The RMR Group (NASDAQ:RMR) Sets New 1-Year Low – What’s Next?

The RMR Group Inc. (NASDAQ:RMR) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $17.58 and last traded at $17.67, with a volume of 14611 shares. The stock had previously closed at $17.80.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded The RMR Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th.

The RMR Group Price Performance

The stock has a market capitalization of $538.52 million, a price-to-earnings ratio of 12.71 and a beta of 1.19. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.10. The business has a 50-day simple moving average of $18.73 and a two-hundred day simple moving average of $21.90.

The RMR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were given a $0.45 dividend. The ex-dividend date was Monday, January 27th. This represents a $1.80 dividend on an annualized basis and a yield of 10.64%. The RMR Group’s dividend payout ratio (DPR) is 135.34%.

Institutional Investors Weigh In On The RMR Group

A number of institutional investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. lifted its position in The RMR Group by 18.7% in the third quarter. Meeder Asset Management Inc. now owns 3,177 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 500 shares during the period. Martingale Asset Management L P lifted its position in The RMR Group by 1.0% in the fourth quarter. Martingale Asset Management L P now owns 68,911 shares of the financial services provider’s stock worth $1,422,000 after purchasing an additional 662 shares during the period. Stifel Financial Corp lifted its position in The RMR Group by 1.2% in the fourth quarter. Stifel Financial Corp now owns 66,184 shares of the financial services provider’s stock worth $1,366,000 after purchasing an additional 771 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of The RMR Group by 2.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 30,102 shares of the financial services provider’s stock valued at $764,000 after acquiring an additional 817 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of The RMR Group by 15.3% during the 4th quarter. SG Americas Securities LLC now owns 6,832 shares of the financial services provider’s stock valued at $141,000 after acquiring an additional 908 shares during the last quarter. 42.31% of the stock is currently owned by institutional investors and hedge funds.

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.