The RMR Group (NASDAQ:RMR) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of The RMR Group (NASDAQ:RMR) from a hold rating to a sell rating in a research report report published on Sunday morning.

RMR has been the topic of a number of other reports. Weiss Ratings reissued a “sell (d+)” rating on shares of The RMR Group in a report on Monday, December 8th. Zacks Research cut shares of The RMR Group from a “hold” rating to a “strong sell” rating in a research note on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, The RMR Group currently has an average rating of “Hold” and a consensus price target of $24.00.

The RMR Group Stock Performance

NASDAQ RMR opened at $15.58 on Friday. The firm has a market cap of $499.49 million, a P/E ratio of 14.84 and a beta of 0.97. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average is $15.24 and its 200-day moving average is $16.06. The RMR Group has a 12-month low of $13.48 and a 12-month high of $21.91.

The RMR Group (NASDAQ:RMR) last released its quarterly earnings data on Wednesday, November 12th. The financial services provider reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The RMR Group had a net margin of 2.48% and a return on equity of 4.60%. The company had revenue of $152.23 million during the quarter, compared to the consensus estimate of $210.10 million. Sell-side analysts predict that The RMR Group will post 1.51 earnings per share for the current year.

The RMR Group Dividend Announcement

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

Insiders Place Their Bets

In related news, major shareholder Tremont Realty Capital Llc bought 2,015,748 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was acquired at an average cost of $8.65 per share, for a total transaction of $17,436,220.20. Following the completion of the transaction, the insider directly owned 4,577,835 shares in the company, valued at $39,598,272.75. This trade represents a 78.68% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 54.85% of the stock is owned by corporate insiders.

Institutional Trading of The RMR Group

Several institutional investors and hedge funds have recently made changes to their positions in RMR. NewEdge Advisors LLC increased its stake in The RMR Group by 313.1% in the first quarter. NewEdge Advisors LLC now owns 1,483 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 1,124 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in shares of The RMR Group by 538.5% in the 3rd quarter. New York State Common Retirement Fund now owns 1,660 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,400 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of The RMR Group by 1,307.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,773 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,647 shares during the last quarter. Quarry LP purchased a new position in shares of The RMR Group during the 3rd quarter valued at about $36,000. Finally, AlphaQuest LLC lifted its position in The RMR Group by 131.3% in the 1st quarter. AlphaQuest LLC now owns 2,406 shares of the financial services provider’s stock worth $40,000 after buying an additional 1,366 shares during the last quarter. Hedge funds and other 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.