The RMR Group Inc. (NASDAQ:RMR) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its position in The RMR Group Inc. (NASDAQ:RMRFree Report) by 10.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,792 shares of the financial services provider’s stock after selling 3,600 shares during the period. Swiss National Bank owned 0.10% of The RMR Group worth $869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in The RMR Group by 26.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,217 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 874 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in The RMR Group by 2,724.2% in the fourth quarter. International Assets Investment Management LLC now owns 932 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 899 shares during the last quarter. Trexquant Investment LP boosted its holdings in The RMR Group by 9.6% in the third quarter. Trexquant Investment LP now owns 17,663 shares of the financial services provider’s stock valued at $433,000 after purchasing an additional 1,540 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in The RMR Group in the fourth quarter valued at $62,000. Finally, Russell Investments Group Ltd. boosted its holdings in The RMR Group by 6.4% in the fourth quarter. Russell Investments Group Ltd. now owns 53,496 shares of the financial services provider’s stock valued at $1,510,000 after purchasing an additional 3,214 shares during the last quarter. 42.31% of the stock is owned by institutional investors and hedge funds.

The RMR Group Stock Up 2.3 %

RMR stock opened at $23.31 on Friday. The company’s 50-day simple moving average is $23.59 and its 200-day simple moving average is $24.73. The RMR Group Inc. has a 52-week low of $21.28 and a 52-week high of $28.82. The firm has a market cap of $739.63 million, a P/E ratio of 8.67 and a beta of 1.29.

The RMR Group (NASDAQ:RMRGet Free Report) last posted its earnings results on Tuesday, May 7th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). The RMR Group had a return on equity of 7.35% and a net margin of 4.59%. The firm had revenue of $217.75 million for the quarter, compared to analysts’ expectations of $238.20 million. On average, analysts anticipate that The RMR Group Inc. will post 1.89 earnings per share for the current fiscal year.

The RMR Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, April 22nd were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 7.72%. The ex-dividend date was Friday, April 19th. This is an increase from The RMR Group’s previous quarterly dividend of $0.40. The RMR Group’s dividend payout ratio is 66.91%.

Analysts Set New Price Targets

Several equities research analysts have commented on RMR shares. StockNews.com lowered shares of The RMR Group from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. B. Riley lowered their target price on shares of The RMR Group from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Finally, JMP Securities began coverage on shares of The RMR Group in a research note on Friday, April 19th. They set a “market perform” rating on the stock.

View Our Latest Stock Analysis on RMR

The RMR Group Profile

(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.

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Institutional Ownership by Quarter for The RMR Group (NASDAQ:RMR)

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