Baird Financial Group Inc. Raises Stock Holdings in The RMR Group Inc. (NASDAQ:RMR)

Baird Financial Group Inc. boosted its stake in The RMR Group Inc. (NASDAQ:RMR) by 20.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 74,475 shares of the financial services provider’s stock after buying an additional 12,763 shares during the period. Baird Financial Group Inc. owned approximately 0.23% of The RMR Group worth $1,537,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. raised its holdings in The RMR Group by 12.9% in the 3rd quarter. Franklin Resources Inc. now owns 24,838 shares of the financial services provider’s stock valued at $625,000 after buying an additional 2,831 shares during the period. JPMorgan Chase & Co. raised its holdings in The RMR Group by 36.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 112,982 shares of the financial services provider’s stock valued at $2,867,000 after buying an additional 30,258 shares during the period. Proficio Capital Partners LLC purchased a new stake in The RMR Group in the 4th quarter valued at about $319,000. Garner Asset Management Corp raised its holdings in The RMR Group by 11.6% in the 4th quarter. Garner Asset Management Corp now owns 321,684 shares of the financial services provider’s stock valued at $6,516,000 after buying an additional 33,411 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in The RMR Group by 4.8% in the 4th quarter. Renaissance Technologies LLC now owns 487,214 shares of the financial services provider’s stock valued at $10,056,000 after buying an additional 22,300 shares during the period. 42.31% of the stock is currently owned by hedge funds and other institutional investors.

The RMR Group Stock Up 3.0%

Shares of NASDAQ:RMR opened at $14.80 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of $471.32 million, a PE ratio of 11.13 and a beta of 1.10. The firm’s 50-day moving average is $15.85 and its two-hundred day moving average is $18.94. The RMR Group Inc. has a 1 year low of $13.48 and a 1 year high of $26.43.

The RMR Group (NASDAQ:RMR) last issued its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The business had revenue of $166.67 million for the quarter, compared to analysts’ expectations of $214.10 million. The RMR Group had a return on equity of 5.83% and a net margin of 2.62%. Analysts predict that The RMR Group Inc. will post 1.51 EPS for the current year.

The RMR Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.80 dividend on an annualized basis and a yield of 12.16%. The RMR Group’s dividend payout ratio (DPR) is presently 148.76%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RMR. B. Riley began coverage on shares of The RMR Group in a report on Tuesday, April 22nd. They issued a “buy” rating and a $24.00 price objective on the stock. StockNews.com upgraded shares of The RMR Group from a “hold” rating to a “buy” rating in a research note on Tuesday, March 25th.

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.