Cubist Systematic Strategies LLC purchased a new position in shares of The RMR Group Inc. (NASDAQ:RMR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 45,840 shares of the financial services provider's stock, valued at approximately $763,000. Cubist Systematic Strategies LLC owned approximately 0.14% of The RMR Group as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also added to or reduced their stakes in the stock. Garner Asset Management Corp lifted its position in The RMR Group by 29.9% during the first quarter. Garner Asset Management Corp now owns 417,999 shares of the financial services provider's stock valued at $6,960,000 after buying an additional 96,315 shares during the period. Millennium Management LLC grew its stake in shares of The RMR Group by 182.2% during the 4th quarter. Millennium Management LLC now owns 108,619 shares of the financial services provider's stock valued at $2,242,000 after acquiring an additional 70,127 shares during the period. Trexquant Investment LP bought a new position in The RMR Group in the 1st quarter worth approximately $946,000. Nuveen LLC bought a new position in The RMR Group in the 1st quarter worth approximately $787,000. Finally, Aviance Capital Partners LLC raised its holdings in shares of The RMR Group by 187.7% during the 1st quarter. Aviance Capital Partners LLC now owns 55,033 shares of the financial services provider's stock worth $916,000 after acquiring an additional 35,904 shares in the last quarter. Institutional investors own 42.31% of the company's stock.
The RMR Group Trading Down 0.4%
NASDAQ:RMR traded down $0.07 during midday trading on Monday, hitting $16.98. 43,501 shares of the company traded hands, compared to its average volume of 62,754. The firm's fifty day moving average is $16.77 and its 200-day moving average is $16.21. The RMR Group Inc. has a 12-month low of $13.48 and a 12-month high of $26.06. The firm has a market capitalization of $541.15 million, a P/E ratio of 14.51 and a beta of 1.20. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.11.
The RMR Group (NASDAQ:RMR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. The company had revenue of $154.73 million for the quarter, compared to the consensus estimate of $201.80 million. The RMR Group had a return on equity of 5.01% and a net margin of 2.56%. On average, sell-side analysts predict that The RMR Group Inc. will post 1.51 EPS for the current year.
The RMR Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, July 21st were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, July 21st. This represents a $1.80 dividend on an annualized basis and a yield of 10.6%. The RMR Group's dividend payout ratio (DPR) is presently 153.85%.
The RMR Group Profile
(
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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