Seizert Capital Partners LLC acquired a new position in RMR Group Inc (NYSE:RMR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 52,133 shares of the financial services provider’s stock, valued at approximately $2,581,000. Seizert Capital Partners LLC owned approximately 0.32% of RMR Group at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in RMR. Acrospire Investment Management LLC increased its stake in shares of RMR Group by 189.5% in the third quarter. Acrospire Investment Management LLC now owns 3,129 shares of the financial services provider’s stock worth $119,000 after buying an additional 2,048 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in shares of RMR Group during the first quarter worth approximately $208,000. Wedbush Securities Inc. purchased a new stake in shares of RMR Group during the first quarter worth approximately $216,000. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of RMR Group during the first quarter worth approximately $245,000. Finally, Rational Advisors LLC purchased a new stake in shares of RMR Group during the first quarter worth approximately $297,000.
RMR Group Inc (NYSE:RMR) traded down 2.74% during trading on Friday, hitting $47.95. The company had a trading volume of 47,018 shares. The company has a market capitalization of $771.71 million and a price-to-earnings ratio of 17.32. RMR Group Inc has a one year low of $28.32 and a one year high of $55.10. The stock has a 50-day moving average of $51.34 and a 200 day moving average of $46.08.
RMR Group (NYSE:RMR) last issued its quarterly earnings results on Wednesday, May 10th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.01. The company had revenue of $54.30 million during the quarter, compared to analyst estimates of $52.79 million. Equities analysts forecast that RMR Group Inc will post $2.83 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, May 18th. Investors of record on Friday, April 21st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Wednesday, April 19th.
RMR has been the subject of a number of research reports. Zacks Investment Research upgraded RMR Group from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Tuesday. Oppenheimer Holdings Inc. initiated coverage on RMR Group in a research report on Tuesday, April 18th. They issued a “market perform” rating for the company. Finally, FBR & Co reiterated a “mkt perform” rating and issued a $48.00 price objective (up previously from $44.00) on shares of RMR Group in a research report on Friday, May 12th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $53.00.
About RMR Group
The RMR Group Inc is a holding company. The Company’s business is primarily conducted by its subsidiary, The RMR Group LLC (RMR LLC). The Company’s segments include RMR LLC and All Other Operations. RMR LLC manages a portfolio of publicly owned real estate and real estate related businesses. RMR LLC manages Government Properties Income Trust, a real estate investment trust (REIT) that primarily owns properties that are leased to government tenants; Hospitality Properties Trust, an REIT that primarily owns hotels and travel centers; Select Income REIT, an REIT that primarily owns properties leased to single tenants across the United States and leased lands in Hawaii, and Senior Housing Properties Trust, an REIT that primarily owns senior living communities and medical office buildings.
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