Renaissance Technologies LLC Raises Holdings in The RMR Group Inc. (NASDAQ:RMR)

Renaissance Technologies LLC raised its position in The RMR Group Inc. (NASDAQ:RMR - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 487,214 shares of the financial services provider's stock after purchasing an additional 22,300 shares during the quarter. Renaissance Technologies LLC owned 1.53% of The RMR Group worth $10,056,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of RMR. Federated Hermes Inc. increased its holdings in shares of The RMR Group by 1.9% in the 4th quarter. Federated Hermes Inc. now owns 539,276 shares of the financial services provider's stock valued at $11,131,000 after acquiring an additional 10,291 shares during the last quarter. Geode Capital Management LLC boosted its stake in The RMR Group by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 434,398 shares of the financial services provider's stock valued at $8,968,000 after acquiring an additional 10,090 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of The RMR Group by 15.9% during the fourth quarter. JPMorgan Chase & Co. now owns 130,962 shares of the financial services provider's stock worth $2,703,000 after purchasing an additional 17,980 shares during the last quarter. Globeflex Capital L P increased its position in shares of The RMR Group by 12.8% during the fourth quarter. Globeflex Capital L P now owns 53,150 shares of the financial services provider's stock worth $1,097,000 after purchasing an additional 6,015 shares in the last quarter. Finally, Barclays PLC boosted 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 purchasing an additional 18,100 shares during the period. 42.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of The RMR Group from a "hold" rating to a "buy" rating in a research report on Tuesday, March 25th.

The RMR Group Price Performance

Shares of NASDAQ:RMR traded down $0.43 during trading on Monday, hitting $14.75. 91,075 shares of the stock were exchanged, compared to its average volume of 111,346. The company has a fifty day moving average price of $16.99 and a two-hundred day moving average price of $20.12. The company has a market cap of $469.73 million, a PE ratio of 11.09 and a beta of 1.08. The RMR Group Inc. has a 12-month low of $14.52 and a 12-month high of $26.43. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 12.20%. The ex-dividend date is Tuesday, April 22nd. The RMR Group's payout ratio is currently 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.