Russell Investments Group Ltd. Has $62,000 Stock Holdings in The RMR Group Inc. $RMR

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. cut its holdings in shares of The RMR Group Inc. (NASDAQ:RMR - Free Report) by 88.8% during the first quarter, according to the company in its most recent 13F filing 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 period. Russell Investments Group Ltd.'s holdings in The RMR Group were worth $62,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Garner Asset Management Corp grew its position in The RMR Group by 29.9% during the 1st quarter. Garner Asset Management Corp now owns 417,999 shares of the financial services provider's stock worth $6,960,000 after acquiring an additional 96,315 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings 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 in the last quarter. Northern Trust Corp increased its holdings in shares of The RMR Group by 9.2% in the fourth quarter. Northern Trust Corp now owns 168,664 shares of the financial services provider's stock valued at $3,481,000 after purchasing an additional 14,177 shares in the last quarter. Millennium Management LLC increased its holdings in shares of The RMR Group by 182.2% in the fourth quarter. Millennium Management LLC now owns 108,619 shares of the financial services provider's stock valued at $2,242,000 after purchasing an additional 70,127 shares in the last quarter. Finally, Baird Financial Group Inc. increased its holdings in shares of The RMR Group by 20.7% in the fourth quarter. Baird Financial Group Inc. now owns 74,475 shares of the financial services provider's stock valued at $1,537,000 after purchasing an additional 12,763 shares in the last quarter. 42.31% of the stock is currently owned by institutional investors.

The RMR Group Price Performance

Shares of The RMR Group stock traded down $0.14 during midday trading on Tuesday, reaching $16.90. The company had a trading volume of 21,003 shares, compared to its average volume of 141,318. The company has a market capitalization of $538.44 million, a price-to-earnings ratio of 14.44 and a beta of 1.20. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.11. The RMR Group Inc. has a 1-year low of $13.48 and a 1-year high of $26.06. The stock has a fifty day simple moving average of $16.80 and a 200 day simple moving average of $16.25.

The RMR Group (NASDAQ:RMR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $0.28 earnings per share for the quarter, hitting analysts' consensus estimates of $0.28. The RMR Group had a net margin of 2.56% and a return on equity of 5.01%. The business had revenue of $154.73 million during the quarter, compared to the consensus estimate of $201.80 million. As a group, equities research analysts forecast that The RMR Group Inc. will post 1.51 earnings per share for the current year.

The RMR Group Announces Dividend

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. This represents a $1.80 dividend on an annualized basis and a yield of 10.7%. The ex-dividend date of this dividend was Monday, July 21st. The RMR Group's payout ratio is currently 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.