Segall Bryant & Hamill LLC purchased a new stake in The RMR Group Inc. (NASDAQ:RMR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 29,217 shares of the financial services provider's stock, valued at approximately $603,000. Segall Bryant & Hamill LLC owned about 0.09% of The RMR Group as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Franklin Resources Inc. increased its position in The RMR Group by 12.9% in the 3rd quarter. Franklin Resources Inc. now owns 24,838 shares of the financial services provider's stock valued at $625,000 after acquiring an additional 2,831 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in The RMR Group by 13.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,496 shares of the financial services provider's stock worth $926,000 after purchasing an additional 4,390 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in The RMR Group by 36.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 112,982 shares of the financial services provider's stock worth $2,867,000 after buying an additional 30,258 shares during the period. Barclays PLC grew its position in shares of The RMR Group by 55.6% in the 3rd quarter. Barclays PLC now owns 50,674 shares of the financial services provider's stock valued at $1,286,000 after buying an additional 18,100 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of The RMR Group in the fourth quarter valued at about $319,000. Institutional investors and hedge funds own 42.31% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com raised The RMR Group from a "hold" rating to a "buy" rating in a research note on Tuesday, March 25th.
Check Out Our Latest Stock Analysis on The RMR Group
The RMR Group Trading Down 2.0 %
RMR stock traded down $0.33 during midday trading on Wednesday, hitting $16.11. The stock had a trading volume of 16,410 shares, compared to its average volume of 165,303. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The firm has a market cap of $513.04 million, a P/E ratio of 12.11 and a beta of 1.19. The business has a fifty day moving average price of $18.03 and a two-hundred day moving average price of $21.11. The RMR Group Inc. has a 1-year low of $16.14 and a 1-year high of $26.43.
The RMR Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were given a dividend of $0.45 per share. The ex-dividend date was Monday, January 27th. This represents a $1.80 annualized dividend and a dividend yield of 11.17%. The RMR Group's payout ratio is 135.34%.
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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