CWA Asset Management Group LLC boosted its holdings in shares of The RMR Group Inc. (NASDAQ:RMR - Free Report) by 42.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,535 shares of the financial services provider's stock after acquiring an additional 20,506 shares during the period. CWA Asset Management Group LLC owned approximately 0.22% of The RMR Group worth $1,141,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of The RMR Group by 20,880.0% in the first quarter. GAMMA Investing LLC now owns 2,098 shares of the financial services provider's stock valued at $35,000 after buying an additional 2,088 shares during the period. Quantbot Technologies LP bought a new stake in The RMR Group in the 4th quarter valued at $63,000. Aquatic Capital Management LLC boosted its stake in The RMR Group by 252.2% in the 4th quarter. Aquatic Capital Management LLC now owns 8,100 shares of the financial services provider's stock worth $167,000 after purchasing an additional 5,800 shares during the period. Wells Fargo & Company MN increased its holdings in The RMR Group by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 9,205 shares of the financial services provider's stock worth $190,000 after purchasing an additional 2,010 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in The RMR Group by 140.1% during the 4th quarter. Deutsche Bank AG now owns 13,515 shares of the financial services provider's stock worth $279,000 after purchasing an additional 7,885 shares in the last quarter. 42.31% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on RMR. Wall Street Zen upgraded The RMR Group from a "hold" rating to a "buy" rating in a report on Tuesday, March 25th. B. Riley assumed coverage on The RMR Group in a research report on Tuesday, April 22nd. They issued a "buy" rating and a $24.00 target price on the stock.
Read Our Latest Stock Report on RMR
The RMR Group Stock Performance
Shares of RMR stock opened at $16.32 on Friday. The RMR Group Inc. has a 12 month low of $13.48 and a 12 month high of $26.43. The company's fifty day simple moving average is $15.10 and its 200-day simple moving average is $17.51. The firm has a market cap of $520.28 million, a PE ratio of 13.49 and a beta of 1.12. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.10.
The RMR Group (NASDAQ:RMR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). The RMR Group had a return on equity of 5.35% and a net margin of 2.51%. The business had revenue of $166.67 million for the quarter, compared to the consensus estimate of $214.10 million. Equities research analysts expect that The RMR Group Inc. will post 1.51 EPS for the current fiscal year.
The RMR Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $1.80 annualized dividend and a yield of 11.03%. The RMR Group's dividend payout ratio (DPR) is presently 148.76%.
The RMR Group 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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