Shares of The RMR Group Inc. (NASDAQ:RMR - Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $17.91 and last traded at $18.00, with a volume of 231212 shares changing hands. The stock had previously closed at $18.13.
The RMR Group Stock Down 0.4 %
The business's 50-day moving average price is $19.54 and its 200-day moving average price is $22.54. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $571.39 million, a PE ratio of 13.49 and a beta of 1.24.
The RMR Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.03%. The ex-dividend date of this dividend was Monday, January 27th. The RMR Group's dividend payout ratio (DPR) is 135.34%.
Institutional Trading of The RMR Group
A number of hedge funds have recently made changes to their positions in RMR. SG Americas Securities LLC purchased a new stake in shares of The RMR Group in the third quarter worth approximately $150,000. International Assets Investment Management LLC increased its holdings 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 during the last quarter. BayBridge Capital Group LLC increased its holdings in The RMR Group by 9.0% in the third quarter. BayBridge Capital Group LLC now owns 20,156 shares of the financial services provider's stock worth $512,000 after buying an additional 1,656 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in The RMR Group by 2.8% in the third quarter. Janney Montgomery Scott LLC now owns 30,102 shares of the financial services provider's stock worth $764,000 after buying an additional 817 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in The RMR Group by 124.6% in the third quarter. Harbor Capital Advisors Inc. now owns 33,329 shares of the financial services provider's stock worth $846,000 after buying an additional 18,493 shares during the last quarter. 42.31% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
Before you consider The RMR Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The RMR Group wasn't on the list.
While The RMR Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
