Maven Securities LTD bought a new stake in shares of RMR Group Inc (NASDAQ:RMR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 50,000 shares of the financial services provider’s stock, valued at approximately $2,320,000. RMR Group accounts for about 1.5% of Maven Securities LTD’s portfolio, making the stock its 26th largest position.
Other institutional investors have also made changes to their positions in the company. Bank of Montreal Can increased its holdings in RMR Group by 104.3% in the 1st quarter. Bank of Montreal Can now owns 672 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 343 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in RMR Group by 255.8% during the first quarter. BNP Paribas Arbitrage SA now owns 1,836 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 1,320 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in RMR Group during the second quarter worth $224,000. Public Employees Retirement System of Ohio lifted its holdings in RMR Group by 69.6% during the second quarter. Public Employees Retirement System of Ohio now owns 4,857 shares of the financial services provider’s stock valued at $228,000 after purchasing an additional 1,994 shares in the last quarter. Finally, Capital Fund Management S.A. lifted its holdings in RMR Group by 13.7% during the second quarter. Capital Fund Management S.A. now owns 5,800 shares of the financial services provider’s stock valued at $272,000 after purchasing an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 47.20% of the company’s stock.
In other RMR Group news, major shareholder Housing Properties Trus Senior sold 2,637,408 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $40.00, for a total value of $105,496,320.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 55.10% of the company’s stock.
A number of research firms have recently commented on RMR. Citigroup began coverage on shares of RMR Group in a research note on Wednesday, September 4th. They set a “neutral” rating and a $46.00 target price for the company. CIBC upgraded shares of RMR Group from a “market perform” rating to an “outperform” rating and set a $54.00 price target for the company in a research report on Monday, July 1st. S&P Equity Research raised shares of RMR Group from a “market perform” rating to an “outperform” rating and set a $54.00 price target on the stock in a research note on Monday, July 1st. They noted that the move was a valuation call. B. Riley lowered their price objective on RMR Group from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Finally, BidaskClub upgraded RMR Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. RMR Group has a consensus rating of “Hold” and an average price target of $55.50.
NASDAQ RMR traded down $0.03 during mid-day trading on Wednesday, hitting $47.97. The stock had a trading volume of 4,304 shares, compared to its average volume of 103,545. The firm’s 50 day moving average is $46.49 and its 200 day moving average is $53.98. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 20.65 and a beta of 1.22. RMR Group Inc has a twelve month low of $41.69 and a twelve month high of $98.00.
RMR Group (NASDAQ:RMR) last announced its earnings results on Friday, August 9th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). RMR Group had a return on equity of 15.50% and a net margin of 12.02%. The business had revenue of $143.72 million for the quarter, compared to analyst estimates of $133.10 million. On average, sell-side analysts anticipate that RMR Group Inc will post 4.85 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, July 29th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Friday, July 26th. RMR Group’s dividend payout ratio is currently 60.09%.
About RMR Group
The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides business and property management services in the United States. It provides management services to its five publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2018, the company had approximately 1,700 properties under management, which are primarily owned by its Managed Equity REITs.
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