The RMR Group (NASDAQ:RMR) Share Price Passes Below 50-Day Moving Average – Time to Sell?

The RMR Group Inc. (NASDAQ:RMR) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $16.26 and traded as low as $15.42. The RMR Group shares last traded at $15.49, with a volume of 159,927 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. B. Riley Financial dropped their price target on The RMR Group from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. Zacks Research cut The RMR Group from a “hold” rating to a “strong sell” rating in a research note on Friday, March 13th. Weiss Ratings raised The RMR Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, February 5th. Wall Street Zen raised The RMR Group from a “sell” rating to a “hold” rating in a research note on Monday, December 22nd. Finally, LADENBURG THALM/SH SH began coverage on The RMR Group in a report on Wednesday, January 7th. They set a “buy” rating and a $17.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, The RMR Group currently has a consensus rating of “Hold” and an average target price of $19.00.

The RMR Group Trading Up 0.1%

The company has a market capitalization of $496.61 million, a PE ratio of 11.22 and a beta of 0.93. The business’s fifty day moving average is $16.26 and its two-hundred day moving average is $15.77.

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

The RMR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Monday, January 26th were given a $0.45 dividend. The ex-dividend date of this dividend was Monday, January 26th. This represents a $1.80 dividend on an annualized basis and a yield of 11.6%. The RMR Group’s payout ratio is 130.43%.

Institutional Trading of The RMR Group

A number of institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC raised its holdings in shares of 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 valued at $25,000 after purchasing an additional 1,124 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in The RMR Group by 12.1% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 11,252 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 1,212 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in The RMR Group by 11.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 13,337 shares of the financial services provider’s stock worth $199,000 after purchasing an additional 1,345 shares during the last quarter. New York State Common Retirement Fund grew its position in 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 purchasing an additional 1,400 shares during the period. Finally, Alliancebernstein L.P. grew its position in The RMR Group by 7.1% in the 3rd quarter. Alliancebernstein L.P. now owns 21,097 shares of the financial services provider’s stock worth $332,000 after purchasing an additional 1,400 shares during the period. Hedge funds and other institutional investors own 42.31% of the company’s stock.

About The RMR Group

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.