Renaissance Technologies LLC Raises Holdings in The RMR Group Inc. (NASDAQ:RMR)

Renaissance Technologies LLC increased its position in shares of The RMR Group Inc. (NASDAQ:RMR - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 487,214 shares of the financial services provider's stock after purchasing an additional 22,300 shares during the period. Renaissance Technologies LLC owned 1.53% of The RMR Group worth $10,056,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of The RMR Group by 13.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,496 shares of the financial services provider's stock valued at $926,000 after purchasing an additional 4,390 shares during the last quarter. Barclays PLC raised its holdings in The RMR Group by 55.6% in the 3rd quarter. Barclays PLC now owns 50,674 shares of the financial services provider's stock valued at $1,286,000 after buying an additional 18,100 shares during the period. Franklin Resources Inc. lifted its position in The RMR Group by 12.9% in the third quarter. Franklin Resources Inc. now owns 24,838 shares of the financial services provider's stock valued at $625,000 after buying an additional 2,831 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in The RMR Group by 36.6% during the third quarter. JPMorgan Chase & Co. now owns 112,982 shares of the financial services provider's stock worth $2,867,000 after buying an additional 30,258 shares during the period. Finally, CWA Asset Management Group LLC increased its position in shares of The RMR Group by 160.2% during the fourth quarter. CWA Asset Management Group LLC now owns 48,029 shares of the financial services provider's stock valued at $991,000 after acquiring an additional 29,568 shares during the last quarter. 42.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RMR has been the topic of several recent analyst reports. StockNews.com upgraded shares of The RMR Group from a "hold" rating to a "buy" rating in a report on Tuesday, March 25th. B. Riley initiated coverage on The RMR Group in a research note on Tuesday. They set a "buy" rating and a $24.00 price target on the stock.

The RMR Group Trading Down 2.0 %

NASDAQ RMR traded down $0.30 during trading on Tuesday, hitting $14.66. The stock had a trading volume of 179,998 shares, compared to its average volume of 112,248. The company has a market capitalization of $466.86 million, a PE ratio of 11.02 and a beta of 1.08. The RMR Group Inc. has a twelve month low of $14.34 and a twelve month high of $26.43. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.10. The firm has a 50 day moving average price of $16.85 and a 200 day moving average price of $20.01.

The RMR Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 12.28%. The ex-dividend date of this dividend is Tuesday, April 22nd. The RMR Group's payout ratio is currently 135.34%.

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.