Teacher Retirement System of Texas lessened its holdings in The RMR Group Inc. (NASDAQ:RMR - Free Report) by 45.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 38,165 shares of the financial services provider's stock after selling 32,006 shares during the period. Teacher Retirement System of Texas owned about 0.12% of The RMR Group worth $635,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of RMR. Millennium Management LLC lifted 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 valued at $2,242,000 after acquiring an additional 70,127 shares during the last quarter. CWA Asset Management Group LLC lifted its position in The RMR Group by 42.7% during the first quarter. CWA Asset Management Group LLC now owns 68,535 shares of the financial services provider's stock valued at $1,141,000 after acquiring an additional 20,506 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in The RMR Group during the first quarter valued at approximately $248,000. Garner Asset Management Corp lifted its position in The RMR Group by 11.6% during the fourth quarter. Garner Asset Management Corp now owns 321,684 shares of the financial services provider's stock valued at $6,516,000 after acquiring an additional 33,411 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in The RMR Group by 15.9% during the fourth quarter. JPMorgan Chase & Co. now owns 130,962 shares of the financial services provider's stock valued at $2,703,000 after acquiring an additional 17,980 shares during the last quarter. Hedge funds and other institutional investors own 42.31% of the company's stock.
The RMR Group Price Performance
RMR traded up $0.22 on Wednesday, reaching $17.44. 94,550 shares of the company's stock were exchanged, compared to its average volume of 119,309. The stock has a market cap of $555.99 million, a PE ratio of 14.41 and a beta of 1.13. The RMR Group Inc. has a twelve month low of $13.48 and a twelve month high of $26.43. The stock's fifty day moving average price is $15.88 and its 200-day moving average price is $16.94. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.00 and a quick ratio of 1.00.
The RMR Group (NASDAQ:RMR - Get Free Report) last issued its earnings results on Tuesday, May 6th. The financial services provider reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.02). The RMR Group had a return on equity of 5.35% and a net margin of 2.51%. The firm had revenue of $166.67 million for the quarter, compared to analysts' expectations of $214.10 million. Sell-side analysts expect that The RMR Group Inc. will post 1.51 EPS for the current year.
The RMR Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Monday, July 21st will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.32%. The ex-dividend date is Monday, July 21st. The RMR Group's dividend payout ratio (DPR) is 148.76%.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. Wall Street Zen raised shares of The RMR Group from a "hold" rating to a "buy" rating in a report on Tuesday, March 25th. B. Riley assumed coverage on shares of The RMR Group in a research report on Tuesday, April 22nd. They issued a "buy" rating and a $24.00 target price on the stock.
Check Out Our Latest Report on The RMR Group
About The RMR Group
(
Free Report)
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.
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