Invesco Ltd. Has $675,000 Stock Position in The RMR Group Inc. $RMR

Key Points

• Invesco Ltd. sold 482,496 shares of The RMR Group Inc., reducing its holdings by 92.3%, now owning only 40,517 shares worth approximately $675,000.
• Other institutional investors, such as Garner Asset Management Corp and Millennium Management LLC, have increased their stakes significantly in The RMR Group, indicating varying investor sentiment.
• The RMR Group announced a quarterly dividend of $0.45, representing a 10.7% yield, while its current payout ratio stands at 153.85%.

Invesco Ltd. trimmed its stake in The RMR Group Inc. (NASDAQ:RMR - Free Report) by 92.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,517 shares of the financial services provider's stock after selling 482,496 shares during the period. Invesco Ltd. owned approximately 0.13% of The RMR Group worth $675,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of RMR. Garner Asset Management Corp boosted its position in shares of The RMR Group by 29.9% in the 1st quarter. Garner Asset Management Corp now owns 417,999 shares of the financial services provider's stock worth $6,960,000 after buying an additional 96,315 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of The RMR Group by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 380,112 shares of the financial services provider's stock valued at $7,846,000 after purchasing an additional 26,661 shares during the period. Northern Trust Corp boosted its position in The RMR Group by 9.2% in the 4th quarter. Northern Trust Corp now owns 168,664 shares of the financial services provider's stock valued at $3,481,000 after buying an additional 14,177 shares during the last quarter. Millennium Management LLC grew its position in shares of The RMR Group by 182.2% during the fourth quarter. Millennium Management LLC now owns 108,619 shares of the financial services provider's stock worth $2,242,000 after buying an additional 70,127 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its stake in The RMR Group by 20.7% during the fourth quarter. Baird Financial Group Inc. now owns 74,475 shares of the financial services provider's stock worth $1,537,000 after purchasing an additional 12,763 shares during the last quarter. Hedge funds and other institutional investors own 42.31% of the company's stock.

The RMR Group Stock Performance

RMR stock traded up $0.03 during mid-day trading on Friday, reaching $16.83. The company had a trading volume of 52,941 shares, compared to its average volume of 79,443. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $536.37 million, a P/E ratio of 14.38 and a beta of 1.20. The RMR Group Inc. has a one year low of $13.48 and a one year high of $26.06. The stock's 50-day simple moving average is $16.78 and its two-hundred day simple moving average is $16.27.

The RMR Group (NASDAQ:RMR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The RMR Group had a net margin of 2.56% and a return on equity of 5.01%. The firm had revenue of $154.73 million for the quarter, compared to analysts' expectations of $201.80 million. Research analysts anticipate 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, August 14th. Investors of record on Monday, July 21st were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date was Monday, July 21st. The RMR Group's dividend payout ratio is presently 153.85%.

The RMR Group Company 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.