SG Americas Securities LLC Invests $124,000 in The RMR Group Inc. (NASDAQ:RMR)

SG Americas Securities LLC acquired a new position in The RMR Group Inc. (NASDAQ:RMR – Get Rating) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,395 shares of the financial services provider’s stock, valued at approximately $124,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Swiss National Bank grew its position in The RMR Group by 8.0% during the first quarter. Swiss National Bank now owns 36,592 shares of the financial services provider’s stock valued at $1,138,000 after buying an additional 2,700 shares during the period. Bank of New York Mellon Corp grew its position in The RMR Group by 16.7% during the first quarter. Bank of New York Mellon Corp now owns 106,663 shares of the financial services provider’s stock valued at $3,317,000 after buying an additional 15,225 shares during the period. MetLife Investment Management LLC grew its position in The RMR Group by 58.7% during the first quarter. MetLife Investment Management LLC now owns 7,468 shares of the financial services provider’s stock valued at $232,000 after buying an additional 2,762 shares during the period. Rhumbline Advisers grew its position in The RMR Group by 13.7% during the first quarter. Rhumbline Advisers now owns 59,204 shares of the financial services provider’s stock valued at $1,841,000 after buying an additional 7,138 shares during the period. Finally, BlackRock Inc. grew its position in The RMR Group by 0.4% during the first quarter. BlackRock Inc. now owns 1,325,799 shares of the financial services provider’s stock valued at $41,232,000 after buying an additional 4,845 shares during the period. Institutional investors and hedge funds own 40.58% of the company’s stock.

The RMR Group Price Performance

NASDAQ:RMR opened at $21.46 on Tuesday. The firm has a market capitalization of $678.57 million, a price-to-earnings ratio of 8.04 and a beta of 1.48. The company’s 50-day moving average is $24.72 and its two-hundred day moving average is $27.17. The RMR Group Inc. has a 1-year low of $20.79 and a 1-year high of $31.55.

The RMR Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 18th. Shareholders of record on Monday, April 24th will be issued a $0.40 dividend. The ex-dividend date is Friday, April 21st. This represents a $1.60 annualized dividend and a yield of 7.46%. The RMR Group’s payout ratio is 59.93%.

Analysts Set New Price Targets

Several analysts have recently issued reports on RMR shares. B. Riley dropped their target price on shares of The RMR Group from $42.00 to $37.00 in a research report on Monday. StockNews.com upgraded shares of The RMR Group from a “hold” rating to a “buy” rating in a research report on Monday, April 17th. Finally, TheStreet lowered shares of The RMR Group from a “b-” rating to a “c+” rating in a research report on Wednesday, May 10th.

The RMR Group Company Profile

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The RMR Group, Inc is a holding company, which engages in the provision of management services to managed equity real estate investment trusts and operators. Its services include RMR Real Estate Services, Asset Management, Acquisitions Criteria, and Development. The company was founded in 1986 and is headquartered in Newton, MA.