State Street Corp Has $9.50 Million Stock Holdings in The RMR Group Inc. (NASDAQ:RMR)

State Street Corp reduced its holdings in The RMR Group Inc. (NASDAQ:RMR) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 374,439 shares of the financial services provider’s stock after selling 2,965 shares during the quarter. State Street Corp’s holdings in The RMR Group were worth $9,503,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. International Assets Investment Management LLC raised its position 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 during the last quarter. Meeder Asset Management Inc. raised its holdings in The RMR Group by 327.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,677 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 2,051 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of The RMR Group in the 3rd quarter worth approximately $150,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of The RMR Group by 56.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,595 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 2,378 shares during the period. Finally, Fiduciary Financial Group LLC bought a new stake in shares of The RMR Group in the 3rd quarter valued at $218,000. Institutional investors own 42.31% of the company’s stock.

The RMR Group Trading Up 0.2 %

RMR opened at $20.82 on Friday. The stock has a market cap of $663.03 million, a PE ratio of 15.31 and a beta of 1.23. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.10. The RMR Group Inc. has a twelve month low of $20.26 and a twelve month high of $28.82. The company has a fifty day moving average of $22.77 and a 200-day moving average of $23.86.

The RMR Group (NASDAQ:RMR) last posted its quarterly earnings data on Monday, November 11th. The financial services provider reported $0.34 earnings per share 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 during the quarter, compared to the consensus estimate of $220.15 million. During the same period last year, the business posted $0.48 earnings per share. On average, sell-side analysts predict that The RMR Group Inc. will post 1.62 EPS for the current year.

The RMR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 8.65%. The ex-dividend date of this dividend was Monday, October 28th. The RMR Group’s dividend payout ratio (DPR) is presently 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.