Shares of The RMR Group Inc. (NASDAQ:RMR - Get Free Report) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $19.79 and traded as low as $19.01. The RMR Group shares last traded at $19.06, with a volume of 55,716 shares.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings cut The RMR Group from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, September 1st. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, The RMR Group has a consensus rating of "Moderate Buy" and a consensus price target of $19.00.
Get Our Latest Stock Report on The RMR Group
The RMR Group Stock Performance
The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.06. The stock has a market cap of $611.44 million, a price-to-earnings ratio of 16.72 and a beta of 1.02. The company has a 50 day simple moving average of $19.79 and a 200 day simple moving average of $18.73.
The RMR Group (NASDAQ:RMR - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). The RMR Group had a net margin of 3.10% and a return on equity of 2.96%. The firm had revenue of $153.51 million for the quarter, compared to analyst estimates of $147.60 million. As a group, equities research analysts forecast that The RMR Group Inc. will post 0.63 EPS for the current year.
The RMR Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, July 20th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 9.4%. The ex-dividend date of this dividend was Monday, July 20th. The RMR Group's dividend payout ratio (DPR) is currently 157.89%.
Institutional Trading of The RMR Group
A number of institutional investors have recently bought and sold shares of RMR. NewEdge Advisors LLC boosted its position in shares of The RMR Group by 139,802.2% during the 2nd quarter. NewEdge Advisors LLC now owns 64,355 shares of the financial services provider's stock valued at $1,321,000 after purchasing an additional 64,309 shares in the last quarter. California State Teachers Retirement System lifted its stake in The RMR Group by 433.5% in the second quarter. California State Teachers Retirement System now owns 4,476 shares of the financial services provider's stock valued at $92,000 after buying an additional 3,637 shares during the period. Triumph Capital Management boosted its holdings in shares of The RMR Group by 117.7% during the 2nd quarter. Triumph Capital Management now owns 3,052 shares of the financial services provider's stock worth $63,000 after buying an additional 1,650 shares in the last quarter. Globeflex Capital L P acquired a new stake in shares of The RMR Group during the 2nd quarter worth approximately $852,000. Finally, Bank of America Corp DE grew its position in shares of The RMR Group by 76.1% during the 1st quarter. Bank of America Corp DE now owns 941,252 shares of the financial services provider's stock worth $14,561,000 after buying an additional 406,888 shares during the period. Institutional investors own 42.31% of the company's stock.
About The RMR Group
(
Get Free Report)
The RMR Group, Inc NASDAQ: RMR is a publicly traded asset management company that specializes in providing comprehensive real estate and investment management services to both public and private entities. Acting as an external manager, RMR offers a range of services encompassing property management, asset management, fund administration, accounting, investor relations and compliance oversight. Its client base includes real estate investment trusts (REITs), real estate operating companies (REOCs), closed-end real estate funds and institutional investors.
Founded in 1986, RMR Group has built a business model centered on recurring fee revenue generated through long-term service agreements with its managed entities.
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