The RMR Group Inc. (NASDAQ:RMR) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd lowered its holdings in The RMR Group Inc. (NASDAQ:RMR) by 45.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,827 shares of the financial services provider’s stock after selling 8,314 shares during the period. Quadrature Capital Ltd’s holdings in The RMR Group were worth $278,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. International Assets Investment Management LLC lifted its position in The RMR Group by 2,724.2% during the fourth quarter. International Assets Investment Management LLC now owns 932 shares of the financial services provider’s stock valued at $26,000 after buying an additional 899 shares in the last quarter. Meeder Asset Management Inc. bought a new position in The RMR Group in the fourth quarter worth about $62,000. Tower Research Capital LLC TRC lifted 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 worth $87,000 after purchasing an additional 1,482 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in The RMR Group by 912.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,665 shares of the financial services provider’s stock valued at $103,000 after buying an additional 3,303 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of The RMR Group by 26.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,217 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 874 shares in the last quarter. Institutional investors and hedge funds own 42.31% of the company’s stock.

Analysts Set New Price Targets

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

The RMR Group Stock Performance

Shares of RMR stock opened at $22.87 on Wednesday. The firm has a market capitalization of $725.69 million, a price-to-earnings ratio of 8.50 and a beta of 1.24. The firm’s 50 day moving average is $23.37 and its 200-day moving average is $24.59. The RMR Group Inc. has a 1 year low of $21.60 and a 1 year high of $28.82.

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

The RMR Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd were paid a $0.45 dividend. The ex-dividend date was Friday, April 19th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.87%. This is an increase from The RMR Group’s previous quarterly dividend of $0.40. The RMR Group’s dividend payout ratio is 66.91%.

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.