The RMR Group Inc. (NASDAQ:RMR) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System reduced its position in The RMR Group Inc. (NASDAQ:RMR) by 4.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 15,694 shares of the financial services provider’s stock after selling 800 shares during the period. California State Teachers Retirement System’s holdings in The RMR Group were worth $377,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC grew its position in shares of The RMR Group by 2,724.2% during the fourth quarter. International Assets Investment Management LLC now owns 932 shares of the financial services provider’s stock worth $26,000 after buying an additional 899 shares in the last quarter. Covestor Ltd boosted its stake in The RMR Group by 44.3% during the 1st quarter. Covestor Ltd now owns 3,940 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 1,210 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in The RMR Group by 26.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,217 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 874 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of The RMR Group by 75.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 6,445 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 2,780 shares during the last quarter. Finally, Panagora Asset Management Inc. acquired a new stake in shares of The RMR Group in the 4th quarter valued at about $227,000. 42.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, B. Riley lowered their price objective on The RMR Group from $35.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, May 15th.

The RMR Group Price Performance

RMR stock opened at $24.43 on Monday. The firm has a market cap of $775.16 million, a price-to-earnings ratio of 9.08 and a beta of 1.27. The RMR Group Inc. has a 1-year low of $21.60 and a 1-year high of $28.82. The firm has a fifty day moving average price of $23.92 and a two-hundred day moving average price of $23.86.

The RMR Group (NASDAQ:RMR) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). The business had revenue of $205.48 million during the quarter, compared to analyst estimates of $227.68 million. The RMR Group had a net margin of 2.80% and a return on equity of 6.95%. During the same period last year, the firm posted $0.48 earnings per share. As a group, analysts expect that The RMR Group Inc. will post 1.65 EPS for the current fiscal year.

The RMR Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, July 22nd were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.37%. The ex-dividend date was Monday, July 22nd. The RMR Group’s payout ratio is 66.91%.

The RMR Group 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.