Two Sigma Advisers LP Has $582,000 Holdings in The RMR Group Inc. (NASDAQ:RMR)

Two Sigma Advisers LP cut its holdings in shares of The RMR Group Inc. (NASDAQ:RMR) by 24.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,200 shares of the financial services provider’s stock after selling 9,200 shares during the quarter. Two Sigma Advisers LP owned about 0.09% of The RMR Group worth $582,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of RMR. Quantbot Technologies LP acquired a new position in shares of The RMR Group during the fourth quarter worth approximately $63,000. SG Americas Securities LLC increased its position 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 valued at $141,000 after purchasing an additional 908 shares during the period. Aquatic Capital Management LLC increased its position in shares of The RMR Group by 252.2% during the fourth quarter. Aquatic Capital Management LLC now owns 8,100 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 5,800 shares during the period. Wells Fargo & Company MN increased its position in shares of 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 period. Finally, Deutsche Bank AG increased its position in shares of The RMR Group by 140.1% during the fourth quarter. Deutsche Bank AG now owns 13,515 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 7,885 shares during the period. 42.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wall Street Zen upgraded The RMR Group from a “hold” rating to a “buy” rating in a research report on Tuesday, March 25th. B. Riley assumed coverage on The RMR Group in a research report on Tuesday, April 22nd. They set a “buy” rating and a $24.00 price objective on the stock.

The RMR Group Stock Performance

RMR opened at $15.54 on Wednesday. The stock has a market cap of $495.37 million, a PE ratio of 11.68 and a beta of 1.10. 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 RMR Group Inc. has a 1 year low of $13.48 and a 1 year high of $26.43. The stock’s 50 day simple moving average is $15.06 and its 200-day simple moving average is $17.99.

The RMR Group (NASDAQ:RMR) last announced its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The RMR Group had a net margin of 2.62% and a return on equity of 5.83%. The company had revenue of $166.67 million during the quarter, compared to the consensus estimate of $214.10 million. Sell-side analysts forecast that The RMR Group Inc. will post 1.51 EPS for the current year.

The RMR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 11.58%. The ex-dividend date was Tuesday, April 22nd. The RMR Group’s dividend payout ratio (DPR) is 148.76%.

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.