The RMR Group Inc. (NASDAQ:RMR - Get Free Report)'s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $18.21 and last traded at $18.19, with a volume of 39724 shares trading hands. The stock had previously closed at $18.39.
The RMR Group Price Performance
The firm has a market capitalization of $577.44 million, a price-to-earnings ratio of 13.63 and a beta of 1.24. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $19.87 and a two-hundred day moving average price of $22.70.
The RMR Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, January 27th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 9.93%. The ex-dividend date is Monday, January 27th. The RMR Group's dividend payout ratio is presently 135.34%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC grew its holdings in The RMR Group by 40.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 825,280 shares of the financial services provider's stock worth $20,946,000 after buying an additional 238,360 shares in the last quarter. Nantahala Capital Management LLC boosted its position in The RMR Group by 32.8% during the 4th quarter. Nantahala Capital Management LLC now owns 450,792 shares of the financial services provider's stock worth $9,304,000 after acquiring an additional 111,306 shares during the period. Millennium Management LLC grew its stake in shares of The RMR Group by 182.2% in the fourth quarter. Millennium Management LLC now owns 108,619 shares of the financial services provider's stock worth $2,242,000 after purchasing an additional 70,127 shares in the last quarter. Garner Asset Management Corp increased its holdings in shares of The RMR Group by 11.6% during the fourth quarter. Garner Asset Management Corp now owns 321,684 shares of the financial services provider's stock valued at $6,516,000 after purchasing an additional 33,411 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of The RMR Group by 78.3% during the fourth quarter. Ameriprise Financial Inc. now owns 71,252 shares of the financial services provider's stock valued at $1,471,000 after purchasing an additional 31,285 shares in the last quarter. 42.31% of the stock is owned by institutional investors and hedge funds.
About The RMR Group
(
Get Free Report)
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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