The RMR Group (NASDAQ:RMR) Hits New 1-Year Low - What's Next?

The RMR Group Inc. (NASDAQ:RMR - Get Free Report)'s share price reached a new 52-week low on Friday . The company traded as low as $16.76 and last traded at $16.86, with a volume of 49266 shares trading hands. The stock had previously closed at $17.05.

Analyst Ratings Changes

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

The RMR Group Price Performance

The company's 50-day simple moving average is $18.38 and its 200-day simple moving average is $21.45. The stock has a market capitalization of $541.13 million, a P/E ratio of 12.78 and a beta of 1.19. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.89 and a quick ratio of 0.89.

The RMR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.80 annualized dividend and a dividend yield of 10.59%. The RMR Group's dividend payout ratio (DPR) is presently 135.34%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of The RMR Group by 16.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 42,337 shares of the financial services provider's stock valued at $874,000 after buying an additional 5,841 shares during the period. Millennium Management LLC lifted its position in shares of The RMR Group by 182.2% during the 4th quarter. Millennium Management LLC now owns 108,619 shares of the financial services provider's stock valued at $2,242,000 after acquiring an additional 70,127 shares during the period. Lazard Asset Management LLC lifted its position in shares of The RMR Group by 45.2% during the 4th quarter. Lazard Asset Management LLC now owns 21,125 shares of the financial services provider's stock valued at $436,000 after acquiring an additional 6,578 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of The RMR Group by 5.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 56,987 shares of the financial services provider's stock worth $1,176,000 after purchasing an additional 3,079 shares during the period. Finally, Deutsche Bank AG lifted its position in The RMR Group by 140.1% during the fourth quarter. Deutsche Bank AG now owns 13,515 shares of the financial services provider's stock worth $279,000 after purchasing an additional 7,885 shares during the period. Institutional investors and hedge funds own 42.31% of the company's stock.

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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.