The RMR Group Inc. (NASDAQ:RMR) Stock Position Raised by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its position in shares of The RMR Group Inc. (NASDAQ:RMR) by 77.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,100 shares of the financial services provider’s stock after purchasing an additional 5,294 shares during the period. BNP Paribas Financial Markets’ holdings in The RMR Group were worth $307,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in RMR. Garner Asset Management Corp increased its stake in The RMR Group by 14.8% in the 2nd quarter. Garner Asset Management Corp now owns 282,528 shares of the financial services provider’s stock valued at $6,385,000 after buying an additional 36,369 shares during the period. Federated Hermes Inc. increased its stake in shares of The RMR Group by 4.7% in the second quarter. Federated Hermes Inc. now owns 527,826 shares of the financial services provider’s stock worth $11,929,000 after acquiring an additional 23,654 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of The RMR Group by 2,439.0% during the third quarter. International Assets Investment Management LLC now owns 1,041 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,000 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in The RMR Group by 42.8% during the second quarter. Nisa Investment Advisors LLC now owns 8,029 shares of the financial services provider’s stock valued at $181,000 after purchasing an additional 2,405 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in The RMR Group by 9.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 69,321 shares of the financial services provider’s stock valued at $1,567,000 after purchasing an additional 6,273 shares in the last quarter. 42.31% of the stock is owned by institutional investors and hedge funds.

The RMR Group Price Performance

Shares of RMR opened at $21.97 on Monday. The firm has a market cap of $699.74 million, a PE ratio of 16.15 and a beta of 1.23. The firm’s 50 day moving average price is $23.50 and its 200 day moving average price is $24.01. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 0.85. The RMR Group Inc. has a twelve month low of $21.46 and a twelve month high of $28.82.

The RMR Group (NASDAQ:RMR) last posted its earnings results on Monday, November 11th. The financial services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.04). The RMR Group had a return on equity of 6.40% and a net margin of 2.57%. The business had revenue of $212.30 million for the quarter, compared to analyst estimates of $220.15 million. During the same period in the previous year, the company earned $0.48 earnings per share. As a group, research analysts expect that The RMR Group Inc. will post 1.62 EPS for the current fiscal year.

The RMR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.19%. The ex-dividend date of this dividend was Monday, October 28th. The RMR Group’s payout ratio is 132.35%.

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.