The RMR Group (NASDAQ:RMR) Reaches New 12-Month Low – Should You Sell?

Shares of The RMR Group Inc. (NASDAQ:RMR) reached a new 52-week low on Wednesday . The stock traded as low as $17.91 and last traded at $18.00, with a volume of 231212 shares traded. The stock had previously closed at $18.13.

The RMR Group Stock Up 0.6 %

The business’s fifty day simple moving average is $19.54 and its 200 day simple moving average is $22.54. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The stock has a market cap of $573.94 million, a price-to-earnings ratio of 13.55 and a beta of 1.24.

The RMR Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 9.99%. The ex-dividend date was Monday, January 27th. The RMR Group’s dividend payout ratio (DPR) is 135.34%.

Hedge Funds Weigh In On The RMR Group

Several institutional investors and hedge funds have recently made changes to their positions in RMR. Hotchkis & Wiley Capital Management LLC boosted its stake in The RMR Group by 40.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 825,280 shares of the financial services provider’s stock worth $20,946,000 after purchasing an additional 238,360 shares during the period. Nantahala Capital Management LLC boosted its stake in The RMR Group by 32.8% in the 4th quarter. Nantahala Capital Management LLC now owns 450,792 shares of the financial services provider’s stock worth $9,304,000 after purchasing an additional 111,306 shares during the period. Millennium Management LLC boosted its stake in The RMR Group by 182.2% in the 4th quarter. Millennium Management LLC now owns 108,619 shares of the financial services provider’s stock worth $2,242,000 after purchasing an additional 70,127 shares during the period. Garner Asset Management Corp lifted its position in The RMR Group by 11.6% during the 4th quarter. Garner Asset Management Corp now owns 321,684 shares of the financial services provider’s stock worth $6,516,000 after buying an additional 33,411 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in 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 worth $1,471,000 after buying an additional 31,285 shares in the last quarter. Institutional investors and hedge funds own 42.31% of the company’s stock.

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.