Bank of New York Mellon Corp Trims Stock Position in The RMR Group Inc. (NASDAQ:RMR)

Bank of New York Mellon Corp lessened its holdings in shares of The RMR Group Inc. (NASDAQ:RMR - Free Report) by 16.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 116,097 shares of the financial services provider's stock after selling 22,772 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.36% of The RMR Group worth $2,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC raised its position in shares of The RMR Group by 15.3% during the fourth quarter. SG Americas Securities LLC now owns 6,832 shares of the financial services provider's stock valued at $141,000 after buying an additional 908 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of The RMR Group by 77.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,100 shares of the financial services provider's stock valued at $307,000 after acquiring an additional 5,294 shares during the last quarter. BayBridge Capital Group LLC grew its holdings in shares of The RMR Group by 8.3% in the fourth quarter. BayBridge Capital Group LLC now owns 21,827 shares of the financial services provider's stock valued at $451,000 after purchasing an additional 1,671 shares in the last quarter. Corsair Capital Management L.P. raised its stake in The RMR Group by 92,252.2% during the third quarter. Corsair Capital Management L.P. now owns 21,241 shares of the financial services provider's stock valued at $539,000 after purchasing an additional 21,218 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of 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 worth $625,000 after buying an additional 2,831 shares in the last quarter. Institutional investors own 42.31% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of The RMR Group from a "hold" rating to a "buy" rating in a report on Tuesday.

The RMR Group Trading Down 3.2 %

NASDAQ RMR traded down $0.55 on Tuesday, hitting $16.71. 212,641 shares of the stock were exchanged, compared to its average volume of 99,195. The RMR Group Inc. has a 52-week low of $16.76 and a 52-week high of $26.43. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a fifty day moving average price of $18.38 and a two-hundred day moving average price of $21.45. The firm has a market capitalization of $532.15 million, a P/E ratio of 12.56 and a beta of 1.19.

The RMR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 10.77%. The ex-dividend date of this dividend was Monday, January 27th. The RMR Group's payout ratio is currently 135.34%.

About The RMR Group

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.