Nuveen Asset Management LLC Decreases Stock Holdings in The RMR Group Inc. (NASDAQ:RMR)

Nuveen Asset Management LLC cut its stake in The RMR Group Inc. (NASDAQ:RMR - Free Report) by 79.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,171 shares of the financial services provider's stock after selling 144,340 shares during the period. Nuveen Asset Management LLC owned about 0.12% of The RMR Group worth $788,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Federated Hermes Inc. lifted its position in The RMR Group by 1.9% in the fourth quarter. Federated Hermes Inc. now owns 539,276 shares of the financial services provider's stock valued at $11,131,000 after acquiring an additional 10,291 shares during the last quarter. Renaissance Technologies LLC lifted its position in The RMR Group by 4.8% in the fourth quarter. Renaissance Technologies LLC now owns 487,214 shares of the financial services provider's stock valued at $10,056,000 after acquiring an additional 22,300 shares during the last quarter. Nantahala Capital Management LLC increased its stake in The RMR Group by 32.8% in the fourth quarter. Nantahala Capital Management LLC now owns 450,792 shares of the financial services provider's stock valued at $9,304,000 after purchasing an additional 111,306 shares during the period. Geode Capital Management LLC increased its stake in The RMR Group by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 434,398 shares of the financial services provider's stock valued at $8,968,000 after purchasing an additional 10,090 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in 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. 42.31% of the stock is owned by hedge funds and other institutional investors.

The RMR Group Stock Performance

NASDAQ RMR traded up $0.35 during trading on Friday, reaching $15.40. The company's stock had a trading volume of 124,022 shares, compared to its average volume of 119,159. 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 cap of $490.91 million, a price-to-earnings ratio of 11.58 and a beta of 1.12. The RMR Group Inc. has a twelve month low of $13.48 and a twelve month high of $26.43. The business's fifty day moving average price is $14.98 and its 200-day moving average price is $17.82.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.02). The RMR Group had a return on equity of 5.83% and a net margin of 2.62%. The firm had revenue of $166.67 million for the quarter, compared to analyst estimates of $214.10 million. As a group, analysts anticipate that The RMR Group Inc. will post 1.51 EPS for the current fiscal year.

The RMR Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd were paid a dividend of $0.45 per share. The ex-dividend date was Tuesday, April 22nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.69%. The RMR Group's dividend payout ratio (DPR) is 148.76%.

Analyst Upgrades and Downgrades

RMR has been the topic of a number of recent research reports. B. Riley initiated coverage on shares of The RMR Group in a research note on Tuesday, April 22nd. They issued a "buy" rating and a $24.00 price objective on the stock. Wall Street Zen upgraded shares of The RMR Group from a "hold" rating to a "buy" rating in a research note on Tuesday, March 25th.

The RMR Group 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.