Wells Fargo & Company MN Increases Stock Position in The RMR Group Inc. (NASDAQ:RMR)

Wells Fargo & Company MN grew its stake in The RMR Group Inc. (NASDAQ:RMR) by 27.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 9,205 shares of the financial services provider’s stock after acquiring an additional 2,010 shares during the period. Wells Fargo & Company MN’s holdings in The RMR Group were worth $190,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in The RMR Group by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 434,398 shares of the financial services provider’s stock valued at $8,968,000 after purchasing an additional 10,090 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of The RMR Group by 15.9% in the 4th quarter. JPMorgan Chase & Co. now owns 130,962 shares of the financial services provider’s stock valued at $2,703,000 after buying an additional 17,980 shares during the period. Globeflex Capital L P lifted its stake in The RMR Group by 12.8% during the 4th quarter. Globeflex Capital L P now owns 53,150 shares of the financial services provider’s stock worth $1,097,000 after acquiring an additional 6,015 shares in the last quarter. Barclays PLC boosted its holdings in The RMR Group by 55.6% during the 3rd quarter. Barclays PLC now owns 50,674 shares of the financial services provider’s stock valued at $1,286,000 after acquiring an additional 18,100 shares during the period. Finally, American Century Companies Inc. grew its position in The RMR Group by 4.7% in the 4th quarter. American Century Companies Inc. now owns 31,993 shares of the financial services provider’s stock valued at $660,000 after acquiring an additional 1,440 shares in the last quarter. 42.31% of the stock is currently owned by institutional investors and hedge funds.

The RMR Group Stock Up 2.4 %

Shares of NASDAQ:RMR opened at $14.23 on Friday. The RMR Group Inc. has a fifty-two week low of $13.48 and a fifty-two week high of $26.43. The firm’s 50 day moving average price is $16.00 and its 200 day moving average price is $19.16. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.10. The stock has a market cap of $453.04 million, a price-to-earnings ratio of 10.70 and a beta of 1.10.

The RMR Group (NASDAQ:RMR) last issued its earnings results on Tuesday, May 6th. The financial services provider reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The RMR Group had a return on equity of 5.83% and a net margin of 2.62%. The firm had revenue of $166.67 million for the quarter, compared to analyst estimates of $214.10 million. As a group, equities research analysts predict that The RMR Group Inc. will post 1.51 earnings per share for the current fiscal year.

The RMR Group Dividend Announcement

The firm 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 annualized dividend and a yield of 12.65%. The ex-dividend date of this dividend is Tuesday, April 22nd. The RMR Group’s payout ratio is 148.76%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on RMR shares. StockNews.com raised shares of The RMR Group from a “hold” rating to a “buy” rating in a research note on Tuesday, March 25th. B. Riley started coverage on The RMR Group in a report on Tuesday, April 22nd. They issued a “buy” rating and a $24.00 target price for the company.

The RMR Group 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.