Nuveen Asset Management LLC Sells 144,340 Shares of The RMR Group Inc. (NASDAQ:RMR)

Nuveen Asset Management LLC decreased its position in The RMR Group Inc. (NASDAQ:RMR - Free Report) by 79.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,171 shares of the financial services provider's stock after selling 144,340 shares during the quarter. Nuveen Asset Management LLC owned about 0.12% of The RMR Group worth $788,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Millennium Management LLC boosted its position in 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 purchasing an additional 70,127 shares during the period. Lazard Asset Management LLC boosted its position in The RMR Group by 45.2% during the fourth quarter. Lazard Asset Management LLC now owns 21,125 shares of the financial services provider's stock worth $436,000 after purchasing an additional 6,578 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in The RMR Group by 5.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 56,987 shares of the financial services provider's stock worth $1,176,000 after purchasing an additional 3,079 shares during the period. Deutsche Bank AG boosted its position in The RMR Group by 140.1% during the fourth 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 during the period. Finally, Baird Financial Group Inc. boosted its position 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 period. Institutional investors own 42.31% of the company's stock.

Analyst Ratings Changes

RMR has been the subject of a number of recent analyst reports. B. Riley initiated coverage on 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 raised The RMR Group from a "hold" rating to a "buy" rating in a research report on Tuesday, March 25th.

The RMR Group Stock Performance

Shares of RMR traded down $0.36 during mid-day trading on Thursday, hitting $15.05. The company's stock had a trading volume of 108,768 shares, compared to its average volume of 118,536. The RMR Group Inc. has a one year low of $13.48 and a one year 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 firm has a market capitalization of $479.75 million, a PE ratio of 11.32 and a beta of 1.10. The stock's 50-day moving average is $15.00 and its two-hundred day moving average is $17.93.

The RMR Group (NASDAQ:RMR - Get Free Report) last posted its quarterly earnings data 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 RMR Group had a net margin of 2.62% and a return on equity of 5.83%. The business had revenue of $166.67 million during the quarter, compared to the consensus estimate of $214.10 million. As a group, sell-side analysts anticipate that The RMR Group Inc. will post 1.51 EPS for the current year.

The RMR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd were given a $0.45 dividend. The ex-dividend date was Tuesday, April 22nd. This represents a $1.80 annualized dividend and a dividend yield of 11.96%. The RMR Group's dividend payout ratio is 148.76%.

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.