Jefferies Financial Group Inc. Invests $671,000 in The RMR Group Inc. $RMR

Jefferies Financial Group Inc. acquired a new stake in The RMR Group Inc. (NASDAQ:RMR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 45,011 shares of the financial services provider’s stock, valued at approximately $671,000. Jefferies Financial Group Inc. owned 0.14% of The RMR Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. NewEdge Advisors LLC lifted its stake in shares of The RMR Group by 313.1% in the first quarter. NewEdge Advisors LLC now owns 1,483 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 1,124 shares during the period. New York State Common Retirement Fund lifted its stake in shares of The RMR Group by 538.5% in the third quarter. New York State Common Retirement Fund now owns 1,660 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,400 shares during the period. Quarry LP acquired a new stake in shares of The RMR Group in the third quarter valued at about $36,000. State of Alaska Department of Revenue acquired a new stake in shares of The RMR Group in the fourth quarter valued at about $41,000. Finally, Strs Ohio acquired a new stake in shares of The RMR Group in the first quarter valued at about $50,000. Institutional investors and hedge funds own 42.31% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on RMR shares. B. Riley Financial reduced their price objective on shares of The RMR Group from $24.00 to $21.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. Weiss Ratings upgraded shares of The RMR Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Finally, Zacks Research upgraded shares of The RMR Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

The RMR Group Trading Down 2.2%

Shares of RMR opened at $19.95 on Friday. The stock has a market cap of $640.26 million, a P/E ratio of 16.49 and a beta of 1.03. The company has a 50-day moving average of $17.60 and a two-hundred day moving average of $16.50. The RMR Group Inc. has a 12-month low of $14.27 and a 12-month high of $20.56.

The RMR Group (NASDAQ:RMR) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The business had revenue of $145.63 million for the quarter, compared to analyst estimates of $171.44 million. The RMR Group had a return on equity of 3.44% and a net margin of 3.23%. As a group, analysts forecast that The RMR Group Inc. will post 0.69 EPS for the current fiscal year.

The RMR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Tuesday, April 21st were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, April 21st. This represents a $1.80 dividend on an annualized basis and a yield of 9.0%. The RMR Group’s payout ratio is presently 148.76%.

About The RMR Group

The RMR Group, Inc (NASDAQ: RMR) is a publicly traded asset management company that specializes in providing comprehensive real estate and investment management services to both public and private entities. Acting as an external manager, RMR offers a range of services encompassing property management, asset management, fund administration, accounting, investor relations and compliance oversight. Its client base includes real estate investment trusts (REITs), real estate operating companies (REOCs), closed-end real estate funds and institutional investors.

Founded in 1986, RMR Group has built a business model centered on recurring fee revenue generated through long-term service agreements with its managed entities.