The RMR Group (NASDAQ:RMR) Reaches New 1-Year Low – Time to Sell?

The RMR Group Inc. (NASDAQ:RMR)’s stock price hit a new 52-week low on Thursday . The company traded as low as $18.21 and last traded at $18.19, with a volume of 39724 shares. The stock had previously closed at $18.39.

The RMR Group Stock Down 0.9 %

The stock has a 50 day moving average of $19.87 and a 200-day moving average of $22.75. The firm has a market capitalization of $577.44 million, a P/E ratio of 13.63 and a beta of 1.24. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 0.89.

The RMR Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, January 27th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 9.93%. The ex-dividend date is Monday, January 27th. The RMR Group’s dividend payout ratio is presently 135.34%.

Institutional Investors Weigh In On The RMR Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nantahala Capital Management LLC increased its position in shares of The RMR Group by 32.8% in the fourth quarter. Nantahala Capital Management LLC now owns 450,792 shares of the financial services provider’s stock worth $9,304,000 after purchasing an additional 111,306 shares during the last quarter. Northern Trust Corp increased its position in shares of The RMR Group by 9.2% in the fourth quarter. Northern Trust Corp now owns 168,664 shares of the financial services provider’s stock worth $3,481,000 after purchasing an additional 14,177 shares during the last quarter. Aquatic Capital Management LLC increased its position in shares of The RMR Group by 252.2% in the fourth quarter. Aquatic Capital Management LLC now owns 8,100 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 5,800 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of The RMR Group by 14.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 38,443 shares of the financial services provider’s stock worth $794,000 after purchasing an additional 4,910 shares during the last quarter. Finally, Stifel Financial Corp increased its position in shares of 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 last quarter. 42.31% of the stock is currently owned by institutional investors.

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.