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

The RMR Group Inc. (NASDAQ:RMR - Get Free Report)'s share price dropped 0.2% during trading on Tuesday . The company traded as low as $23.71 and last traded at $23.94. Approximately 23,931 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 89,631 shares. The stock had previously closed at $24.00.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. JMP Securities initiated coverage on The RMR Group in a research report on Friday, April 19th. They issued a "market perform" rating for the company. StockNews.com cut shares of The RMR Group from a "buy" rating to a "hold" rating in a report on Thursday, February 8th. Finally, TheStreet upgraded shares of The RMR Group from a "c+" rating to a "b-" rating in a report on Tuesday, January 2nd.

The RMR Group Stock Down 1.2 %

The firm has a market cap of $752.16 million, a PE ratio of 6.86 and a beta of 1.30. The firm's fifty day simple moving average is $23.58 and its two-hundred day simple moving average is $24.64.

The RMR Group (NASDAQ:RMR - Get Free Report) last announced 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 firm had revenue of $261.67 million for the quarter, compared to the consensus estimate of $223.18 million. The RMR Group had a net margin of 5.93% and a return on equity of 7.78%. As a group, analysts anticipate that The RMR Group Inc. will post 1.92 earnings per share for the current fiscal year.

The RMR Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.59%. This is an increase from The RMR Group's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, April 19th. The RMR Group's payout ratio is presently 52.02%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RMR. BayBridge Capital Group LLC purchased a new position in The RMR Group during the first quarter valued at $411,000. Simplicity Wealth LLC bought a new position in shares of The RMR Group during the 1st quarter valued at about $357,000. Allspring Global Investments Holdings LLC grew its position in shares of The RMR Group by 203.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 63,048 shares of the financial services provider's stock valued at $1,513,000 after purchasing an additional 42,288 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of 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 purchasing an additional 23,321 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of The RMR Group by 912.4% in 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 during the last quarter. 42.31% of the stock is owned by hedge funds and other institutional investors.

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.