Millennium Management LLC Has $2.24 Million Holdings in The RMR Group Inc. (NASDAQ:RMR)

Millennium Management LLC boosted its holdings in The RMR Group Inc. (NASDAQ:RMR - Free Report) by 182.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 108,619 shares of the financial services provider's stock after acquiring an additional 70,127 shares during the quarter. Millennium Management LLC owned about 0.34% of The RMR Group worth $2,242,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in shares of The RMR Group during the 4th quarter worth $63,000. SG Americas Securities LLC boosted its position in shares of 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 during the period. Aquatic Capital Management LLC increased 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 in the last quarter. Wells Fargo & Company MN raised 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 buying an additional 2,010 shares during the period. Finally, Deutsche Bank AG raised 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 buying an additional 7,885 shares during the period. 42.31% of the stock is owned by institutional investors and hedge funds.

The RMR Group Stock Up 2.2%

NASDAQ:RMR traded up $0.34 during trading hours on Tuesday, hitting $15.54. 109,584 shares of the company's stock traded hands, compared to its average volume of 118,034. The firm has a market cap of $495.37 million, a P/E ratio of 11.68 and a beta of 1.10. The RMR Group Inc. has a twelve month low of $13.48 and a twelve month high of $26.43. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.89. The stock's fifty day moving average price is $15.08 and its two-hundred day moving average price is $18.01.

The RMR Group (NASDAQ:RMR - Get Free Report) last released 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 business had revenue of $166.67 million for the quarter, compared to analysts' expectations of $214.10 million. The RMR Group had a net margin of 2.62% and a return on equity of 5.83%. On average, research analysts expect that The RMR Group Inc. will post 1.51 earnings per share for the current fiscal year.

The RMR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.58%. The ex-dividend date of this dividend was Tuesday, April 22nd. The RMR Group's dividend payout ratio (DPR) is currently 148.76%.

Analysts Set New Price Targets

RMR has been the subject of several recent analyst reports. B. Riley started coverage on shares of The RMR Group in a report on Tuesday, April 22nd. They issued a "buy" rating and a $24.00 target price for the company. Wall Street Zen upgraded shares of The RMR Group from a "hold" rating to a "buy" rating in a research report on Tuesday, March 25th.

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.