Northern Trust Corp Acquires 14,177 Shares of The RMR Group Inc. (NASDAQ:RMR)

Northern Trust Corp raised its position in shares of The RMR Group Inc. (NASDAQ:RMR) by 9.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 168,664 shares of the financial services provider’s stock after purchasing an additional 14,177 shares during the quarter. Northern Trust Corp owned 0.53% of The RMR Group worth $3,481,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Garner Asset Management Corp grew its stake in shares of The RMR Group by 11.6% in the fourth quarter. Garner Asset Management Corp now owns 321,684 shares of the financial services provider’s stock worth $6,516,000 after acquiring an additional 33,411 shares during the period. Segall Bryant & Hamill LLC purchased a new position in The RMR Group during the fourth quarter valued at approximately $603,000. Dimensional Fund Advisors LP lifted its holdings in shares of The RMR Group by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 380,112 shares of the financial services provider’s stock worth $7,846,000 after buying an additional 26,661 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of The RMR Group by 4.8% in the fourth quarter. Renaissance Technologies LLC now owns 487,214 shares of the financial services provider’s stock worth $10,056,000 after buying an additional 22,300 shares in the last quarter. Finally, Aviance Capital Partners LLC purchased a new position in shares of The RMR Group in the fourth quarter worth $395,000. 42.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on RMR shares. B. Riley started coverage on shares of The RMR Group in a research note on Tuesday, April 22nd. They set a “buy” rating and a $24.00 price target on the stock. Wall Street Zen raised shares of The RMR Group from a “hold” rating to a “buy” rating in a research note on Tuesday, March 25th.

The RMR Group Stock Up 0.3%

NASDAQ:RMR opened at $14.47 on Friday. The RMR Group Inc. has a 1-year low of $13.48 and a 1-year high of $26.43. The company has a 50-day moving average of $15.33 and a 200 day moving average of $18.44. The firm has a market cap of $460.81 million, a PE ratio of 10.88 and a beta of 1.10. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.89 and a quick ratio of 0.89.

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

The RMR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 12.44%. The ex-dividend date of this dividend was Tuesday, April 22nd. The RMR Group’s payout ratio is currently 148.76%.

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.