Teacher Retirement System of Texas Sells 32,006 Shares of The RMR Group Inc. (NASDAQ:RMR)

Teacher Retirement System of Texas trimmed its position in shares of The RMR Group Inc. (NASDAQ:RMR) by 45.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,165 shares of the financial services provider’s stock after selling 32,006 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.12% of The RMR Group worth $635,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of RMR. GAMMA Investing LLC grew its position in shares of The RMR Group by 20,880.0% in the 1st quarter. GAMMA Investing LLC now owns 2,098 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 2,088 shares during the period. Quantbot Technologies LP acquired a new position in shares of The RMR Group during the 4th quarter worth about $63,000. Aquatic Capital Management LLC grew its holdings in shares of The RMR Group by 252.2% in the 4th quarter. Aquatic Capital Management LLC now owns 8,100 shares of the financial services provider’s stock valued at $167,000 after acquiring an additional 5,800 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of The RMR Group by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 9,205 shares of the financial services provider’s stock valued at $190,000 after acquiring an additional 2,010 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in The RMR Group during the first quarter worth about $248,000. 42.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

The RMR Group Stock Down 2.5%

RMR opened at $17.22 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.10. The stock’s fifty day simple moving average is $15.88 and its 200 day simple moving average is $16.94. The RMR Group Inc. has a 1-year low of $13.48 and a 1-year high of $26.43. The stock has a market cap of $548.97 million, a PE ratio of 14.23 and a beta of 1.13.

The RMR Group (NASDAQ:RMR) last posted its earnings results on Tuesday, May 6th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The company had revenue of $166.67 million for the quarter, compared to analyst estimates of $214.10 million. The RMR Group had a return on equity of 5.35% and a net margin of 2.51%. As a group, research analysts expect that The RMR Group Inc. will post 1.51 earnings per share for the current year.

The RMR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Monday, July 21st will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 10.45%. The ex-dividend date of this dividend is Monday, July 21st. The RMR Group’s dividend payout ratio is 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.