Aviance Capital Partners LLC Invests $395,000 in The RMR Group Inc. (NASDAQ:RMR)

Aviance Capital Partners LLC acquired a new position in The RMR Group Inc. (NASDAQ:RMR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 19,129 shares of the financial services provider’s stock, valued at approximately $395,000. Aviance Capital Partners LLC owned 0.06% of The RMR Group as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. raised its stake in The RMR Group by 12.9% during the 3rd quarter. Franklin Resources Inc. now owns 24,838 shares of the financial services provider’s stock valued at $625,000 after purchasing an additional 2,831 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in The RMR Group by 13.7% during 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 period. JPMorgan Chase & Co. raised its stake in The RMR Group by 36.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 112,982 shares of the financial services provider’s stock valued at $2,867,000 after purchasing an additional 30,258 shares during the period. Barclays PLC raised its stake in The RMR Group by 55.6% during the 3rd quarter. Barclays PLC now owns 50,674 shares of the financial services provider’s stock valued at $1,286,000 after purchasing an additional 18,100 shares during the period. Finally, CWA Asset Management Group LLC raised its stake in The RMR Group by 160.2% during the 4th quarter. CWA Asset Management Group LLC now owns 48,029 shares of the financial services provider’s stock valued at $991,000 after purchasing an additional 29,568 shares during the period. Institutional investors own 42.31% of the company’s stock.

The RMR Group Stock Performance

NASDAQ:RMR opened at $18.81 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.89 and a quick ratio of 0.89. The RMR Group Inc. has a 1 year low of $17.75 and a 1 year high of $26.43. The stock’s 50 day simple moving average is $18.96 and its two-hundred day simple moving average is $22.09. The company has a market cap of $599.02 million, a price-to-earnings ratio of 14.14 and a beta of 1.24.

The RMR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 9.57%. The ex-dividend date of this dividend was Monday, January 27th. The RMR Group’s payout ratio is 135.34%.

Analyst Ratings Changes

Separately, StockNews.com downgraded The RMR Group from a “buy” rating to a “hold” rating in a research note on Saturday.

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.