The RMR Group (NASDAQ:RMR) Stock Price Up 0.3%

The RMR Group Inc. (NASDAQ:RMR) shares rose 0.3% on Tuesday . The company traded as high as $23.65 and last traded at $23.59. Approximately 9,939 shares traded hands during trading, a decline of 89% from the average daily volume of 93,327 shares. The stock had previously closed at $23.53.

Analyst Upgrades and Downgrades

RMR has been the subject of a number of recent analyst reports. StockNews.com lowered shares of The RMR Group from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. TheStreet upgraded shares of The RMR Group from a “c+” rating to a “b-” rating in a research note on Tuesday, January 2nd.

The RMR Group Trading Up 0.9 %

The stock’s 50-day moving average price is $24.55 and its 200-day moving average price is $24.81. The company has a market capitalization of $751.53 million, a P/E ratio of 6.85 and a beta of 1.30.

The RMR Group (NASDAQ:RMR) last posted 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 RMR Group had a net margin of 5.93% and a return on equity of 7.78%. The company had revenue of $261.67 million for the quarter, compared to the consensus estimate of $223.18 million. Sell-side analysts expect 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 declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, January 22nd were given a $0.40 dividend. This is an increase from The RMR Group’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.75%. The ex-dividend date of this dividend was Friday, January 19th. The RMR Group’s dividend payout ratio (DPR) is presently 46.24%.

Institutional Trading of The RMR Group

Large investors have recently modified their holdings of the company. International Assets Investment Management LLC grew its stake in shares of The RMR Group by 2,724.2% in the 4th quarter. International Assets Investment Management LLC now owns 932 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 899 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in shares of The RMR Group in the 3rd quarter worth approximately $30,000. Tower Research Capital LLC TRC grew its stake in shares of The RMR Group by 930.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,226 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 1,107 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of The RMR Group in the 2nd quarter worth approximately $34,000. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of The RMR Group in the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 42.31% of the company’s stock.

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.