The RMR Group (NASDAQ:RMR) Upgraded at StockNews.com

StockNews.com upgraded shares of The RMR Group (NASDAQ:RMR - Free Report) from a hold rating to a buy rating in a research note released on Sunday morning.

The RMR Group Price Performance

RMR traded up $0.20 during trading on Friday, reaching $17.29. 97,421 shares of the stock were exchanged, compared to its average volume of 96,836. The company has a market capitalization of $550.62 million, a price-to-earnings ratio of 13.00 and a beta of 1.19. 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 RMR Group has a 1 year low of $16.89 and a 1 year high of $26.43. The business's 50 day moving average price is $18.57 and its two-hundred day moving average price is $21.68.

The RMR Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 10.41%. The ex-dividend date of this dividend was Monday, January 27th. The RMR Group's payout ratio is 135.34%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in RMR. Hotchkis & Wiley Capital Management LLC raised its position in shares of The RMR Group by 40.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 825,280 shares of the financial services provider's stock valued at $20,946,000 after buying an additional 238,360 shares during the last quarter. Nantahala Capital Management LLC raised its holdings in The RMR Group by 32.8% in the 4th quarter. Nantahala Capital Management LLC now owns 450,792 shares of the financial services provider's stock valued at $9,304,000 after acquiring an additional 111,306 shares during the last quarter. Millennium Management LLC lifted its stake in shares of 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 period. Garner Asset Management Corp boosted 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 worth $6,516,000 after purchasing an additional 33,411 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of The RMR Group by 78.3% in 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 during the period. Institutional investors and hedge funds own 42.31% of the company's stock.

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The RMR Group Company Profile

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.