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 issued to investors on Tuesday morning.

The RMR Group Stock Performance

NASDAQ RMR opened at $16.71 on Tuesday. The firm’s 50 day simple moving average is $18.32 and its 200 day simple moving average is $21.40. The firm has a market capitalization of $532.15 million, a price-to-earnings ratio of 12.56 and a beta of 1.19. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The RMR Group has a 1 year low of $16.61 and a 1 year high of $26.43.

The RMR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were issued 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 dividend yield of 10.77%. The RMR Group’s dividend payout ratio (DPR) is currently 135.34%.

Institutional Trading of The RMR Group

Several large investors have recently bought and sold shares of the business. Franklin Resources Inc. boosted its position in The RMR Group by 12.9% in the third quarter. Franklin Resources Inc. now owns 24,838 shares of the financial services provider’s stock valued at $625,000 after buying an additional 2,831 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of 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 acquiring an additional 4,390 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of 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 acquiring an additional 30,258 shares in the last quarter. Barclays PLC grew its position 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 worth $1,286,000 after acquiring an additional 18,100 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in The RMR Group in the 4th quarter worth about $319,000. 42.31% of the stock is owned by institutional investors and hedge funds.

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.