Teacher Retirement System of Texas Sells 21,010 Shares of The RMR Group Inc. (NASDAQ:RMR)

Teacher Retirement System of Texas lessened its holdings in shares of The RMR Group Inc. (NASDAQ:RMR - Free Report) by 23.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,171 shares of the financial services provider's stock after selling 21,010 shares during the quarter. Teacher Retirement System of Texas owned about 0.22% of The RMR Group worth $1,448,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of RMR. Thrivent Financial for Lutherans raised its stake in The RMR Group by 166.2% in the third quarter. Thrivent Financial for Lutherans now owns 25,010 shares of the financial services provider's stock valued at $635,000 after purchasing an additional 15,616 shares in the last quarter. FMR LLC lifted its holdings in shares of The RMR Group by 9.3% during the 3rd quarter. FMR LLC now owns 41,739 shares of the financial services provider's stock worth $1,059,000 after acquiring an additional 3,548 shares during the last quarter. BNP Paribas Financial Markets grew its position in The RMR Group by 77.8% in 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in The RMR Group by 13.7% in the third 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 valued at $926,000 after acquiring an additional 4,390 shares during the last quarter. Finally, Martingale Asset Management L P raised its position in The RMR Group by 4.3% during the third quarter. Martingale Asset Management L P now owns 68,249 shares of the financial services provider's stock valued at $1,732,000 after purchasing an additional 2,842 shares in the last quarter. Hedge funds and other institutional investors own 42.31% of the company's stock.

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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.

The RMR Group Price Performance

Shares of RMR stock traded down $0.21 during trading hours on Wednesday, hitting $16.23. 134,597 shares of the company's stock were exchanged, compared to its average volume of 104,900. The company has a market capitalization of $516.86 million, a PE ratio of 12.20 and a beta of 1.19. 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 RMR Group Inc. has a 12-month low of $16.02 and a 12-month high of $26.43. The business's 50 day simple moving average is $17.97 and its 200-day simple moving average is $21.08.

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 $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 11.09%. The ex-dividend date of this dividend was Monday, January 27th. The RMR Group's payout ratio is presently 135.34%.

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.