The RMR Group Inc. $RMR Shares Bought by Commons Capital LLC

Key Points

• Commons Capital LLC significantly increased its stake in The RMR Group Inc. by 400.3% during the second quarter, owning approximately 62,564 shares worth over $1 million.
• Analysts have set a consensus rating of "Buy" for the stock, with an average target price of $24.00.
• The RMR Group announced a quarterly dividend of $0.45 per share, yielding 12.1%, with a payout ratio of 153.85%.

Commons Capital LLC raised its stake in The RMR Group Inc. (NASDAQ:RMR - Free Report) by 400.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,564 shares of the financial services provider's stock after buying an additional 50,059 shares during the quarter. Commons Capital LLC owned approximately 0.20% of The RMR Group worth $1,023,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of RMR. NewEdge Advisors LLC grew its holdings in shares of The RMR Group by 313.1% in the first quarter. NewEdge Advisors LLC now owns 1,483 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 1,124 shares during the period. GAMMA Investing LLC boosted its holdings in The RMR Group by 20,880.0% in the 1st quarter. GAMMA Investing LLC now owns 2,098 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 2,088 shares during the last quarter. AlphaQuest LLC grew its stake in shares of The RMR Group by 131.3% in the 1st quarter. AlphaQuest LLC now owns 2,406 shares of the financial services provider's stock valued at $40,000 after buying an additional 1,366 shares during the period. Strs Ohio acquired a new stake in shares of The RMR Group during the 1st quarter worth approximately $50,000. Finally, CWM LLC increased its holdings in shares of The RMR Group by 216.0% during the 2nd quarter. CWM LLC now owns 6,522 shares of the financial services provider's stock worth $107,000 after buying an additional 4,458 shares during the last quarter. Hedge funds and other institutional investors own 42.31% of the company's stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a "hold (c-)" rating on shares of The RMR Group in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $24.00.

The RMR Group Price Performance

The RMR Group stock opened at $14.90 on Friday. The company's 50 day simple moving average is $16.21 and its 200-day simple moving average is $15.94. The company has a market capitalization of $474.86 million, a price-to-earnings ratio of 12.74 and a beta of 1.19. The RMR Group Inc. has a 1 year low of $13.48 and a 1 year high of $25.79. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.88 and a current ratio of 0.88.

The RMR Group (NASDAQ:RMR - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $154.73 million during the quarter, compared to analysts' expectations of $201.80 million. The RMR Group had a net margin of 2.56% and a return on equity of 5.01%. As a group, equities research analysts expect 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 announced a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Monday, October 27th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, October 27th. This represents a $1.80 annualized dividend and a yield of 12.1%. The RMR Group's dividend payout ratio is presently 153.85%.

The RMR Group 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.

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