The RMR Group (NASDAQ:RMR) Raised 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 report report published on Tuesday.

The RMR Group Stock Performance

RMR opened at $16.70 on Tuesday. The RMR Group has a 52-week low of $16.52 and a 52-week high of $26.43. The business’s fifty day moving average is $18.21 and its 200-day moving average is $21.34. 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 has a market cap of $531.83 million, a P/E ratio of 12.56 and a beta of 1.19.

The RMR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were issued a $0.45 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.80 dividend on an annualized basis and a yield of 10.78%. The RMR Group’s payout ratio is presently 135.34%.

Hedge Funds Weigh In On The RMR Group

Several large investors have recently modified their holdings of the business. Martingale Asset Management L P increased its holdings in The RMR Group by 1.0% in the fourth quarter. Martingale Asset Management L P now owns 68,911 shares of the financial services provider’s stock valued at $1,422,000 after purchasing an additional 662 shares during the period. Stifel Financial Corp increased its position in 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 valued at $1,366,000 after purchasing an additional 771 shares during the period. SG Americas Securities LLC raised its holdings in 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 purchasing an additional 908 shares during the last quarter. American Century Companies Inc. lifted its position in shares of The RMR Group by 4.7% in the 4th quarter. American Century Companies Inc. now owns 31,993 shares of the financial services provider’s stock worth $660,000 after purchasing an additional 1,440 shares during the period. Finally, BayBridge Capital Group LLC boosted its stake in shares of The RMR Group by 8.3% in the 4th quarter. BayBridge Capital Group LLC now owns 21,827 shares of the financial services provider’s stock valued at $451,000 after purchasing an additional 1,671 shares during the last quarter. Institutional investors own 42.31% of the company’s stock.

About The RMR Group

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.