Dimensional Fund Advisors LP increased its holdings in The RMR Group Inc. (NASDAQ:RMR - Free Report) by 7.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 380,112 shares of the financial services provider's stock after acquiring an additional 26,661 shares during the period. Dimensional Fund Advisors LP owned approximately 1.19% of The RMR Group worth $7,846,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in The RMR Group by 55.6% in the third quarter. Barclays PLC now owns 50,674 shares of the financial services provider's stock valued at $1,286,000 after purchasing an additional 18,100 shares during the period. Franklin Resources Inc. boosted its holdings in The RMR Group by 12.9% in the third quarter. Franklin Resources Inc. now owns 24,838 shares of the financial services provider's stock valued at $625,000 after purchasing an additional 2,831 shares during the period. JPMorgan Chase & Co. boosted its holdings in The RMR Group by 36.6% in the third quarter. JPMorgan Chase & Co. now owns 112,982 shares of the financial services provider's stock valued at $2,867,000 after purchasing an additional 30,258 shares during the period. SG Americas Securities LLC boosted its holdings in The RMR Group by 15.3% in the fourth quarter. SG Americas Securities LLC now owns 6,832 shares of the financial services provider's stock valued at $141,000 after purchasing an additional 908 shares during the period. Finally, BayBridge Capital Group LLC boosted its holdings in The RMR Group by 8.3% in the fourth quarter. BayBridge Capital Group LLC now owns 21,827 shares of the financial services provider's stock valued at $451,000 after purchasing an additional 1,671 shares during the period. 42.31% of the stock is currently owned by hedge funds and other institutional investors.
The RMR Group Price Performance
Shares of RMR traded up $0.16 on Friday, reaching $15.32. The stock had a trading volume of 15,368 shares, compared to its average volume of 116,236. The firm has a 50-day moving average of $15.62 and a 200 day moving average of $18.81. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $487.88 million, a PE ratio of 11.52 and a beta of 1.10. The RMR Group Inc. has a twelve month low of $13.48 and a twelve month high of $26.43.
The RMR Group (NASDAQ:RMR - Get Free Report) last posted its earnings results on Tuesday, May 6th. The financial services provider reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.02). The firm had revenue of $166.67 million for the quarter, compared to analysts' expectations of $214.10 million. The RMR Group had a return on equity of 5.83% and a net margin of 2.62%. Sell-side analysts expect that The RMR Group Inc. will post 1.51 EPS for the current year.
The RMR Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, April 22nd. This represents a $1.80 dividend on an annualized basis and a yield of 11.75%. The RMR Group's payout ratio is 148.76%.
Analyst Ratings Changes
A number of research firms have weighed in on RMR. StockNews.com upgraded The RMR Group from a "hold" rating to a "buy" rating in a research note on Tuesday, March 25th. B. Riley began coverage on The RMR Group in a research report on Tuesday, April 22nd. They issued a "buy" rating and a $24.00 price target on the stock.
View Our Latest Report on RMR
The RMR Group Company Profile
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Free Report)
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.
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