The RMR Group (NASDAQ:RMR) Reaches New 1-Year Low – Here’s Why

The RMR Group Inc. (NASDAQ:RMR)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $16.76 and last traded at $16.86, with a volume of 49266 shares trading hands. The stock had previously closed at $17.05.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of The RMR Group from a “hold” rating to a “buy” rating in a report on Sunday, March 16th.

The RMR Group Stock Down 0.9 %

The stock has a market capitalization of $537.88 million, a P/E ratio of 12.70 and a beta of 1.19. 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 stock’s fifty day moving average is $18.43 and its two-hundred day moving average is $21.53.

The RMR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 10.66%. The ex-dividend date was Monday, January 27th. The RMR Group’s payout ratio is 135.34%.

Institutional Trading of The RMR Group

A number of large investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in The RMR Group by 16.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 42,337 shares of the financial services provider’s stock worth $874,000 after purchasing an additional 5,841 shares during the period. Millennium Management LLC boosted its stake in The RMR Group by 182.2% in the 4th quarter. Millennium Management LLC now owns 108,619 shares of the financial services provider’s stock worth $2,242,000 after purchasing an additional 70,127 shares during the period. Lazard Asset Management LLC boosted its stake in The RMR Group by 45.2% in the 4th quarter. Lazard Asset Management LLC now owns 21,125 shares of the financial services provider’s stock worth $436,000 after purchasing an additional 6,578 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in The RMR Group by 5.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 56,987 shares of the financial services provider’s stock worth $1,176,000 after purchasing an additional 3,079 shares during the period. Finally, Deutsche Bank AG boosted its stake in The RMR Group by 140.1% in the 4th quarter. Deutsche Bank AG now owns 13,515 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 7,885 shares during the period. 42.31% of the stock is currently owned by institutional investors.

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.