The RMR Group (NASDAQ:RMR) Stock Passes Below Fifty Day Moving Average – Here’s What Happened

Shares of The RMR Group Inc. (NASDAQ:RMR) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $16.10 and traded as low as $16.02. The RMR Group shares last traded at $16.47, with a volume of 226,283 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. LADENBURG THALM/SH SH began coverage on shares of The RMR Group in a research report on Wednesday, January 7th. They set a “buy” rating and a $17.00 target price on the stock. Zacks Research raised The RMR Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Weiss Ratings raised The RMR Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, February 5th. Finally, Wall Street Zen raised The RMR Group from a “sell” rating to a “hold” rating in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $20.50.

The RMR Group Trading Up 0.5%

The firm has a market cap of $528.03 million, a price-to-earnings ratio of 11.93 and a beta of 0.93. The firm has a 50-day moving average of $16.10 and a two-hundred day moving average of $15.86.

The RMR Group (NASDAQ:RMR) last released its earnings results on Wednesday, February 4th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The RMR Group had a return on equity of 4.03% and a net margin of 3.52%.The firm had revenue of $180.42 million for the quarter, compared to analyst estimates of $214.10 million. As a group, equities analysts anticipate that The RMR Group Inc. will post 1.51 EPS for the current year.

The RMR Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Monday, January 26th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 10.9%. The ex-dividend date was Monday, January 26th. The RMR Group’s dividend payout ratio is presently 130.43%.

Insiders Place Their Bets

In related news, major shareholder Tremont Realty Capital Llc purchased 2,015,748 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were bought at an average cost of $8.65 per share, for a total transaction of $17,436,220.20. Following the transaction, the insider directly owned 4,577,835 shares of the company’s stock, valued at approximately $39,598,272.75. This trade represents a 78.68% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 54.69% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On The RMR Group

Several hedge funds have recently made changes to their positions in RMR. NewEdge Advisors LLC grew its position in The RMR Group by 313.1% during the first quarter. NewEdge Advisors LLC now owns 1,483 shares of the financial services provider’s stock worth $25,000 after buying an additional 1,124 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of The RMR Group by 538.5% in the 3rd quarter. New York State Common Retirement Fund now owns 1,660 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,400 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of The RMR Group by 1,307.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,773 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 1,647 shares in the last quarter. Quarry LP acquired a new stake in shares of The RMR Group during the 3rd quarter worth approximately $36,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of The RMR Group during the fourth quarter valued at approximately $41,000. Institutional investors own 42.31% of the company’s stock.

The RMR Group Company Profile

The RMR Group, Inc (NASDAQ: RMR) is a publicly traded asset management company that specializes in providing comprehensive real estate and investment management services to both public and private entities. Acting as an external manager, RMR offers a range of services encompassing property management, asset management, fund administration, accounting, investor relations and compliance oversight. Its client base includes real estate investment trusts (REITs), real estate operating companies (REOCs), closed-end real estate funds and institutional investors.

Founded in 1986, RMR Group has built a business model centered on recurring fee revenue generated through long-term service agreements with its managed entities.