The RMR Group (NASDAQ:RMR) Cut to Hold at StockNews.com

StockNews.com cut shares of The RMR Group (NASDAQ:RMR) from a buy rating to a hold rating in a research note released on Saturday.

The RMR Group Stock Performance

Shares of RMR opened at $18.51 on Friday. The RMR Group has a 52-week low of $17.75 and a 52-week high of $26.43. The stock’s 50-day simple moving average is $18.92 and its 200 day simple moving average is $22.01. 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 stock has a market capitalization of $589.47 million, a price-to-earnings ratio of 13.92 and a beta of 1.19.

The RMR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.80 annualized dividend and a yield of 9.72%. The RMR Group’s dividend payout ratio is currently 135.34%.

Institutional Trading of The RMR Group

A number of hedge funds and other institutional investors have recently bought and sold shares of RMR. International Assets Investment Management LLC grew its position in shares of The RMR Group by 2,439.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,041 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,000 shares in the last quarter. Quantbot Technologies LP bought a new stake in The RMR Group during the fourth quarter valued at $63,000. Meeder Asset Management Inc. grew its position in The RMR Group by 18.7% during the third quarter. Meeder Asset Management Inc. now owns 3,177 shares of the financial services provider’s stock worth $81,000 after buying an additional 500 shares in the last quarter. SG Americas Securities LLC increased its stake in The RMR Group by 15.3% in the 4th quarter. SG Americas Securities LLC now owns 6,832 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 908 shares during the last quarter. Finally, Aquatic Capital Management LLC raised its holdings in shares of The RMR Group by 252.2% in the 4th quarter. Aquatic Capital Management LLC now owns 8,100 shares of the financial services provider’s stock valued at $167,000 after acquiring an additional 5,800 shares in the last quarter. 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.