The RMR Group (NASDAQ:RMR) Stock Price Down 0.2%

The RMR Group Inc. (NASDAQ:RMR - Get Free Report)'s stock price traded down 0.2% during mid-day trading on Tuesday . The company traded as low as $23.49 and last traded at $23.49. 6,856 shares changed hands during trading, a decline of 92% from the average session volume of 89,623 shares. The stock had previously closed at $23.53.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. StockNews.com downgraded The RMR Group from a "buy" rating to a "hold" rating in a report on Thursday, February 8th. 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 0.8 %

The business has a fifty day simple moving average of $24.11 and a two-hundred day simple moving average of $24.72. The company has a market cap of $752.48 million, a P/E ratio of 6.86 and a beta of 1.30.

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 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 company had revenue of $261.67 million for the quarter, compared to the consensus estimate of $223.18 million. On average, equities analysts predict 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. Shareholders of record on Monday, January 22nd were issued a $0.40 dividend. This is an increase 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 dividend on an annualized basis and a yield of 6.74%. The RMR Group's dividend payout ratio is currently 46.24%.

Institutional Trading of The RMR Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Los Angeles Capital Management LLC increased its position in The RMR Group by 29.3% in the first quarter. Los Angeles Capital Management LLC now owns 102,827 shares of the financial services provider's stock worth $2,468,000 after buying an additional 23,321 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of The RMR Group by 22.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,616 shares of the financial services provider's stock worth $554,000 after purchasing an additional 3,593 shares in the last quarter. 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 purchasing an additional 3,303 shares in the last quarter. Barclays PLC grew its position in shares of The RMR Group by 49.5% during the fourth quarter. Barclays PLC now owns 55,526 shares of the financial services provider's stock worth $1,567,000 after purchasing an additional 18,376 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its position in shares of The RMR Group by 9.6% during the fourth quarter. Nuveen Asset Management LLC now owns 214,598 shares of the financial services provider's stock worth $6,058,000 after purchasing an additional 18,767 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.