Aviance Capital Partners LLC Has $916,000 Holdings in The RMR Group Inc. (NASDAQ:RMR)

Aviance Capital Partners LLC lifted its position in The RMR Group Inc. (NASDAQ:RMR - Free Report) by 187.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,033 shares of the financial services provider's stock after buying an additional 35,904 shares during the quarter. Aviance Capital Partners LLC owned about 0.17% of The RMR Group worth $916,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Millennium Management LLC boosted 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 worth $2,242,000 after purchasing an additional 70,127 shares during the period. CWA Asset Management Group LLC boosted 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 worth $1,141,000 after purchasing an additional 20,506 shares during the period. Exchange Traded Concepts LLC bought a new position in The RMR Group during the first quarter worth $248,000. Proficio Capital Partners LLC bought a new position in The RMR Group during the fourth quarter worth $319,000. Finally, Garner Asset Management Corp boosted 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 worth $6,516,000 after purchasing an additional 33,411 shares during the period. 42.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on RMR. B. Riley began coverage on shares of The RMR Group in a research report on Tuesday, April 22nd. They set a "buy" rating and a $24.00 price objective for the company. Wall Street Zen raised shares of The RMR Group from a "hold" rating to a "buy" rating in a research report on Tuesday, March 25th.

The RMR Group Stock Performance

Shares of The RMR Group stock traded up $0.34 during trading on Tuesday, reaching $17.32. The company's stock had a trading volume of 106,206 shares, compared to its average volume of 119,562. The business's 50-day moving average price is $15.59 and its 200-day moving average price is $17.05. The firm has a market cap of $552.16 million, a PE ratio of 14.31 and a beta of 1.13. The RMR Group Inc. has a 52 week low of $13.48 and a 52 week high of $26.43. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.10.

The RMR Group (NASDAQ:RMR - Get Free Report) last announced its 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 business had revenue of $166.67 million during the quarter, compared to the consensus estimate of $214.10 million. The RMR Group had a net margin of 2.51% and a return on equity of 5.35%. Equities analysts forecast 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, May 15th. Stockholders of record on Tuesday, April 22nd were given a $0.45 dividend. The ex-dividend date was Tuesday, April 22nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.39%. The RMR Group's payout ratio is presently 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.