The RMR Group (NASDAQ:RMR) Stock Crosses Below 50-Day Moving Average – Time to Sell?

The RMR Group Inc. (NASDAQ:RMR) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $15.50 and traded as low as $14.84. The RMR Group shares last traded at $14.91, with a volume of 208,348 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of The RMR Group in a research note on Wednesday. Wall Street Zen lowered shares of The RMR Group from a “hold” rating to a “sell” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

The RMR Group Stock Performance

The company has a market capitalization of $496.22 million, a PE ratio of 13.31 and a beta of 1.20. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.88 and a quick ratio of 0.88. The company has a 50 day moving average of $15.47 and a two-hundred day moving average of $15.97.

The RMR Group (NASDAQ:RMR) last issued its quarterly earnings results on Wednesday, November 12th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. The RMR Group had a net margin of 2.56% and a return on equity of 5.01%. The company had revenue of $152.23 million during the quarter, compared to analyst estimates of $210.10 million. As a group, equities research analysts predict that The RMR Group Inc. will post 1.51 earnings per share for the current year.

The RMR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, October 27th were paid a $0.45 dividend. The ex-dividend date was Monday, October 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.6%. The RMR Group’s payout ratio is currently 171.43%.

Institutional Investors Weigh In On The RMR Group

A number of hedge funds have recently added to or reduced their stakes in RMR. PharVision Advisers LLC bought a new position in shares of The RMR Group in the 3rd quarter worth approximately $205,000. Quarry LP purchased a new stake in The RMR Group during the third quarter valued at approximately $36,000. Alliancebernstein L.P. raised its position in The RMR Group by 7.1% in the third quarter. Alliancebernstein L.P. now owns 21,097 shares of the financial services provider’s stock worth $332,000 after acquiring an additional 1,400 shares during the period. Schonfeld Strategic Advisors LLC boosted its stake in shares of The RMR Group by 18.3% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 16,980 shares of the financial services provider’s stock worth $267,000 after acquiring an additional 2,630 shares during the last quarter. Finally, Creative Planning purchased a new position in The RMR Group during the third quarter valued at $266,000. 42.31% of the stock is currently owned by hedge funds and other institutional investors.

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.