The RMR Group Inc. (NASDAQ:RMR) Shares Purchased by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its holdings in shares of The RMR Group Inc. (NASDAQ:RMR - Free Report) by 78.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 71,252 shares of the financial services provider's stock after purchasing an additional 31,285 shares during the period. Ameriprise Financial Inc. owned approximately 0.22% of The RMR Group worth $1,471,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new stake in shares of The RMR Group in the fourth quarter worth approximately $63,000. SG Americas Securities LLC raised its holdings 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 worth $141,000 after purchasing an additional 908 shares during the period. Aquatic Capital Management LLC lifted its position in shares of The RMR Group by 252.2% during the 4th quarter. Aquatic Capital Management LLC now owns 8,100 shares of the financial services provider's stock valued at $167,000 after buying an additional 5,800 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in The RMR Group by 27.9% during the fourth 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. Finally, KLP Kapitalforvaltning AS purchased a new stake in The RMR Group in the 4th quarter worth $297,000. Hedge funds and other institutional investors own 42.31% of the company's stock.

The RMR Group Trading Down 0.8%

Shares of NASDAQ RMR traded down $0.13 during midday trading on Wednesday, hitting $15.41. The company's stock had a trading volume of 90,155 shares, compared to its average volume of 118,281. The business's 50 day moving average is $15.03 and its two-hundred day moving average is $17.97. The RMR Group Inc. has a 12-month low of $13.48 and a 12-month high of $26.43. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The firm has a market cap of $491.22 million, a P/E ratio of 11.59 and a beta of 1.10.

The RMR Group (NASDAQ:RMR - Get Free Report) last issued 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 RMR Group had a return on equity of 5.83% and a net margin of 2.62%. The company had revenue of $166.67 million during the quarter, compared to the consensus estimate of $214.10 million. As a group, equities research analysts expect that The RMR Group Inc. will post 1.51 EPS for the current year.

The RMR Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd were issued 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 11.68%. The RMR Group's dividend payout ratio is currently 148.76%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RMR. B. Riley initiated coverage on shares of The RMR Group in a research report on Tuesday, April 22nd. They set a "buy" rating and a $24.00 target price for the company. Wall Street Zen upgraded The RMR Group from a "hold" rating to a "buy" rating in a report on Tuesday, March 25th.

The RMR Group 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.