The RMR Group (NASDAQ:RMR) Trading Up 1.2%

The RMR Group Inc. (NASDAQ:RMR) shot up 1.2% during mid-day trading on Thursday . The stock traded as high as $24.06 and last traded at $23.98. 10,251 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 92,891 shares. The stock had previously closed at $23.70.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RMR. StockNews.com cut shares of The RMR Group from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. TheStreet upgraded shares of The RMR Group from a “c+” rating to a “b-” rating in a research note on Tuesday, January 2nd.

The RMR Group Price Performance

The firm has a market cap of $761.04 million, a PE ratio of 6.93 and a beta of 1.30. The company has a 50 day simple moving average of $24.55 and a 200-day simple moving average of $24.81.

The RMR Group (NASDAQ:RMR) last released its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. The business had revenue of $261.67 million during the quarter, compared to the consensus estimate of $223.18 million. The RMR Group had a return on equity of 7.78% and a net margin of 5.93%. On average, sell-side analysts predict that The RMR Group Inc. will post 1.92 EPS for the current fiscal year.

The RMR Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, January 22nd were paid a $0.40 dividend. The ex-dividend date was Friday, January 19th. This is a boost from The RMR Group’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a yield of 6.67%. The RMR Group’s dividend payout ratio (DPR) is 46.24%.

Institutional Trading of The RMR Group

A number of institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC grew its stake in shares of The RMR Group by 2,724.2% in the fourth quarter. International Assets Investment Management LLC now owns 932 shares of the financial services provider’s stock valued at $26,000 after buying an additional 899 shares in the last quarter. Teachers Retirement System of The State of Kentucky purchased a new stake in The RMR Group during the 3rd quarter valued at approximately $30,000. Tower Research Capital LLC TRC raised its stake in shares of The RMR Group by 930.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,226 shares of the financial services provider’s stock worth $32,000 after buying an additional 1,107 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of The RMR Group during the 2nd quarter worth approximately $34,000. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of The RMR Group in the 3rd quarter worth approximately $38,000. 42.31% of the stock is owned by institutional investors and hedge funds.

The RMR Group Company Profile

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.