Islay Capital Management LLC acquired a new stake in The RMR Group Inc. (NASDAQ:RMR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 41,949 shares of the financial services provider's stock, valued at approximately $1,184,000. Islay Capital Management LLC owned approximately 0.13% of The RMR Group at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its position in shares of The RMR Group by 2,724.2% during the 4th quarter. International Assets Investment Management LLC now owns 932 shares of the financial services provider's stock worth $26,000 after buying an additional 899 shares during the period. Asset Management One Co. Ltd. acquired a new stake in shares of The RMR Group during the 3rd quarter worth approximately $56,000. Meeder Asset Management Inc. acquired a new stake in shares of The RMR Group during the 4th quarter worth approximately $62,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of The RMR Group by 26.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,217 shares of the financial services provider's stock worth $119,000 after buying an additional 874 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of The RMR Group during the 4th quarter worth approximately $155,000. Institutional investors and hedge funds own 42.31% of the company's stock.
The RMR Group Price Performance
RMR traded down $0.28 during trading on Tuesday, reaching $23.72. The company had a trading volume of 141,646 shares, compared to its average volume of 91,087. The RMR Group Inc. has a 12 month low of $20.79 and a 12 month high of $28.82. The business's fifty day moving average price is $23.59 and its 200 day moving average price is $24.64. The company has a market cap of $752.16 million, a P/E ratio of 6.89 and a beta of 1.30.
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 for the quarter, beating analysts' consensus estimates 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 firm had revenue of $261.67 million for the quarter, compared to analyst estimates of $223.18 million. As a group, sell-side analysts predict that The RMR Group Inc. will post 1.92 EPS 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 issued a $0.45 dividend. The ex-dividend date is Friday, April 19th. This is an increase 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 7.59%. The RMR Group's dividend payout ratio (DPR) is 52.02%.
Analysts Set New Price Targets
Several equities research analysts have recently commented on RMR shares. StockNews.com cut shares of The RMR Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 8th. TheStreet raised shares of The RMR Group from a "c+" rating to a "b-" rating in a research note on Tuesday, January 2nd. Finally, JMP Securities started coverage on shares of The RMR Group in a research note on Friday, April 19th. They set a "market perform" rating on the stock.
Get Our Latest Stock Report on The RMR Group
About The RMR Group
(
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.
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