Royce & Associates LP Sells 44,000 Shares of The RMR Group Inc. (NASDAQ:RMR)

Royce & Associates LP lessened its holdings in shares of The RMR Group Inc. (NASDAQ:RMR - Free Report) by 9.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 437,442 shares of the financial services provider's stock after selling 44,000 shares during the period. Royce & Associates LP owned approximately 1.37% of The RMR Group worth $9,029,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in RMR. Thrivent Financial for Lutherans lifted its stake in shares of The RMR Group by 166.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 25,010 shares of the financial services provider's stock worth $635,000 after purchasing an additional 15,616 shares during the period. Meeder Asset Management Inc. lifted its stake in shares of The RMR Group by 18.7% during the third quarter. Meeder Asset Management Inc. now owns 3,177 shares of the financial services provider's stock worth $81,000 after purchasing an additional 500 shares in the last quarter. Garner Asset Management Corp boosted its holdings in The RMR Group by 2.0% in the 3rd quarter. Garner Asset Management Corp now owns 288,273 shares of the financial services provider's stock worth $7,316,000 after acquiring an additional 5,745 shares during the period. FMR LLC grew its holdings in The RMR Group by 9.3% during the 3rd quarter. FMR LLC now owns 41,739 shares of the financial services provider's stock valued at $1,059,000 after purchasing an additional 3,548 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of The RMR Group by 77.8% during the third quarter. BNP Paribas Financial Markets now owns 12,100 shares of the financial services provider's stock worth $307,000 after acquiring an additional 5,294 shares during the last quarter. Hedge funds and other institutional investors own 42.31% of the company's stock.

Remove Ads

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of The RMR Group from a "hold" rating to a "buy" rating in a research note on Sunday, March 16th.

The RMR Group Price Performance

NASDAQ:RMR traded down $0.16 during trading hours on Friday, reaching $16.89. 294,348 shares of the company's stock were exchanged, compared to its average volume of 98,676. 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 RMR Group Inc. has a 12 month low of $16.76 and a 12 month high of $26.43. The company has a market capitalization of $537.88 million, a P/E ratio of 12.70 and a beta of 1.19. The business's 50-day simple moving average is $18.43 and its two-hundred day simple moving average is $21.55.

The RMR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 10.66%. The ex-dividend date of this dividend was Monday, January 27th. The RMR Group's payout ratio is 135.34%.

The RMR Group 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.