The RMR Group (NASDAQ:RMR) Shares Up 0.1%

Shares of The RMR Group Inc. (NASDAQ:RMR - Get Free Report) were up 0.1% on Monday . The company traded as high as $22.72 and last traded at $22.60. Approximately 14,463 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 89,547 shares. The stock had previously closed at $22.57.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on RMR shares. TheStreet upgraded shares of The RMR Group from a "c+" rating to a "b-" rating in a research note on Tuesday, January 2nd. JMP Securities assumed coverage on shares of The RMR Group in a research report on Friday. They issued a "market perform" rating on the stock. Finally, StockNews.com lowered 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 company has a market cap of $724.26 million, a P/E ratio of 6.53 and a beta of 1.30. The firm's fifty day moving average is $23.79 and its two-hundred day moving average is $24.67.

The RMR Group (NASDAQ:RMR - Get Free Report) last issued its earnings results 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 firm had revenue of $261.67 million during the quarter, compared to analyst estimates of $223.18 million. The RMR Group had a net margin of 5.93% and a return on equity of 7.78%. On average, equities research analysts expect 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 will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 7.88%. This is a boost 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 is 52.02%.

Institutional Investors Weigh In On The RMR Group

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of The RMR Group by 0.6% in the third quarter. Vanguard Group Inc. now owns 2,275,399 shares of the financial services provider's stock valued at $55,793,000 after acquiring an additional 14,559 shares during the period. Wasatch Advisors LP boosted its position in shares of The RMR Group by 24.3% during the fourth quarter. Wasatch Advisors LP now owns 365,730 shares of the financial services provider's stock valued at $10,325,000 after buying an additional 71,549 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of The RMR Group by 19.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 239,218 shares of the financial services provider's stock valued at $6,753,000 after buying an additional 39,270 shares during the last quarter. UBS Group AG raised its holdings in shares of The RMR Group by 2.0% in the fourth quarter. UBS Group AG now owns 218,180 shares of the financial services provider's stock worth $6,159,000 after buying an additional 4,282 shares during the period. Finally, Los Angeles Capital Management LLC lifted its stake in shares of The RMR Group by 29.3% during the 1st quarter. Los Angeles Capital Management LLC now owns 102,827 shares of the financial services provider's stock worth $2,468,000 after acquiring an additional 23,321 shares during the last quarter. 42.31% of the stock is 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.