Two Sigma Investments LP Sells 25,222 Shares of The RMR Group Inc. (NASDAQ:RMR)

Two Sigma Investments LP lessened its stake in shares of The RMR Group Inc. (NASDAQ:RMR - Free Report) by 46.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,077 shares of the financial services provider's stock after selling 25,222 shares during the quarter. Two Sigma Investments LP owned about 0.09% of The RMR Group worth $600,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Millennium Management LLC raised its position 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 worth $2,242,000 after buying an additional 70,127 shares in the last quarter. Lazard Asset Management LLC grew its position in The RMR Group by 45.2% during the fourth quarter. Lazard Asset Management LLC now owns 21,125 shares of the financial services provider's stock worth $436,000 after buying an additional 6,578 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in The RMR Group by 5.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 56,987 shares of the financial services provider's stock worth $1,176,000 after acquiring an additional 3,079 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of The RMR Group by 140.1% in the 4th quarter. Deutsche Bank AG now owns 13,515 shares of the financial services provider's stock valued at $279,000 after acquiring an additional 7,885 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its position in shares of The RMR Group by 20.7% during the 4th quarter. Baird Financial Group Inc. now owns 74,475 shares of the financial services provider's stock valued at $1,537,000 after acquiring an additional 12,763 shares during the last quarter. 42.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RMR. 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 price objective on the stock. Wall Street Zen raised shares of The RMR Group from a "hold" rating to a "buy" rating in a research note on Tuesday, March 25th.

The RMR Group Trading Up 0.6%

NASDAQ RMR traded up $0.09 on Thursday, hitting $16.31. The company's stock had a trading volume of 83,830 shares, compared to its average volume of 119,384. The firm has a market cap of $519.91 million, a P/E ratio of 12.26 and a beta of 1.12. The RMR Group Inc. has a 52-week low of $13.48 and a 52-week high of $26.43. The company's 50-day simple moving average is $14.98 and its 200 day simple moving average is $17.76. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10.

The RMR Group (NASDAQ:RMR - Get Free Report) last announced its quarterly 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 5.83% and a net margin of 2.62%. The business had revenue of $166.67 million during the quarter, compared to analysts' expectations of $214.10 million. Research analysts predict that The RMR Group Inc. will post 1.51 EPS for the current fiscal year.

The RMR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd were issued a $0.45 dividend. The ex-dividend date was Tuesday, April 22nd. This represents a $1.80 dividend on an annualized basis and a yield of 11.04%. The RMR Group's dividend payout ratio (DPR) is 148.76%.

About The RMR Group

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.