The RMR Group (NASDAQ:RMR) Stock Price Up 0.2%

The RMR Group Inc. (NASDAQ:RMR - Get Free Report)'s share price traded up 0.2% during mid-day trading on Friday . The stock traded as high as $23.27 and last traded at $23.20. 21,530 shares were traded during mid-day trading, a decline of 76% from the average session volume of 90,938 shares. The stock had previously closed at $23.16.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on RMR shares. TheStreet raised shares of The RMR Group from a "c+" rating to a "b-" rating in a research note on Tuesday, January 2nd. StockNews.com lowered shares of The RMR Group from a "buy" rating to a "hold" rating in a research note on Thursday, February 8th.

The RMR Group Stock Performance

The firm's 50 day moving average is $24.22 and its 200-day moving average is $24.75. The firm has a market cap of $739.45 million, a price-to-earnings ratio of 6.74 and a beta of 1.30.

The RMR Group (NASDAQ:RMR - Get Free Report) last announced its earnings results on Wednesday, February 7th. The financial services provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.45 by $0.04. The firm had revenue of $261.67 million for 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%. As a group, research analysts predict that The RMR Group Inc. will post 1.92 EPS for the current 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 issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.86%. The ex-dividend date was Friday, January 19th. This is an increase from The RMR Group's previous quarterly dividend of $0.30. The RMR Group's dividend payout ratio (DPR) is 46.24%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RMR. Envestnet Asset Management Inc. increased its holdings in shares of The RMR Group by 2,538.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 293,339 shares of the financial services provider's stock worth $90,000 after purchasing an additional 282,221 shares during the period. Millennium Management LLC increased its stake in The RMR Group by 121.1% in the fourth quarter. Millennium Management LLC now owns 354,026 shares of the financial services provider's stock valued at $10,001,000 after acquiring an additional 193,901 shares during the period. BlackRock Inc. increased its stake in The RMR Group by 7.6% in the third quarter. BlackRock Inc. now owns 1,478,140 shares of the financial services provider's stock valued at $35,019,000 after acquiring an additional 104,710 shares during the period. UBS Group AG increased its stake in The RMR Group by 52.7% in the first quarter. UBS Group AG now owns 235,828 shares of the financial services provider's stock valued at $6,188,000 after acquiring an additional 81,342 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its stake in The RMR Group by 694.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 83,819 shares of the financial services provider's stock valued at $2,199,000 after acquiring an additional 73,269 shares during the period. Institutional investors own 42.31% of the company's stock.

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.