The RMR Group (NASDAQ:RMR) Shares Down 1.5%

Shares of The RMR Group Inc. (NASDAQ:RMR - Get Free Report) traded down 1.5% during trading on Friday . The company traded as low as $22.50 and last traded at $22.55. 34,036 shares were traded during trading, a decline of 62% from the average session volume of 89,164 shares. The stock had previously closed at $22.89.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. StockNews.com lowered The RMR Group from a "buy" rating to a "hold" rating in a research note on Thursday, February 8th. TheStreet raised The RMR Group from a "c+" rating to a "b-" rating in a research note on Tuesday, January 2nd. Finally, JMP Securities assumed coverage on The RMR Group in a research note on Friday. They set a "market perform" rating on the stock.

The RMR Group Stock Down 3.3 %

The stock has a 50 day moving average of $23.85 and a 200 day moving average of $24.67. The company has a market capitalization of $715.67 million, a price-to-earnings ratio of 6.52 and a beta of 1.30.

The RMR Group (NASDAQ:RMR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. The company had revenue of $261.67 million for 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%. As a group, sell-side analysts anticipate that The RMR Group Inc. will post 1.92 EPS for the current fiscal year.

The RMR Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 22nd will be paid a $0.45 dividend. This is a positive change from The RMR Group's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.98%. The ex-dividend date of this dividend is Friday, April 19th. The RMR Group's payout ratio is currently 52.02%.

Institutional Investors Weigh In On The RMR Group

Hedge funds have recently added to or reduced their stakes in the business. Swiss National Bank increased its holdings in The RMR Group by 2.1% in the third quarter. Swiss National Bank now owns 34,392 shares of the financial services provider's stock worth $843,000 after purchasing an additional 700 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in The RMR Group by 153.7% in the third quarter. Los Angeles Capital Management LLC now owns 47,861 shares of the financial services provider's stock worth $1,174,000 after purchasing an additional 28,994 shares in the last quarter. Asset Management One Co. Ltd. bought a new stake in The RMR Group in the third quarter worth approximately $56,000. Alps Advisors Inc. bought a new stake in The RMR Group in the third quarter worth approximately $337,000. Finally, Vanguard Group Inc. increased its holdings in The RMR Group by 0.6% in the third quarter. Vanguard Group Inc. now owns 2,275,399 shares of the financial services provider's stock worth $55,793,000 after purchasing an additional 14,559 shares in the last quarter. 42.31% of the stock is currently owned by 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.