The RMR Group (NASDAQ:RMR) Sets New 12-Month Low - Should You Sell?

Shares of The RMR Group Inc. (NASDAQ:RMR - Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $16.08 and last traded at $16.45, with a volume of 375 shares traded. The stock had previously closed at $16.44.

Analyst Upgrades and Downgrades

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.

The RMR Group Stock Down 0.5 %

The business's 50 day moving average is $17.83 and its 200 day moving average is $20.98. 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 market cap of $506.99 million, a price-to-earnings ratio of 11.97 and a beta of 1.19.

The RMR Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.31%. The ex-dividend date of this dividend was Monday, January 27th. The RMR Group's dividend payout ratio (DPR) is currently 135.34%.

Institutional Trading of The RMR Group

A number of institutional investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. raised its stake in shares of The RMR Group by 1.9% in the 4th quarter. Federated Hermes Inc. now owns 539,276 shares of the financial services provider's stock valued at $11,131,000 after acquiring an additional 10,291 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of The RMR Group by 4.8% in the fourth quarter. Renaissance Technologies LLC now owns 487,214 shares of the financial services provider's stock valued at $10,056,000 after purchasing an additional 22,300 shares during the period. Nantahala Capital Management LLC lifted its stake in shares of The RMR Group by 32.8% in the fourth quarter. Nantahala Capital Management LLC now owns 450,792 shares of the financial services provider's stock worth $9,304,000 after buying an additional 111,306 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of The RMR Group by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 434,398 shares of the financial services provider's stock worth $8,968,000 after buying an additional 10,090 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in The RMR Group by 7.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 380,112 shares of the financial services provider's stock valued at $7,846,000 after buying an additional 26,661 shares during the last quarter. 42.31% of the stock is currently owned by institutional investors and hedge funds.

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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.