Hotchkis & Wiley Capital Management LLC grew its position in shares of The RMR Group Inc. (NASDAQ:RMR - Free Report) by 40.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 825,280 shares of the financial services provider's stock after acquiring an additional 238,360 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 2.60% of The RMR Group worth $20,946,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of The RMR Group by 0.4% during the first quarter. Vanguard Group Inc. now owns 2,276,544 shares of the financial services provider's stock worth $54,637,000 after purchasing an additional 9,488 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of The RMR Group by 4.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,446 shares of the financial services provider's stock worth $491,000 after purchasing an additional 830 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of The RMR Group by 75.9% during the first quarter. Public Employees Retirement System of Ohio now owns 6,445 shares of the financial services provider's stock worth $155,000 after purchasing an additional 2,780 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of The RMR Group by 270.3% during the second quarter. Harbor Capital Advisors Inc. now owns 14,836 shares of the financial services provider's stock valued at $335,000 after buying an additional 10,830 shares during the period. Finally, Linden Thomas Advisory Services LLC increased its stake in shares of The RMR Group by 1.6% during the second quarter. Linden Thomas Advisory Services LLC now owns 48,477 shares of the financial services provider's stock valued at $1,096,000 after buying an additional 768 shares during the period. 42.31% of the stock is currently owned by institutional investors.
The RMR Group Stock Up 0.5 %
RMR traded up $0.10 on Wednesday, hitting $22.05. The company had a trading volume of 74,730 shares, compared to its average volume of 85,377. The stock has a fifty day moving average price of $23.93 and a 200-day moving average price of $24.07. The RMR Group Inc. has a 12-month low of $21.46 and a 12-month high of $28.82. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $702.20 million, a price-to-earnings ratio of 16.21 and a beta of 1.23.
The RMR Group (NASDAQ:RMR - Get Free Report) last posted its earnings results on Monday, November 11th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.04). The RMR Group had a net margin of 2.57% and a return on equity of 6.40%. The company had revenue of $212.30 million during the quarter, compared to analysts' expectations of $220.15 million. During the same quarter last year, the firm earned $0.48 EPS. Analysts predict that The RMR Group Inc. will post 1.42 EPS for the current fiscal year.
The RMR Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.16%. The ex-dividend date was Monday, October 28th. The RMR Group's dividend payout ratio (DPR) is 132.35%.
About The RMR Group
(
Free Report)
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.
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