Short Interest in The RMR Group Inc. (NASDAQ:RMR) Drops By 33.2%

The RMR Group Inc. (NASDAQ:RMR) saw a significant drop in short interest in November. As of November 15th, there was short interest totalling 140,200 shares, a drop of 33.2% from the October 31st total of 209,900 shares. Based on an average trading volume of 70,900 shares, the short-interest ratio is currently 2.0 days. Approximately 1.0% of the company’s stock are short sold.

The RMR Group Stock Up 0.2 %

Shares of The RMR Group stock traded up $0.04 during trading hours on Friday, hitting $22.20. 59,389 shares of the company’s stock traded hands, compared to its average volume of 85,513. The stock has a 50 day simple moving average of $24.10 and a 200-day simple moving average of $24.11. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.10. The company has a market cap of $707.07 million, a PE ratio of 16.32 and a beta of 1.26. The RMR Group has a twelve month low of $21.46 and a twelve month high of $28.82.

The RMR Group (NASDAQ:RMR) last issued its quarterly earnings results on Monday, November 11th. The financial services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.04). The RMR Group had a return on equity of 6.40% and a net margin of 2.57%. The company had revenue of $212.30 million for the quarter, compared to the consensus estimate of $220.15 million. During the same period in the previous year, the business posted $0.48 EPS. Equities research analysts anticipate that The RMR Group will post 1.42 earnings per share for the current fiscal year.

The RMR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were issued a $0.45 dividend. The ex-dividend date was Monday, October 28th. This represents a $1.80 dividend on an annualized basis and a yield of 8.11%. The RMR Group’s dividend payout ratio is currently 132.35%.

Hedge Funds Weigh In On The RMR Group

Large investors have recently bought and sold shares of the business. International Assets Investment Management LLC increased its stake in shares of The RMR Group by 2,439.0% in the third quarter. International Assets Investment Management LLC now owns 1,041 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,000 shares during the period. Meeder Asset Management Inc. increased its stake in shares of The RMR Group by 327.6% during the second quarter. Meeder Asset Management Inc. now owns 2,677 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 2,051 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of The RMR Group by 56.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,595 shares of the financial services provider’s stock valued at $149,000 after acquiring an additional 2,378 shares during the period. SG Americas Securities LLC acquired a new position in shares of The RMR Group during the third quarter valued at approximately $150,000. Finally, Public Employees Retirement System of Ohio increased its stake in shares of The RMR Group by 75.9% during the first quarter. Public Employees Retirement System of Ohio now owns 6,445 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 2,780 shares during the period. Institutional investors own 42.31% of the company’s stock.

The RMR Group Company 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.