The RMR Group (NASDAQ:RMR) Shares Up 0.5%

The RMR Group Inc. (NASDAQ:RMR - Get Free Report) shares traded up 0.5% during mid-day trading on Tuesday . The stock traded as high as $24.29 and last traded at $24.23. 8,566 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 90,060 shares. The stock had previously closed at $24.11.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. JMP Securities assumed coverage on shares of The RMR Group in a report on Friday, April 19th. They issued a "market perform" rating for the company. StockNews.com lowered shares of The RMR Group from a "buy" rating to a "hold" rating in a report on Thursday, February 8th.

The RMR Group Stock Down 1.2 %

The stock's 50-day simple moving average is $23.56 and its 200 day simple moving average is $24.65. The company has a market cap of $755.33 million, a price-to-earnings ratio of 6.88 and a beta of 1.29.

The RMR Group (NASDAQ:RMR - Get Free Report) last issued its quarterly 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 business had revenue of $261.67 million for the quarter, compared to analysts' expectations of $223.18 million. The RMR Group had a net margin of 5.93% and a return on equity of 7.78%. On average, sell-side analysts expect that The RMR Group Inc. will post 1.92 EPS for the current fiscal year.

The RMR Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 22nd will be issued a $0.45 dividend. This is a boost from The RMR Group's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, April 19th. This represents a $1.80 annualized dividend and a yield of 7.56%. The RMR Group's dividend payout ratio (DPR) is 52.02%.

Hedge Funds Weigh In On The RMR Group

Hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its stake in 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 valued at $26,000 after purchasing an additional 899 shares during the last quarter. Asset Management One Co. Ltd. purchased a new position in The RMR Group in the third quarter valued at approximately $56,000. Meeder Asset Management Inc. purchased a new position in shares of The RMR Group during the fourth quarter worth approximately $62,000. Tower Research Capital LLC TRC grew its position in shares of 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 worth $87,000 after acquiring an additional 1,482 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in shares of 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 worth $103,000 after acquiring an additional 3,303 shares during the last quarter. 42.31% of the stock is currently owned by hedge funds and other 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.