Allspring Global Investments Holdings LLC Cuts Stake in The RMR Group Inc. (NASDAQ:RMR)

Allspring Global Investments Holdings LLC lowered its stake in shares of The RMR Group Inc. (NASDAQ:RMR) by 16.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,760 shares of the financial services provider’s stock after selling 4,073 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.07% of The RMR Group worth $586,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in The RMR Group by 2,724.2% during the 4th quarter. International Assets Investment Management LLC now owns 932 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 899 shares during the period. Asset Management One Co. Ltd. bought a new stake in shares of The RMR Group during the 3rd quarter valued at $56,000. Meeder Asset Management Inc. purchased a new stake in The RMR Group during the 4th quarter worth about $62,000. SG Americas Securities LLC bought a new position in The RMR Group in the 4th quarter worth about $155,000. Finally, Meixler Investment Management Ltd. purchased a new position in The RMR Group during the 3rd quarter valued at about $228,000. Hedge funds and other institutional investors own 42.31% of the company’s stock.

The RMR Group Stock Up 0.6 %

NASDAQ:RMR opened at $23.11 on Friday. The firm has a market capitalization of $732.82 million, a P/E ratio of 6.68 and a beta of 1.30. The company has a fifty day moving average of $23.63 and a 200 day moving average of $24.63. The RMR Group Inc. has a 52 week low of $20.79 and a 52 week high of $28.82.

The RMR Group (NASDAQ:RMR) last issued its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. The RMR Group had a return on equity of 7.78% and a net margin of 5.93%. The firm had revenue of $261.67 million for the quarter, compared to analyst estimates of $223.18 million. As a group, analysts anticipate that The RMR Group Inc. will post 1.92 EPS for the current year.

The RMR Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 22nd will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 7.79%. This is a boost from The RMR Group’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, April 19th. The RMR Group’s dividend payout ratio is presently 52.02%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RMR. TheStreet upgraded shares of The RMR Group from a “c+” rating to a “b-” rating in a research report on Tuesday, January 2nd. StockNews.com downgraded shares of The RMR Group from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Finally, JMP Securities began coverage on shares of The RMR Group in a report on Friday, April 19th. They issued a “market perform” rating on the 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.