Franklin Resources Inc. Has $203,000 Stake in The RMR Group Inc. (NASDAQ:RMR)

Franklin Resources Inc. cut its position in The RMR Group Inc. (NASDAQ:RMR) by 60.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,827 shares of the financial services provider’s stock after selling 15,011 shares during the quarter. Franklin Resources Inc.’s holdings in The RMR Group were worth $203,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in The RMR Group by 36.6% during the third quarter. JPMorgan Chase & Co. now owns 112,982 shares of the financial services provider’s stock worth $2,867,000 after acquiring an additional 30,258 shares in the last quarter. Proficio Capital Partners LLC bought a new position in The RMR Group in the 4th quarter valued at approximately $319,000. Barclays PLC boosted its position in The RMR Group by 55.6% in the third quarter. Barclays PLC now owns 50,674 shares of the financial services provider’s stock valued at $1,286,000 after buying an additional 18,100 shares in the last quarter. CWA Asset Management Group LLC grew its stake in shares of The RMR Group by 160.2% during the fourth quarter. CWA Asset Management Group LLC now owns 48,029 shares of the financial services provider’s stock worth $991,000 after buying an additional 29,568 shares during the last quarter. Finally, Aviance Capital Partners LLC bought a new position in shares of The RMR Group in the 4th quarter valued at $395,000. Institutional investors own 42.31% of the company’s stock.

The RMR Group Trading Up 1.1 %

Shares of NASDAQ RMR opened at $15.18 on Friday. The firm has a 50 day moving average price of $16.99 and a two-hundred day moving average price of $20.16. The stock has a market cap of $483.42 million, a P/E ratio of 11.41 and a beta of 1.08. The RMR Group Inc. has a 52-week low of $14.52 and a 52-week high of $26.43. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.89.

The RMR Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 11.86%. The ex-dividend date of this dividend is Tuesday, April 22nd. The RMR Group’s dividend payout ratio is presently 135.34%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded The RMR Group from a “hold” rating to a “buy” rating in a research report on Tuesday, March 25th.

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.