The RMR Group (NASDAQ:RMR) Sets New 1-Year Low – What’s Next?

The RMR Group Inc. (NASDAQ:RMR)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $16.56 and last traded at $16.57, with a volume of 23216 shares trading hands. The stock had previously closed at $16.96.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of The RMR Group from a “hold” rating to a “buy” rating in a research note on Tuesday.

The RMR Group Trading Down 1.7 %

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 company has a market capitalization of $530.71 million, a price-to-earnings ratio of 12.53 and a beta of 1.19. The business’s 50-day moving average price is $18.27 and its two-hundred day moving average price is $21.37.

The RMR Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors 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 10.80%. The ex-dividend date of this dividend was Monday, January 27th. The RMR Group’s dividend payout ratio (DPR) is presently 135.34%.

Institutional Investors Weigh In On The RMR Group

Large investors have recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in shares of The RMR Group during the 4th quarter worth approximately $63,000. SG Americas Securities LLC lifted its stake in The RMR Group by 15.3% during the fourth quarter. SG Americas Securities LLC now owns 6,832 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 908 shares during the last quarter. Aquatic Capital Management LLC boosted its holdings in shares of The RMR Group by 252.2% in the 4th quarter. Aquatic Capital Management LLC now owns 8,100 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 5,800 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of The RMR Group by 27.9% in the 4th quarter. Wells Fargo & Company MN now owns 9,205 shares of the financial services provider’s stock valued at $190,000 after purchasing an additional 2,010 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of The RMR Group by 77.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,100 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 5,294 shares during the last quarter. 42.31% of the stock is currently owned by institutional investors and hedge funds.

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.