The RMR Group (NASDAQ:RMR) Trading 1.9% Higher

The RMR Group Inc. (NASDAQ:RMR - Get Free Report) traded up 1.9% on Monday . The stock traded as high as $24.11 and last traded at $23.97. 30,288 shares traded hands during trading, a decline of 66% from the average session volume of 89,506 shares. The stock had previously closed at $23.53.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. JMP Securities assumed coverage on The RMR Group in a report on Friday, April 19th. They set a "market perform" rating for the company. StockNews.com lowered The RMR Group from a "buy" rating to a "hold" rating in a report on Thursday, February 8th. Finally, TheStreet raised The RMR Group from a "c+" rating to a "b-" rating in a report on Tuesday, January 2nd.

The RMR Group Stock Up 2.0 %

The stock has a market cap of $761.04 million, a PE ratio of 6.93 and a beta of 1.30. The firm has a 50-day simple moving average of $23.61 and a 200-day simple moving average of $24.64.

The RMR Group (NASDAQ:RMR - Get Free Report) last posted its earnings results on Wednesday, February 7th. The financial services provider reported $0.49 earnings per share (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 return on equity of 7.78% and a net margin of 5.93%. On average, research analysts expect that The RMR Group Inc. will post 1.92 earnings per share for the current year.

The RMR Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be given a dividend of $0.45 per share. The ex-dividend date is Friday, April 19th. This represents a $1.80 annualized dividend and a dividend yield of 7.50%. This is an increase from The RMR Group's previous quarterly dividend of $0.40. The RMR Group's dividend payout ratio is currently 52.02%.

Institutional Investors Weigh In On The RMR Group

A number of institutional investors and hedge funds have recently made changes to their positions in RMR. International Assets Investment Management LLC raised its position in shares of The RMR Group by 2,724.2% in the fourth quarter. International Assets Investment Management LLC now owns 932 shares of the financial services provider's stock worth $26,000 after buying an additional 899 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in The RMR Group during the third quarter valued at about $56,000. Meeder Asset Management Inc. purchased a new stake in The RMR Group during the fourth quarter valued at about $62,000. Tower Research Capital LLC TRC raised its position in The RMR Group by 92.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the financial services provider's stock valued at $87,000 after purchasing an additional 1,482 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in The RMR Group by 912.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 3,665 shares of the financial services provider's stock valued at $103,000 after purchasing an additional 3,303 shares in the last quarter. Hedge funds and other institutional investors own 42.31% of the company's stock.

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.