The RMR Group (NASDAQ:RMR) Trading Up 0.9%

The RMR Group Inc. (NASDAQ:RMR - Get Free Report) traded up 0.9% during trading on Thursday . The stock traded as high as $23.57 and last traded at $23.53. 9,488 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 91,197 shares. The stock had previously closed at $23.31.

Analysts Set New Price Targets

A number of brokerages have issued reports on RMR. StockNews.com cut The RMR Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 8th. TheStreet raised The RMR Group from a "c+" rating to a "b-" rating in a research report on Tuesday, January 2nd.

The RMR Group Stock Down 0.6 %

The stock has a market cap of $734.40 million, a P/E ratio of 6.69 and a beta of 1.30. The business has a 50-day simple moving average of $24.28 and a 200-day simple moving average of $24.76.

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

The RMR Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, January 22nd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.91%. This is a positive change from The RMR Group's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, January 19th. The RMR Group's dividend payout ratio is presently 46.24%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Hsbc Holdings PLC raised its stake in The RMR Group by 4.6% during the fourth quarter. Hsbc Holdings PLC now owns 10,797 shares of the financial services provider's stock worth $308,000 after acquiring an additional 470 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in The RMR Group by 0.8% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 68,914 shares of the financial services provider's stock worth $2,143,000 after acquiring an additional 554 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of The RMR Group by 0.9% during the first quarter. Rhumbline Advisers now owns 67,135 shares of the financial services provider's stock worth $1,762,000 after purchasing an additional 609 shares during the last quarter. Swiss National Bank grew its holdings in shares of 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 worth $843,000 after purchasing an additional 700 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of The RMR Group by 4.6% during the first quarter. Royal Bank of Canada now owns 16,438 shares of the financial services provider's stock worth $511,000 after purchasing an additional 722 shares during the last quarter. 42.31% of the stock is currently owned by institutional investors and hedge funds.

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.