Teacher Retirement System of Texas Lowers Holdings in The RMR Group Inc. (NASDAQ:RMR)

Teacher Retirement System of Texas reduced its holdings in The RMR Group Inc. (NASDAQ:RMR - Free Report) by 45.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,165 shares of the financial services provider's stock after selling 32,006 shares during the quarter. Teacher Retirement System of Texas owned 0.12% of The RMR Group worth $635,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in shares of The RMR Group by 20,880.0% during the 1st quarter. GAMMA Investing LLC now owns 2,098 shares of the financial services provider's stock worth $35,000 after acquiring an additional 2,088 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of The RMR Group in the fourth quarter worth $63,000. Aquatic Capital Management LLC boosted its position in shares of The RMR Group by 252.2% in the fourth quarter. Aquatic Capital Management LLC now owns 8,100 shares of the financial services provider's stock worth $167,000 after buying an additional 5,800 shares during the period. Wells Fargo & Company MN boosted its position in shares of The RMR Group by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 9,205 shares of the financial services provider's stock worth $190,000 after buying an additional 2,010 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of The RMR Group in the first quarter worth $248,000. 42.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on RMR shares. Wall Street Zen raised The RMR Group from a "hold" rating to a "buy" rating in a research report on Tuesday, March 25th. B. Riley initiated coverage on The RMR Group in a report on Tuesday, April 22nd. They set a "buy" rating and a $24.00 price objective on the stock.

The RMR Group Price Performance

NASDAQ:RMR traded down $0.04 during mid-day trading on Friday, reaching $17.46. The stock had a trading volume of 246,692 shares, compared to its average volume of 119,792. The stock has a market capitalization of $556.57 million, a PE ratio of 14.43 and a beta of 1.13. The stock has a 50-day simple moving average of $16.08 and a two-hundred day simple moving average of $16.90. 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 Inc. has a 12 month low of $13.48 and a 12 month high of $26.43.

The RMR Group (NASDAQ:RMR - Get Free Report) last posted its earnings results on Tuesday, May 6th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $214.10 million. On average, equities analysts anticipate that The RMR Group Inc. will post 1.51 earnings per share for the current year.

The RMR Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Monday, July 21st will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.31%. The ex-dividend date of this dividend is Monday, July 21st. The RMR Group's dividend payout ratio is currently 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.