Shares of The RMR Group Inc. (NASDAQ:RMR - Get Free Report) reached a new 52-week low on Thursday . The stock traded as low as $16.56 and last traded at $16.57, with a volume of 23216 shares traded. The stock had previously closed at $16.96.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of The RMR Group from a "hold" rating to a "buy" rating in a research note on Tuesday, March 25th.
Read Our Latest Stock Analysis on RMR
The RMR Group Stock Performance
The company has a fifty day moving average price of $18.15 and a two-hundred day moving average price of $21.23. 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 company has a market capitalization of $530.24 million, a P/E ratio of 12.52 and a beta of 1.19.
The RMR Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders 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 10.81%. The ex-dividend date of this dividend was Monday, January 27th. The RMR Group's payout ratio is 135.34%.
Hedge Funds Weigh In On The RMR Group
A number of hedge funds have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 raised its holdings in 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 worth $2,242,000 after purchasing an additional 70,127 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of The RMR Group by 45.2% in the 4th quarter. Lazard Asset Management LLC now owns 21,125 shares of the financial services provider's stock worth $436,000 after purchasing an additional 6,578 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of The RMR Group by 5.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 56,987 shares of the financial services provider's stock valued at $1,176,000 after purchasing an additional 3,079 shares during the last quarter. Finally, Deutsche Bank AG increased its position in shares of 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 buying an additional 7,885 shares during the period. Institutional investors and hedge funds own 42.31% of the company's stock.
The RMR Group Company Profile
(
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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