The RMR Group (NASDAQ:RMR) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of The RMR Group (NASDAQ:RMR) from a buy rating to a hold rating in a research note released on Saturday.

The RMR Group Stock Up 0.7 %

Shares of NASDAQ RMR opened at $18.81 on Friday. The RMR Group has a 52 week low of $17.75 and a 52 week high of $26.43. The business has a 50-day simple moving average of $18.96 and a two-hundred day simple moving average of $22.08. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.10. The company has a market cap of $599.02 million, a P/E ratio of 14.14 and a beta of 1.19.

The RMR Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were paid 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 9.57%. The RMR Group’s dividend payout ratio is currently 135.34%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in RMR. Hotchkis & Wiley Capital Management LLC boosted its stake in The RMR Group by 40.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 825,280 shares of the financial services provider’s stock worth $20,946,000 after purchasing an additional 238,360 shares during the period. Nantahala Capital Management LLC raised its holdings in shares of The RMR Group by 32.8% in the 4th quarter. Nantahala Capital Management LLC now owns 450,792 shares of the financial services provider’s stock valued at $9,304,000 after acquiring an additional 111,306 shares in the last quarter. Millennium Management LLC raised its holdings in shares of The RMR Group by 182.2% in the 4th quarter. Millennium Management LLC now owns 108,619 shares of the financial services provider’s stock valued at $2,242,000 after acquiring an additional 70,127 shares in the last quarter. Garner Asset Management Corp raised its holdings in shares of The RMR Group by 11.6% in the 4th quarter. Garner Asset Management Corp now owns 321,684 shares of the financial services provider’s stock valued at $6,516,000 after acquiring an additional 33,411 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of The RMR Group by 78.3% in the 4th quarter. Ameriprise Financial Inc. now owns 71,252 shares of the financial services provider’s stock valued at $1,471,000 after acquiring an additional 31,285 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.