The RMR Group (NASDAQ:RMR) Reaches New 1-Year Low – What’s Next?

The RMR Group Inc. (NASDAQ:RMR)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $16.08 and last traded at $16.45, with a volume of 375 shares changing hands. The stock had previously closed at $16.44.

Analyst Ratings Changes

Separately, StockNews.com upgraded The RMR Group from a “hold” rating to a “buy” rating in a report on Tuesday, March 25th.

The RMR Group Stock Down 0.9 %

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 business has a 50-day simple moving average of $18.03 and a 200-day simple moving average of $21.11. The stock has a market cap of $519.09 million, a P/E ratio of 12.26 and a beta of 1.19.

The RMR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.80 annualized dividend and a yield of 11.04%. The RMR Group’s dividend payout ratio is 135.34%.

Institutional Investors Weigh In On The RMR Group

Several institutional investors and hedge funds have recently made changes to their positions in RMR. Thrivent Financial for Lutherans raised its position in shares of The RMR Group by 166.2% during the third quarter. Thrivent Financial for Lutherans now owns 25,010 shares of the financial services provider’s stock worth $635,000 after acquiring an additional 15,616 shares during the last quarter. FMR LLC lifted its holdings in shares of The RMR Group by 9.3% in the third quarter. FMR LLC now owns 41,739 shares of the financial services provider’s stock valued at $1,059,000 after purchasing an additional 3,548 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in The RMR Group by 77.8% during the third quarter. BNP Paribas Financial Markets now owns 12,100 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 5,294 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in The RMR Group by 13.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,496 shares of the financial services provider’s stock worth $926,000 after acquiring an additional 4,390 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in shares of The RMR Group by 40.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 825,280 shares of the financial services provider’s stock valued at $20,946,000 after buying an additional 238,360 shares in the last quarter. Institutional investors and hedge funds own 42.31% of the company’s stock.

About The RMR Group

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.