The RMR Group (NASDAQ:RMR) Trading Up 0%

The RMR Group Inc. (NASDAQ:RMR - Get Free Report) shot up 0% on Thursday . The stock traded as high as $24.17 and last traded at $24.06. 11,622 shares were traded during trading, a decline of 87% from the average session volume of 90,299 shares. The stock had previously closed at $24.05.

Wall Street Analyst Weigh In

Several brokerages have weighed in on RMR. JMP Securities began coverage on The RMR Group in a report on Friday, April 19th. They set a "market perform" rating on the stock. StockNews.com downgraded The RMR Group from a "buy" rating to a "hold" rating in a report on Thursday, February 8th.

The RMR Group Trading Up 0.5 %

The company has a market cap of $766.43 million, a PE ratio of 6.99 and a beta of 1.29. The company has a fifty day simple moving average of $23.57 and a two-hundred day simple moving average of $24.63.

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 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. The RMR Group had a return on equity of 7.78% and a net margin of 5.93%. The business had revenue of $261.67 million for the quarter, compared to the consensus estimate of $223.18 million. On average, research analysts anticipate that The RMR Group Inc. will post 1.92 EPS for the current fiscal year.

The RMR Group Increases Dividend

The firm 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 $0.45 dividend. The ex-dividend date of this dividend is Friday, April 19th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.45%. This is an increase from The RMR Group's previous quarterly dividend of $0.40. The RMR Group's dividend payout ratio is presently 52.02%.

Institutional Trading of The RMR Group

A number of large investors have recently made changes to their positions in RMR. Wasatch Advisors LP boosted its position in shares of The RMR Group by 24.3% in the 4th quarter. Wasatch Advisors LP now owns 365,730 shares of the financial services provider's stock valued at $10,325,000 after purchasing an additional 71,549 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of The RMR Group by 203.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 63,048 shares of the financial services provider's stock valued at $1,513,000 after purchasing an additional 42,288 shares during the period. Islay Capital Management LLC acquired a new stake in shares of The RMR Group in the 4th quarter valued at about $1,184,000. Charles Schwab Investment Management Inc. boosted its position in shares of The RMR Group by 19.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 239,218 shares of the financial services provider's stock valued at $6,753,000 after purchasing an additional 39,270 shares during the period. Finally, Los Angeles Capital Management LLC boosted its position in shares of The RMR Group by 66.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 79,506 shares of the financial services provider's stock valued at $2,244,000 after purchasing an additional 31,645 shares during the period. 42.31% of the stock is owned by institutional investors and hedge funds.

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.