Invesco Ltd. Sells 482,496 Shares of The RMR Group Inc. $RMR

Invesco Ltd. cut its holdings in The RMR Group Inc. (NASDAQ:RMR) by 92.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,517 shares of the financial services provider’s stock after selling 482,496 shares during the period. Invesco Ltd. owned about 0.13% of The RMR Group worth $675,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of RMR. Garner Asset Management Corp grew its holdings in shares of The RMR Group by 29.9% in the first quarter. Garner Asset Management Corp now owns 417,999 shares of the financial services provider’s stock valued at $6,960,000 after acquiring an additional 96,315 shares in the last quarter. Millennium Management LLC raised its stake in shares of The RMR Group by 182.2% in the fourth quarter. Millennium Management LLC now owns 108,619 shares of the financial services provider’s stock valued at $2,242,000 after buying an additional 70,127 shares during the period. Aviance Capital Partners LLC raised its stake in shares of The RMR Group by 187.7% in the first quarter. Aviance Capital Partners LLC now owns 55,033 shares of the financial services provider’s stock valued at $916,000 after buying an additional 35,904 shares during the period. Ameriprise Financial Inc. lifted its position in shares of The RMR Group by 78.3% during the 4th quarter. Ameriprise Financial Inc. now owns 71,252 shares of the financial services provider’s stock valued at $1,471,000 after buying an additional 31,285 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of The RMR Group by 7.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 380,112 shares of the financial services provider’s stock valued at $7,846,000 after buying an additional 26,661 shares during the last quarter. 42.31% of the stock is owned by institutional investors.

The RMR Group Trading Up 1.4%

Shares of RMR opened at $16.80 on Friday. The RMR Group Inc. has a fifty-two week low of $13.48 and a fifty-two week high of $26.06. The business has a 50-day moving average of $16.78 and a 200 day moving average of $16.29. The firm has a market cap of $535.42 million, a P/E ratio of 14.36 and a beta of 1.20. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.88 and a current ratio of 0.88.

The RMR Group (NASDAQ:RMR) last announced its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. The RMR Group had a return on equity of 5.01% and a net margin of 2.56%.The business had revenue of $154.73 million for the quarter, compared to analysts’ expectations of $201.80 million. As a group, research analysts forecast that The RMR Group Inc. will post 1.51 EPS for the current year.

The RMR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, July 21st were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 10.7%. The ex-dividend date was Monday, July 21st. The RMR Group’s payout ratio is currently 153.85%.

About The RMR Group

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.