Allspring Global Investments Holdings LLC Lowers Stake in The RMR Group Inc. (NASDAQ:RMR)

Allspring Global Investments Holdings LLC lessened its holdings in The RMR Group Inc. (NASDAQ:RMR) by 16.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,760 shares of the financial services provider’s stock after selling 4,073 shares during the period. Allspring Global Investments Holdings LLC’s holdings in The RMR Group were worth $586,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC raised its holdings in shares of The RMR Group by 2,724.2% during the fourth quarter. International Assets Investment Management LLC now owns 932 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 899 shares during the last quarter. Asset Management One Co. Ltd. purchased a new stake in shares of The RMR Group during the third quarter worth approximately $56,000. Meeder Asset Management Inc. acquired a new position in The RMR Group in the 4th quarter valued at $62,000. SG Americas Securities LLC purchased a new position in The RMR Group in the 4th quarter valued at $155,000. Finally, Meixler Investment Management Ltd. acquired a new stake in The RMR Group during the 3rd quarter worth $228,000. Institutional investors and hedge funds own 42.31% of the company’s stock.

The RMR Group Price Performance

Shares of RMR stock opened at $23.11 on Friday. The company has a market capitalization of $732.82 million, a PE ratio of 6.68 and a beta of 1.30. The firm’s 50-day moving average is $23.63 and its two-hundred day moving average is $24.63. The RMR Group Inc. has a 12 month low of $20.79 and a 12 month high of $28.82.

The RMR Group (NASDAQ:RMR) last released its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.49 EPS for the quarter, beating the consensus estimate of $0.45 by $0.04. The RMR Group had a net margin of 5.93% and a return on equity of 7.78%. The firm had revenue of $261.67 million for the quarter, compared to analyst estimates of $223.18 million. Sell-side analysts forecast that The RMR Group Inc. will post 1.92 EPS for the current year.

The RMR Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.79%. The ex-dividend date is Friday, April 19th. This is a positive change from The RMR Group’s previous quarterly dividend of $0.40. The RMR Group’s dividend payout ratio is 52.02%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RMR shares. TheStreet raised shares of The RMR Group from a “c+” rating to a “b-” rating in a research note on Tuesday, January 2nd. JMP Securities assumed coverage on The RMR Group in a report on Friday, April 19th. They set a “market perform” rating on the stock. Finally, StockNews.com downgraded The RMR Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th.

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.