Nisa Investment Advisors LLC Sells 3,910 Shares of The RMR Group Inc. (NASDAQ:RMR)

Nisa Investment Advisors LLC cut its holdings in The RMR Group Inc. (NASDAQ:RMR) by 41.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,600 shares of the financial services provider’s stock after selling 3,910 shares during the period. Nisa Investment Advisors LLC’s holdings in The RMR Group were worth $158,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC increased its stake in shares of The RMR Group by 2,724.2% in the fourth quarter. International Assets Investment Management LLC now owns 932 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 899 shares during the period. Teachers Retirement System of The State of Kentucky bought a new position in The RMR Group during the third quarter valued at about $30,000. Tower Research Capital LLC TRC increased its stake in The RMR Group by 930.3% during the first quarter. Tower Research Capital LLC TRC now owns 1,226 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 1,107 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in The RMR Group during the second quarter valued at about $34,000. Finally, Asset Management One Co. Ltd. bought a new position in The RMR Group during the third quarter valued at about $56,000. 42.31% of the stock is currently owned by institutional investors.

The RMR Group Trading Down 3.3 %

NASDAQ RMR opened at $22.57 on Friday. The stock’s 50 day moving average is $23.85 and its two-hundred day moving average is $24.67. The company has a market capitalization of $715.67 million, a price-to-earnings ratio of 6.52 and a beta of 1.30. The RMR Group Inc. has a 1-year low of $20.79 and a 1-year high of $28.82.

The RMR Group (NASDAQ:RMR) last released its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. The company had revenue of $261.67 million for the quarter, compared to the consensus estimate of $223.18 million. The RMR Group had a return on equity of 7.78% and a net margin of 5.93%. On average, analysts predict that The RMR Group Inc. will post 1.92 earnings per share for the current year.

The RMR Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 7.98%. This is an increase from The RMR Group’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, April 19th. The RMR Group’s payout ratio is presently 52.02%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RMR. StockNews.com lowered The RMR Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. TheStreet upgraded The RMR Group from a “c+” rating to a “b-” rating in a research note on Tuesday, January 2nd. Finally, JMP Securities began coverage on The RMR Group in a research note on Friday. They set a “market perform” rating on the stock.

The RMR Group 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.