Vanguard Group Inc. Reduces Stock Holdings in The RMR Group Inc. $RMR

Key Points

• Vanguard Group Inc. reduced its stake in The RMR Group Inc. by 15.7%, selling 359,078 shares, bringing its total ownership to approximately 1.92 million shares valued at $32 million.
• Despite Vanguard's pullback, other institutional investors like GAMMA Investing LLC significantly increased their holdings, with GAMMA's position growing by 20,880% in the first quarter.
• The RMR Group's quarterly earnings were reported at $0.28 per share, meeting analyst expectations, but revenue of $154.73 million fell short of estimates of $201.80 million.

Vanguard Group Inc. cut its position in The RMR Group Inc. (NASDAQ:RMR - Free Report) by 15.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,922,452 shares of the financial services provider's stock after selling 359,078 shares during the period. Vanguard Group Inc. owned 6.04% of The RMR Group worth $32,009,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in RMR. Wells Fargo & Company MN grew its stake in shares of The RMR Group by 27.9% in the 4th quarter. Wells Fargo & Company MN now owns 9,205 shares of the financial services provider's stock valued at $190,000 after buying an additional 2,010 shares during the period. Barclays PLC increased its holdings in The RMR Group by 6.1% during the 4th quarter. Barclays PLC now owns 53,742 shares of the financial services provider's stock worth $1,110,000 after purchasing an additional 3,068 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in The RMR Group by 7.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 380,112 shares of the financial services provider's stock worth $7,846,000 after purchasing an additional 26,661 shares in the last quarter. Stifel Financial Corp increased its holdings in The RMR Group by 1.2% during the 4th quarter. Stifel Financial Corp now owns 66,184 shares of the financial services provider's stock worth $1,366,000 after purchasing an additional 771 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in The RMR Group by 14.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 38,443 shares of the financial services provider's stock worth $794,000 after purchasing an additional 4,910 shares in the last quarter. 42.31% of the stock is currently owned by institutional investors and hedge funds.

The RMR Group Stock Up 1.0%

RMR traded up $0.17 during midday trading on Monday, reaching $16.88. 60,106 shares of the company were exchanged, compared to its average volume of 94,970. 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 company's fifty day moving average price is $16.77 and its 200 day moving average price is $16.30. The company has a market cap of $537.97 million, a price-to-earnings ratio of 14.43 and a beta of 1.20. The RMR Group Inc. has a one year low of $13.48 and a one year high of $26.06.

The RMR Group (NASDAQ:RMR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $0.28 EPS for the quarter, hitting analysts' consensus estimates of $0.28. The firm had revenue of $154.73 million during the quarter, compared to analyst estimates of $201.80 million. The RMR Group had a return on equity of 5.01% and a net margin of 2.56%. As a group, analysts expect that The RMR Group Inc. will post 1.51 EPS for the current year.

The RMR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, July 21st were issued a $0.45 dividend. The ex-dividend date of this dividend was Monday, July 21st. This represents a $1.80 annualized dividend and a dividend yield of 10.7%. The RMR Group's dividend payout ratio is currently 153.85%.

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.