The RMR Group (NASDAQ:RMR) Trading Up 0.6%

The RMR Group Inc. (NASDAQ:RMR - Get Free Report)'s stock price traded up 0.6% on Wednesday . The stock traded as high as $23.49 and last traded at $23.40. 12,017 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 89,097 shares. The stock had previously closed at $23.25.

Wall Street Analysts Forecast Growth

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

The RMR Group Price Performance

The stock has a market cap of $737.26 million, a P/E ratio of 6.72 and a beta of 1.30. The firm has a 50 day moving average price of $23.93 and a 200 day moving average price of $24.68.

The RMR Group (NASDAQ:RMR - Get Free Report) last released its earnings results on Wednesday, February 7th. The financial services provider reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. The RMR Group had a net margin of 5.93% and a return on equity of 7.78%. The company had revenue of $261.67 million for the quarter, compared to analysts' expectations of $223.18 million. Equities 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 disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 7.74%. This is an increase from The RMR Group's previous quarterly dividend of $0.40. The ex-dividend date is Friday, April 19th. The RMR Group's dividend payout ratio (DPR) is presently 46.24%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of The RMR Group by 2,724.2% during the fourth quarter. International Assets Investment Management LLC now owns 932 shares of the financial services provider's stock valued at $26,000 after buying an additional 899 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in The RMR Group in the 2nd quarter valued at $34,000. Tower Research Capital LLC TRC lifted its stake in The RMR Group by 930.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,226 shares of the financial services provider's stock worth $32,000 after purchasing an additional 1,107 shares in the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in shares of The RMR Group during the 3rd quarter valued at about $30,000. Finally, Householder Group Estate & Retirement Specialist LLC bought a new position in shares of The RMR Group during the 3rd quarter valued at about $38,000. 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.