New York State Teachers Retirement System Buys Shares of 1,300 The RMR Group Inc. (NASDAQ:RMR)

New York State Teachers Retirement System bought a new stake in The RMR Group Inc. (NASDAQ:RMR – Get Rating) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,300 shares of the financial services provider’s stock, valued at approximately $31,000.

Other large investors also recently bought and sold shares of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of The RMR Group during the second quarter worth about $34,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of The RMR Group during the third quarter worth about $35,000. Amalgamated Bank acquired a new stake in shares of The RMR Group during the first quarter worth about $60,000. Lazard Asset Management LLC lifted its position in shares of The RMR Group by 120.9% during the second quarter. Lazard Asset Management LLC now owns 2,244 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 1,228 shares in the last quarter. Finally, Sawtooth Solutions LLC acquired a new stake in shares of The RMR Group during the third quarter worth about $217,000. Institutional investors and hedge funds own 40.58% of the company’s stock.

Analyst Ratings Changes

RMR has been the topic of a number of recent research reports. StockNews.com upgraded shares of The RMR Group from a “hold” rating to a “buy” rating in a research note on Tuesday, November 15th. B. Riley dropped their price target on shares of The RMR Group from $44.00 to $42.00 in a research note on Monday, November 21st.

The RMR Group Price Performance

Shares of NASDAQ RMR opened at $29.32 on Friday. The stock has a fifty day moving average price of $28.52 and a 200 day moving average price of $27.40. The RMR Group Inc. has a 1-year low of $23.00 and a 1-year high of $33.00. The company has a market cap of $926.69 million, a PE ratio of 14.16 and a beta of 1.44.

The RMR Group (NASDAQ:RMR – Get Rating) last released its earnings results on Monday, November 14th. The financial services provider reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The RMR Group had a net margin of 4.08% and a return on equity of 10.21%. The business had revenue of $242.19 million during the quarter, compared to analyst estimates of $192.89 million. Analysts anticipate that The RMR Group Inc. will post 2.18 earnings per share for the current fiscal year.

The RMR Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 16th. Investors of record on Monday, January 23rd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date is Friday, January 20th. This is a boost from The RMR Group’s previous quarterly dividend of $0.30. The RMR Group’s dividend payout ratio (DPR) is currently 77.29%.

About The RMR Group

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The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides business and property management services in the United States. The company offers management services to its four publicly traded real estate investment trusts and three real estate operating companies. It also provides investment advisory and administrative services.