The RMR Group (NASDAQ:RMR) Stock Price Down 0.4%

Shares of The RMR Group Inc. (NASDAQ:RMR - Get Free Report) fell 0.4% during mid-day trading on Wednesday . The company traded as low as $23.18 and last traded at $23.25. 7,508 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 91,803 shares. The stock had previously closed at $23.35.

Analyst Ratings Changes

A number of research firms have recently issued reports on RMR. TheStreet upgraded The RMR Group from a "c+" rating to a "b-" rating in a research note on Tuesday, January 2nd. 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 Trading Down 0.2 %

The business has a 50 day simple moving average of $24.34 and a two-hundred day simple moving average of $24.77. The stock has a market cap of $739.16 million, a price-to-earnings ratio of 6.74 and a beta of 1.30.

The RMR Group (NASDAQ:RMR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.49 earnings per share for the quarter, beating 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 return on equity of 7.78% and a net margin of 5.93%. Research analysts anticipate 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 was paid on Thursday, February 15th. Stockholders of record on Monday, January 22nd were given a $0.40 dividend. This is a positive change from The RMR Group's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, January 19th. This represents a $1.60 annualized dividend and a dividend yield of 6.86%. The RMR Group's dividend payout ratio (DPR) is presently 46.24%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Swiss National Bank lifted its holdings in shares of The RMR Group by 8.0% in the 1st quarter. Swiss National Bank now owns 36,592 shares of the financial services provider's stock worth $1,138,000 after purchasing an additional 2,700 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of The RMR Group by 16.7% in the 1st quarter. Bank of New York Mellon Corp now owns 106,663 shares of the financial services provider's stock worth $3,317,000 after buying an additional 15,225 shares in the last quarter. MetLife Investment Management LLC raised its stake in shares of The RMR Group by 58.7% in the 1st quarter. MetLife Investment Management LLC now owns 7,468 shares of the financial services provider's stock worth $232,000 after buying an additional 2,762 shares in the last quarter. Rhumbline Advisers raised its stake in shares of The RMR Group by 13.7% in the 1st quarter. Rhumbline Advisers now owns 59,204 shares of the financial services provider's stock worth $1,841,000 after buying an additional 7,138 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of The RMR Group by 0.4% in the 1st quarter. BlackRock Inc. now owns 1,325,799 shares of the financial services provider's stock worth $41,232,000 after buying an additional 4,845 shares in the last quarter. Institutional investors and hedge funds 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.