The RMR Group (NASDAQ:RMR) Shares Cross Below 50-Day Moving Average – Time to Sell?

Shares of The RMR Group Inc. (NASDAQ:RMR) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $16.37 and traded as low as $15.42. The RMR Group shares last traded at $15.50, with a volume of 73,063 shares trading hands.

Wall Street Analysts Forecast Growth

RMR has been the topic of several recent analyst reports. B. Riley Financial cut their target price on shares of The RMR Group from $24.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. Zacks Research lowered shares of The RMR Group from a “hold” rating to a “strong sell” rating in a report on Friday, March 13th. Weiss Ratings raised shares of The RMR Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, February 5th. LADENBURG THALM/SH SH initiated coverage on shares of The RMR Group in a report on Wednesday, January 7th. They issued a “buy” rating and a $17.00 price target on the stock. Finally, Wall Street Zen upgraded shares of The RMR Group from a “sell” rating to a “hold” rating in a research report on Monday, December 22nd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.00.

The RMR Group Price Performance

The stock has a market capitalization of $496.93 million, a PE ratio of 11.23 and a beta of 0.93. The company has a 50 day moving average price of $16.37 and a 200-day moving average price of $15.82.

The RMR Group (NASDAQ:RMR) last announced its quarterly 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 company 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 analysts anticipate that The RMR Group Inc. will post 1.51 earnings per share for the current year.

The RMR Group Dividend Announcement

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

Hedge Funds Weigh In On The RMR Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nantahala Capital Management LLC raised its stake in The RMR Group by 55.9% in the second quarter. Nantahala Capital Management LLC now owns 1,147,902 shares of the financial services provider’s stock worth $18,768,000 after buying an additional 411,700 shares in the last quarter. Bank of America Corp DE boosted its position in The RMR Group by 435.7% during the 2nd quarter. Bank of America Corp DE now owns 94,663 shares of the financial services provider’s stock valued at $1,548,000 after acquiring an additional 76,991 shares in the last quarter. Federated Hermes Inc. boosted its position in The RMR Group by 12.1% during the 4th quarter. Federated Hermes Inc. now owns 576,628 shares of the financial services provider’s stock valued at $8,592,000 after acquiring an additional 62,307 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of The RMR Group during the 1st quarter worth approximately $988,000. Finally, GSA Capital Partners LLP bought a new position in shares of The RMR Group in the 3rd quarter worth approximately $801,000. 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.