The RMR Group Inc. (NASDAQ:RMR) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in The RMR Group Inc. (NASDAQ:RMR - Free Report) by 7.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 380,112 shares of the financial services provider's stock after purchasing an additional 26,661 shares during the period. Dimensional Fund Advisors LP owned about 1.19% of The RMR Group worth $7,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in The RMR Group in the 4th quarter valued at about $63,000. SG Americas Securities LLC raised its position in The RMR Group by 15.3% in the 4th 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 in the last quarter. Wells Fargo & Company MN raised its position in The RMR Group by 27.9% in the 4th quarter. Wells Fargo & Company MN now owns 9,205 shares of the financial services provider's stock valued at $190,000 after purchasing an additional 2,010 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of The RMR Group during the 4th quarter worth about $297,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of The RMR Group during the 4th quarter worth about $319,000. Institutional investors and hedge funds own 42.31% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. StockNews.com raised The RMR Group from a "hold" rating to a "buy" rating in a research report on Tuesday, March 25th. B. Riley assumed coverage on The RMR Group in a research report on Tuesday, April 22nd. They set a "buy" rating and a $24.00 price target on the stock.

The RMR Group Stock Performance

RMR traded down $0.18 during trading on Tuesday, hitting $14.62. 109,070 shares of the stock were exchanged, compared to its average volume of 115,331. The stock has a fifty day moving average price of $15.85 and a two-hundred day moving average price of $18.94. The RMR Group Inc. has a 1-year low of $13.48 and a 1-year high of $26.43. The firm has a market capitalization of $465.59 million, a P/E ratio of 10.99 and a beta of 1.10. 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 RMR Group (NASDAQ:RMR - Get Free Report) last announced its earnings results on Tuesday, May 6th. The financial services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). The RMR Group had a net margin of 2.62% and a return on equity of 5.83%. The company had revenue of $166.67 million during the quarter, compared to analysts' expectations of $214.10 million. As a group, sell-side analysts predict that The RMR Group Inc. will post 1.51 earnings per share for the current year.

The RMR Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.80 annualized dividend and a dividend yield of 12.31%. The RMR Group's dividend payout ratio (DPR) is currently 148.76%.

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.