StockNews.com upgraded shares of The RMR Group (NASDAQ:RMR - Free Report) from a hold rating to a buy rating in a report released on Friday morning.
The RMR Group Price Performance
Shares of RMR stock traded up $0.05 on Friday, reaching $18.20. The company's stock had a trading volume of 113,755 shares, compared to its average volume of 153,584. The stock's fifty day simple moving average is $19.14 and its 200-day simple moving average is $22.23. The RMR Group has a 1 year low of $17.75 and a 1 year high of $26.43. The company has a market capitalization of $579.60 million, a price-to-earnings ratio of 13.68 and a beta of 1.24. 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 declared 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. The ex-dividend date was Monday, January 27th. This represents a $1.80 annualized dividend and a yield of 9.89%. The RMR Group's payout ratio is presently 135.34%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of RMR. International Assets Investment Management LLC raised its stake in The RMR Group by 2,439.0% in the third quarter. International Assets Investment Management LLC now owns 1,041 shares of the financial services provider's stock worth $26,000 after buying an additional 1,000 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of The RMR Group during the 4th quarter valued at approximately $63,000. Meeder Asset Management Inc. boosted its position in The RMR Group by 18.7% during the third quarter. Meeder Asset Management Inc. now owns 3,177 shares of the financial services provider's stock worth $81,000 after purchasing an additional 500 shares in the last quarter. SG Americas Securities LLC grew its stake in The RMR Group by 15.3% in the 4th quarter. SG Americas Securities LLC now owns 6,832 shares of the financial services provider's stock valued at $141,000 after acquiring an additional 908 shares during the period. Finally, Aquatic Capital Management LLC raised its position in shares of The RMR Group by 252.2% during the 4th quarter. Aquatic Capital Management LLC now owns 8,100 shares of the financial services provider's stock worth $167,000 after purchasing an additional 5,800 shares during the last quarter. 42.31% of the stock is owned by hedge funds and other institutional investors.
The RMR Group Company Profile
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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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