The RMR Group (NASDAQ:RMR) Shares Up 0.3%

The RMR Group Inc. (NASDAQ:RMR - Get Free Report)'s stock price traded up 0.3% during mid-day trading on Monday . The company traded as high as $23.60 and last traded at $23.40. 10,166 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 90,374 shares. The stock had previously closed at $23.32.

Analyst Upgrades and Downgrades

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

The RMR Group Price Performance

The stock has a 50 day simple moving average of $24.17 and a two-hundred day simple moving average of $24.73. The company has a market cap of $746.14 million, a price-to-earnings ratio of 6.80 and a beta of 1.30.

The RMR Group (NASDAQ:RMR - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. The company had revenue of $261.67 million for the quarter, compared to analyst estimates of $223.18 million. The RMR Group had a return on equity of 7.78% and a net margin of 5.93%. As a group, research analysts forecast that The RMR Group Inc. will post 1.92 EPS for the current year.

The RMR Group Increases Dividend

The company also recently disclosed 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 dividend yield of 6.80%. 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 payout ratio is currently 46.24%.

Institutional Investors Weigh In On The RMR Group

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of The RMR Group by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 2,341,719 shares of the financial services provider's stock worth $72,827,000 after buying an additional 19,870 shares in the last quarter. BlackRock Inc. boosted its holdings 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 last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of The RMR Group by 1.4% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 972,285 shares of the financial services provider's stock worth $25,513,000 after purchasing an additional 13,220 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of The RMR Group by 2.0% during the second quarter. Renaissance Technologies LLC now owns 426,614 shares of the financial services provider's stock worth $9,885,000 after purchasing an additional 8,500 shares in the last quarter. Finally, Royce & Associates LP lifted its stake in shares of The RMR Group by 8.4% during the first quarter. Royce & Associates LP now owns 398,738 shares of the financial services provider's stock worth $10,463,000 after purchasing an additional 31,000 shares in the last quarter. Hedge funds and other 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.