The RMR Group (NASDAQ:RMR) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of The RMR Group (NASDAQ:RMR) from a hold rating to a buy rating in a research note released on Sunday morning.

The RMR Group Stock Performance

NASDAQ:RMR opened at $17.25 on Friday. The company has a fifty day moving average of $18.67 and a 200-day moving average of $21.79. The firm has a market capitalization of $549.34 million, a P/E ratio of 12.97 and a beta of 1.19. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.10. The RMR Group has a twelve month low of $16.89 and a twelve month high of $26.43.

The RMR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.80 dividend on an annualized basis and a yield of 10.43%. The RMR Group’s dividend payout ratio (DPR) is presently 135.34%.

Institutional Trading of The RMR Group

Institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in shares of The RMR Group in the 4th quarter worth $63,000. Meeder Asset Management Inc. grew its stake in shares of The RMR Group by 18.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 3,177 shares of the financial services provider’s stock worth $81,000 after acquiring an additional 500 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of The RMR Group by 15.3% in the 4th quarter. SG Americas Securities LLC now owns 6,832 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 908 shares in 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 worth $167,000 after buying an additional 5,800 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in The RMR Group by 27.9% during the fourth quarter. Wells Fargo & Company MN now owns 9,205 shares of the financial services provider’s stock valued at $190,000 after buying an additional 2,010 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.