The RMR Group Inc. (NASDAQ:RMR - Get Free Report) fell 1.2% during trading on Friday . The company traded as low as $23.59 and last traded at $23.64. 21,171 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 90,469 shares. The stock had previously closed at $23.92.
Wall Street Analyst Weigh In
RMR has been the topic of a number of analyst reports. StockNews.com lowered The RMR Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 8th. JMP Securities started coverage on shares of The RMR Group in a report on Friday, April 19th. They set a "market perform" rating on the stock.
Check Out Our Latest Stock Report on RMR
The RMR Group Trading Down 0.5 %
The stock's fifty day moving average price is $23.53 and its 200 day moving average price is $24.64. The stock has a market cap of $754.36 million, a P/E ratio of 6.83 and a beta of 1.29.
The RMR Group (NASDAQ:RMR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. The business had revenue of $261.67 million for the quarter, compared to analyst estimates of $223.18 million. The RMR Group had a net margin of 5.93% and a return on equity of 7.78%. On average, analysts anticipate that The RMR Group Inc. will post 1.92 earnings per share for the current year.
The RMR Group Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, April 19th. This is a positive change from The RMR Group's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 7.57%. The RMR Group's dividend payout ratio (DPR) is 52.02%.
Institutional Trading of The RMR Group
Hedge funds have recently made changes to their positions in the stock. Wasatch Advisors LP raised its stake in shares of The RMR Group by 24.3% in the fourth quarter. Wasatch Advisors LP now owns 365,730 shares of the financial services provider's stock worth $10,325,000 after purchasing an additional 71,549 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of The RMR Group by 203.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 63,048 shares of the financial services provider's stock worth $1,513,000 after acquiring an additional 42,288 shares during the period. Islay Capital Management LLC bought a new position in The RMR Group during the fourth quarter valued at approximately $1,184,000. Charles Schwab Investment Management Inc. boosted its holdings in The RMR Group by 19.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 239,218 shares of the financial services provider's stock worth $6,753,000 after purchasing an additional 39,270 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its stake in The RMR Group by 66.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 79,506 shares of the financial services provider's stock valued at $2,244,000 after buying an additional 31,645 shares during the last quarter. 42.31% of the stock is owned by institutional investors.
About The RMR Group
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider The RMR Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The RMR Group wasn't on the list.
While The RMR Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
