The RMR Group Inc. (NASDAQ:RMR) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. cut its holdings in shares of The RMR Group Inc. (NASDAQ:RMR) by 3.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 77,332 shares of the financial services provider’s stock after selling 3,086 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in The RMR Group were worth $1,856,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. International Assets Investment Management LLC increased its holdings 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 valued at $26,000 after acquiring an additional 899 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of The RMR Group in the 4th quarter valued at approximately $62,000. Tower Research Capital LLC TRC increased its holdings in shares of The RMR Group by 92.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 1,482 shares during the last quarter. Covestor Ltd increased its holdings in shares of The RMR Group by 44.3% in the 1st quarter. Covestor Ltd now owns 3,940 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 1,210 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of The RMR Group by 912.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 3,665 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 3,303 shares during the last quarter. 42.31% of the stock is currently owned by hedge funds and other institutional investors.

The RMR Group Stock Performance

Shares of RMR stock opened at $25.94 on Thursday. The RMR Group Inc. has a 1 year low of $21.60 and a 1 year high of $28.82. The stock has a fifty day moving average of $23.66 and a two-hundred day moving average of $24.03. The firm has a market capitalization of $823.08 million, a PE ratio of 9.64 and a beta of 1.27.

The RMR Group (NASDAQ:RMR) last announced its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The RMR Group had a return on equity of 7.35% and a net margin of 4.59%. The business had revenue of $217.75 million for the quarter, compared to analyst estimates of $238.20 million. Equities research analysts predict that The RMR Group Inc. will post 1.67 earnings per share for the current fiscal year.

The RMR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, July 22nd will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, July 22nd. This represents a $1.80 annualized dividend and a dividend yield of 6.94%. The RMR Group’s dividend payout ratio (DPR) is 66.91%.

Analyst Ratings Changes

RMR has been the subject of a number of research analyst reports. JMP Securities initiated coverage on The RMR Group in a report on Friday, April 19th. They issued a “market perform” rating for the company. B. Riley reduced their price objective on The RMR Group from $35.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th.

The RMR Group Profile

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.