Invesco Ltd. Has $10.80 Million Holdings in The RMR Group Inc. (NASDAQ:RMR)

Invesco Ltd. lessened its position in The RMR Group Inc. (NASDAQ:RMR) by 0.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 523,013 shares of the financial services provider’s stock after selling 4,481 shares during the quarter. Invesco Ltd. owned approximately 1.64% of The RMR Group worth $10,795,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in The RMR Group in the 4th quarter worth approximately $63,000. SG Americas Securities LLC raised its holdings in shares of The RMR Group by 15.3% during the fourth quarter. SG Americas Securities LLC now owns 6,832 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 908 shares in the last quarter. Wells Fargo & Company MN boosted its position in The RMR Group by 27.9% during the fourth quarter. Wells Fargo & Company MN now owns 9,205 shares of the financial services provider’s stock valued at $190,000 after purchasing an additional 2,010 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in The RMR Group during the fourth quarter valued at $297,000. Finally, Proficio Capital Partners LLC purchased a new position in The RMR Group in the fourth quarter valued at about $319,000. Institutional investors and hedge funds own 42.31% of the company’s stock.

The RMR Group Stock Down 2.0 %

RMR stock opened at $14.66 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The firm has a market cap of $466.86 million, a PE ratio of 11.02 and a beta of 1.08. The RMR Group Inc. has a 1 year low of $14.34 and a 1 year high of $26.43. The company has a fifty day simple moving average of $16.85 and a 200 day simple moving average of $20.01.

The RMR Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.80 annualized dividend and a dividend yield of 12.28%. The RMR Group’s dividend payout ratio (DPR) is presently 135.34%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on RMR shares. StockNews.com raised The RMR Group from a “hold” rating to a “buy” rating in a research note on Tuesday, March 25th. B. Riley began coverage on shares of The RMR Group in a research report on Tuesday. They set a “buy” rating and a $24.00 price objective on the stock.

The RMR Group Company Profile

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.