The RMR Group (NASDAQ:RMR) Upgraded at StockNews.com

StockNews.com upgraded shares of The RMR Group (NASDAQ:RMR) from a hold rating to a buy rating in a research report sent to investors on Friday morning.

The RMR Group Price Performance

Shares of NASDAQ RMR opened at $18.22 on Friday. The RMR Group has a fifty-two week low of $17.75 and a fifty-two week high of $26.43. The company has a 50 day simple moving average of $19.23 and a two-hundred day simple moving average of $22.33. The company has a market capitalization of $580.23 million, a price-to-earnings ratio of 13.70 and a beta of 1.24. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.89.

The RMR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.88%. The ex-dividend date of this dividend was Monday, January 27th. The RMR Group’s dividend payout ratio is 135.34%.

Institutional Investors Weigh In On The RMR Group

A number of institutional investors have recently made changes to their positions in RMR. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of The RMR Group by 40.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 825,280 shares of the financial services provider’s stock valued at $20,946,000 after buying an additional 238,360 shares during the last quarter. Nantahala Capital Management LLC grew its holdings in shares of The RMR Group by 32.8% during the fourth quarter. Nantahala Capital Management LLC now owns 450,792 shares of the financial services provider’s stock valued at $9,304,000 after buying an additional 111,306 shares during the last quarter. Millennium Management LLC grew its holdings in shares of The RMR Group by 182.2% during the fourth quarter. Millennium Management LLC now owns 108,619 shares of the financial services provider’s stock valued at $2,242,000 after buying an additional 70,127 shares during the last quarter. Garner Asset Management Corp grew its holdings in shares of The RMR Group by 11.6% during the fourth quarter. Garner Asset Management Corp now owns 321,684 shares of the financial services provider’s stock valued at $6,516,000 after buying an additional 33,411 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of The RMR Group by 78.3% during the fourth quarter. Ameriprise Financial Inc. now owns 71,252 shares of the financial services provider’s stock valued at $1,471,000 after buying an additional 31,285 shares during the last quarter. Hedge funds and other institutional investors own 42.31% of the company’s stock.

The RMR Group Company Profile

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.