The RMR Group (NASDAQ:RMR) Stock Price Up 1.2%

The RMR Group Inc. (NASDAQ:RMR - Get Free Report) shares traded up 1.2% on Thursday . The stock traded as high as $24.06 and last traded at $23.98. 10,251 shares changed hands during trading, a decline of 89% from the average session volume of 92,891 shares. The stock had previously closed at $23.70.

Analyst Upgrades and Downgrades

RMR has been the subject of a number of research analyst reports. TheStreet upgraded shares of The RMR Group from a "c+" rating to a "b-" rating in a report on Tuesday, January 2nd. StockNews.com cut shares of The RMR Group from a "buy" rating to a "hold" rating in a report on Thursday, February 8th.

The RMR Group Trading Up 1.3 %

The firm has a fifty day moving average of $24.51 and a two-hundred day moving average of $24.80. The company has a market cap of $761.04 million, a PE ratio of 6.94 and a beta of 1.30.

The RMR Group (NASDAQ:RMR - Get Free Report) last posted its earnings results on Wednesday, February 7th. The financial services provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.04. The firm had revenue of $261.67 million during the quarter, compared to the consensus estimate of $223.18 million. The RMR Group had a net margin of 5.93% and a return on equity of 7.78%. Sell-side analysts expect that The RMR Group Inc. will post 1.92 EPS for the current fiscal year.

The RMR Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, January 22nd were issued a dividend of $0.40 per share. This is a boost from The RMR Group's previous quarterly dividend of $0.30. The ex-dividend date was Friday, January 19th. This represents a $1.60 dividend on an annualized basis and a yield of 6.67%. The RMR Group's dividend payout ratio is 46.24%.

Hedge Funds Weigh In On The RMR Group

A number of large investors have recently modified their holdings of the company. Swiss National Bank boosted its stake in The RMR Group by 2.1% during the third quarter. Swiss National Bank now owns 34,392 shares of the financial services provider's stock valued at $843,000 after buying an additional 700 shares during the period. Los Angeles Capital Management LLC grew its holdings in shares of The RMR Group by 153.7% during the third quarter. Los Angeles Capital Management LLC now owns 47,861 shares of the financial services provider's stock worth $1,174,000 after purchasing an additional 28,994 shares in the last quarter. Asset Management One Co. Ltd. bought a new position in shares of The RMR Group in the third quarter worth approximately $56,000. Alps Advisors Inc. purchased a new stake in The RMR Group in the third quarter valued at approximately $337,000. Finally, Inspire Investing LLC bought a new stake in The RMR Group during the third quarter valued at approximately $610,000. 42.31% of the stock is currently owned by institutional investors.

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.