The RMR Group (NASDAQ:RMR) Shares Down 3.4%

The RMR Group Inc. (NASDAQ:RMR) fell 3.4% on Monday . The stock traded as low as $24.52 and last traded at $24.58. 12,671 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 91,984 shares. The stock had previously closed at $25.44.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. B. Riley cut their price target on The RMR Group from $35.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. JMP Securities assumed coverage on The RMR Group in a report on Friday, April 19th. They issued a “market perform” rating for the company.

The RMR Group Price Performance

The stock has a market cap of $789.44 million, a price-to-earnings ratio of 9.46 and a beta of 1.27. The firm has a fifty day moving average of $23.45 and a 200 day moving average of $24.13.

The RMR Group (NASDAQ:RMR) last posted its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). The company had revenue of $217.75 million during the quarter, compared to analyst estimates of $238.20 million. The RMR Group had a net margin of 4.59% and a return on equity of 7.35%. Research analysts anticipate that The RMR Group Inc. will post 1.67 earnings per share for the current fiscal year.

The RMR Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, July 22nd will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, July 22nd. This represents a $1.80 annualized dividend and a yield of 7.23%. The RMR Group’s dividend payout ratio (DPR) is 66.91%.

Institutional Investors Weigh In On The RMR Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RMR. Allspring Global Investments Holdings LLC boosted its position in shares of The RMR Group by 203.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 63,048 shares of the financial services provider’s stock worth $1,513,000 after buying an additional 42,288 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in The RMR Group by 19.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 239,218 shares of the financial services provider’s stock valued at $6,753,000 after purchasing an additional 39,270 shares during the period. Wasatch Advisors LP boosted its holdings in The RMR Group by 24.3% in the fourth quarter. Wasatch Advisors LP now owns 365,730 shares of the financial services provider’s stock valued at $10,325,000 after purchasing an additional 71,549 shares during the period. Janney Montgomery Scott LLC purchased a new position in The RMR Group in the first quarter valued at $689,000. Finally, Pacific Ridge Capital Partners LLC boosted its holdings in The RMR Group by 31.7% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 37,290 shares of the financial services provider’s stock valued at $1,053,000 after purchasing an additional 8,975 shares during the period. Institutional investors and hedge funds own 42.31% of the company’s stock.

About The RMR Group

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides asset management services in the United States. The company offers management services to its four publicly traded real estate investment trusts, three real estate operating companies, and private capital vehicles. It also provides advisory services to publicly traded mortgage real estate investment trust.