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

StockNews.com upgraded shares of The RMR Group (NASDAQ:RMR) from a hold rating to a buy rating in a report published on Sunday.

The RMR Group Price Performance

Shares of NASDAQ RMR opened at $17.09 on Friday. The RMR Group has a fifty-two week low of $16.89 and a fifty-two week high of $26.43. The stock has a market cap of $544.25 million, a price-to-earnings ratio of 12.85 and a beta of 1.19. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.89. The firm’s 50-day simple moving average is $18.57 and its 200 day simple moving average is $21.68.

The RMR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were given a $0.45 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.80 annualized dividend and a yield of 10.53%. The RMR Group’s payout ratio is 135.34%.

Hedge Funds Weigh In On The RMR Group

Large investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. lifted its position in shares of The RMR Group by 18.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 3,177 shares of the financial services provider’s stock worth $81,000 after buying an additional 500 shares in the last quarter. Martingale Asset Management L P lifted its position in shares of The RMR Group by 1.0% during the 4th quarter. Martingale Asset Management L P now owns 68,911 shares of the financial services provider’s stock worth $1,422,000 after buying an additional 662 shares in the last quarter. Stifel Financial Corp lifted its position in shares of The RMR Group by 1.2% during the 4th quarter. Stifel Financial Corp now owns 66,184 shares of the financial services provider’s stock worth $1,366,000 after buying an additional 771 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of The RMR Group by 2.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 30,102 shares of the financial services provider’s stock worth $764,000 after buying an additional 817 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of The RMR Group by 15.3% during the 4th quarter. SG Americas Securities LLC now owns 6,832 shares of the financial services provider’s stock worth $141,000 after buying an additional 908 shares in the last quarter. 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.