The RMR Group (NASDAQ:RMR) Major Shareholder Tremont Realty Capital Llc Acquires 2,015,748 Shares of Stock

The RMR Group Inc. (NASDAQ:RMR) major shareholder Tremont Realty Capital Llc bought 2,015,748 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were purchased at an average price of $8.65 per share, for a total transaction of $17,436,220.20. Following the transaction, the insider directly owned 4,577,835 shares of the company’s stock, valued at approximately $39,598,272.75. This represents a 78.68% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

The RMR Group Stock Up 1.9%

Shares of NASDAQ RMR opened at $15.73 on Friday. The business has a 50-day moving average price of $15.21 and a 200 day moving average price of $16.02. The stock has a market cap of $504.30 million, a PE ratio of 14.98 and a beta of 0.97. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.05. The RMR Group Inc. has a 52-week low of $13.48 and a 52-week high of $22.22.

The RMR Group (NASDAQ:RMR) last released its quarterly earnings results on Wednesday, November 12th. The financial services provider reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $152.23 million for the quarter, compared to analyst estimates of $210.10 million. The RMR Group had a return on equity of 4.60% and a net margin of 2.48%. Equities research analysts forecast that The RMR Group Inc. will post 1.51 earnings per share for the current year.

The RMR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, October 27th were given a $0.45 dividend. The ex-dividend date was Monday, October 27th. This represents a $1.80 annualized dividend and a yield of 11.4%. The RMR Group’s dividend payout ratio is 171.43%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Unison Advisors LLC boosted its stake in shares of The RMR Group by 2.9% during the 2nd quarter. Unison Advisors LLC now owns 23,017 shares of the financial services provider’s stock worth $376,000 after acquiring an additional 649 shares in the last quarter. NewEdge Advisors LLC increased its stake in The RMR Group by 313.1% in the 1st 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 in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of The RMR Group by 12.1% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 11,252 shares of the financial services provider’s stock worth $177,000 after buying an additional 1,212 shares during the last quarter. AlphaQuest LLC lifted its holdings in shares of The RMR Group by 131.3% in the first quarter. AlphaQuest LLC now owns 2,406 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 1,366 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in The RMR Group by 538.5% in the 3rd quarter. New York State Common Retirement Fund now owns 1,660 shares of the financial services provider’s stock valued at $26,000 after buying an additional 1,400 shares in the last quarter. 42.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RMR has been the topic of several research reports. Zacks Research downgraded shares of The RMR Group from a “hold” rating to a “strong sell” rating in a research report on Monday, November 24th. Wall Street Zen raised The RMR Group from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of The RMR Group in a research note on Monday. One analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $24.00.

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.