The RMR Group (NASDAQ:RMR) Trading Down 2.4%

The RMR Group Inc. (NASDAQ:RMR - Get Free Report)'s share price dropped 2.4% during trading on Wednesday . The stock traded as low as $23.01 and last traded at $23.16. Approximately 29,087 shares traded hands during trading, a decline of 67% from the average daily volume of 89,284 shares. The stock had previously closed at $23.73.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on RMR shares. StockNews.com lowered shares of 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 research report on Tuesday, January 2nd.

The RMR Group Stock Performance

The company has a 50 day simple moving average of $24.11 and a two-hundred day simple moving average of $24.72. The firm has a market cap of $735.33 million, a PE ratio of 6.67 and a beta of 1.30.

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 the consensus estimate of $0.45 by $0.04. The RMR Group had a net margin of 5.93% and a return on equity of 7.78%. The business had revenue of $261.67 million for the quarter, compared to the consensus estimate of $223.18 million. As a group, research analysts predict that The RMR Group Inc. will post 1.92 earnings per share 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 issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.90%. This is a positive change from The RMR Group's previous quarterly dividend of $0.30. The ex-dividend date was Friday, January 19th. The RMR Group's payout ratio is 46.24%.

Hedge Funds Weigh In On The RMR Group

Several institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC grew 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 valued at $26,000 after purchasing an additional 899 shares during the period. Teachers Retirement System of The State of Kentucky purchased a new position in shares of The RMR Group in the third quarter valued at approximately $30,000. Tower Research Capital LLC TRC lifted its position in shares of The RMR Group by 930.3% in the first quarter. Tower Research Capital LLC TRC now owns 1,226 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 1,107 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of The RMR Group in the second quarter worth approximately $34,000. Finally, Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of The RMR Group during the third quarter worth $38,000. 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.