Short Interest in The RMR Group Inc. (NASDAQ:RMR) Grows By 19.3%

The RMR Group Inc. (NASDAQ:RMRGet Free Report) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 217,700 shares, a growth of 19.3% from the April 30th total of 182,500 shares. Based on an average daily volume of 87,400 shares, the days-to-cover ratio is currently 2.5 days. Approximately 1.5% of the company’s shares are short sold.

Institutional Trading of The RMR Group

Hedge funds have recently bought and sold shares of the stock. Pacific Ridge Capital Partners LLC raised its holdings in The RMR Group by 31.7% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 37,290 shares of the financial services provider’s stock worth $1,053,000 after buying an additional 8,975 shares during the period. Swiss National Bank grew its stake in shares of The RMR Group by 2.1% during the 3rd quarter. Swiss National Bank now owns 34,392 shares of the financial services provider’s stock worth $843,000 after acquiring an additional 700 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in shares of The RMR Group by 153.7% during the 3rd quarter. Los Angeles Capital Management LLC now owns 47,861 shares of the financial services provider’s stock worth $1,174,000 after acquiring an additional 28,994 shares in the last quarter. Islay Capital Management LLC bought a new position in shares of The RMR Group during the 4th quarter worth approximately $1,184,000. Finally, Alps Advisors Inc. bought a new position in shares of The RMR Group during the 3rd quarter worth approximately $337,000. 42.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Read Our Latest Stock Analysis on RMR

The RMR Group Price Performance

Shares of NASDAQ:RMR opened at $23.53 on Friday. The company has a market capitalization of $746.61 million, a price-to-earnings ratio of 8.75 and a beta of 1.29. The firm’s 50 day simple moving average is $23.59 and its 200 day simple moving average is $24.74. The RMR Group has a fifty-two week low of $21.28 and a fifty-two week high of $28.82.

The RMR Group (NASDAQ:RMRGet Free Report) last announced its earnings results on Tuesday, May 7th. The financial services provider reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). The company had revenue of $217.75 million for the quarter, compared to analyst estimates of $238.20 million. The RMR Group had a return on equity of 7.35% and a net margin of 4.59%. Equities research analysts expect that The RMR Group will post 1.89 earnings per share for the current year.

The RMR Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd were issued a dividend of $0.45 per share. This is an increase from The RMR Group’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 7.65%. The ex-dividend date was Friday, April 19th. The RMR Group’s dividend payout ratio (DPR) is 66.91%.

About The RMR Group

(Get 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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