The RMR Group Inc. $RMR Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. has drastically reduced its stake in The RMR Group Inc. by 88.8%, leaving it with only 3,728 shares valued at approximately $62,000.
• Other institutional investors, like GAMMA Investing LLC and Deutsche Bank AG, have made significant increases in their holdings, with GAMMA boosting its position by an astounding 20,880.0%.
• The RMR Group recently announced a quarterly dividend of $0.45, resulting in an annualized dividend yield of 10.7%, although its dividend payout ratio stands high at 153.85%.

Russell Investments Group Ltd. lowered its stake in The RMR Group Inc. (NASDAQ:RMR - Free Report) by 88.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,728 shares of the financial services provider's stock after selling 29,490 shares during the quarter. Russell Investments Group Ltd.'s holdings in The RMR Group were worth $62,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC increased its position in shares of The RMR Group by 20,880.0% during the first quarter. GAMMA Investing LLC now owns 2,098 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 2,088 shares during the last quarter. Wells Fargo & Company MN increased its holdings in The RMR Group by 27.9% in the 4th quarter. Wells Fargo & Company MN now owns 9,205 shares of the financial services provider's stock valued at $190,000 after purchasing an additional 2,010 shares during the last quarter. Deutsche Bank AG raised its position in The RMR Group by 140.1% in the fourth quarter. Deutsche Bank AG now owns 13,515 shares of the financial services provider's stock valued at $279,000 after purchasing an additional 7,885 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in The RMR Group during the first quarter worth $236,000. Finally, Exchange Traded Concepts LLC purchased a new position in shares of The RMR Group during the first quarter worth $248,000. Hedge funds and other institutional investors own 42.31% of the company's stock.

The RMR Group Trading Down 0.9%

Shares of RMR stock traded down $0.15 on Wednesday, hitting $16.71. The stock had a trading volume of 42,722 shares, compared to its average volume of 74,099. The company's 50 day moving average price is $16.79 and its 200-day moving average price is $16.26. The RMR Group Inc. has a 1 year low of $13.48 and a 1 year high of $26.06. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $532.55 million, a P/E ratio of 14.28 and a beta of 1.20.

The RMR Group (NASDAQ:RMR - Get Free Report) last released its earnings results on Tuesday, August 5th. The financial services provider reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The company had revenue of $154.73 million during the quarter, compared to the consensus estimate of $201.80 million. The RMR Group had a return on equity of 5.01% and a net margin of 2.56%. Analysts anticipate that The RMR Group Inc. will post 1.51 earnings per share for the current year.

The RMR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, July 21st were issued a dividend of $0.45 per share. The ex-dividend date was Monday, July 21st. This represents a $1.80 dividend on an annualized basis and a yield of 10.8%. The RMR Group's dividend payout ratio is 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.