The RMR Group (NASDAQ:RMR) Downgraded to Hold Rating by StockNews.com

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

The RMR Group Price Performance

Shares of NASDAQ:RMR opened at $18.81 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.10. The RMR Group has a twelve month low of $17.75 and a twelve month high of $26.43. The stock’s 50 day moving average is $18.96 and its 200-day moving average is $22.08. The firm has a market capitalization of $599.02 million, a price-to-earnings ratio of 14.14 and a beta of 1.19.

The RMR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.57%. The ex-dividend date of this dividend was Monday, January 27th. The RMR Group’s payout ratio is 135.34%.

Institutional Investors Weigh In On The RMR Group

A number of institutional investors and hedge funds have recently bought and sold shares of RMR. International Assets Investment Management LLC raised its position in The RMR Group by 2,439.0% in 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 buying an additional 1,000 shares during the last quarter. Janney Montgomery Scott LLC raised its position in The RMR Group by 2.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 30,102 shares of the financial services provider’s stock valued at $764,000 after buying an additional 817 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in The RMR Group in the 3rd quarter valued at $469,000. Thrivent Financial for Lutherans raised its position in The RMR Group by 166.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 25,010 shares of the financial services provider’s stock valued at $635,000 after buying an additional 15,616 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its position in The RMR Group by 18.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 3,177 shares of the financial services provider’s stock valued at $81,000 after buying an additional 500 shares during the last quarter. 42.31% of the stock is 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.