Federated Hermes Inc. Has $14.10 Million Position in The RMR Group Inc. (NASDAQ:RMR)

Federated Hermes Inc. reduced its holdings in The RMR Group Inc. (NASDAQ:RMR) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 499,427 shares of the financial services provider’s stock after selling 13,744 shares during the quarter. Federated Hermes Inc. owned about 1.57% of The RMR Group worth $14,099,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in shares of The RMR Group by 2,724.2% in the fourth quarter. International Assets Investment Management LLC now owns 932 shares of the financial services provider’s stock valued at $26,000 after buying an additional 899 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of The RMR Group in the fourth quarter valued at about $62,000. Asset Management One Co. Ltd. bought a new stake in shares of The RMR Group in the third quarter valued at about $56,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of The RMR Group by 26.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,217 shares of the financial services provider’s stock valued at $119,000 after buying an additional 874 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of The RMR Group in the fourth quarter valued at about $155,000. Institutional investors own 42.31% of the company’s stock.

The RMR Group Stock Up 1.2 %

NASDAQ:RMR opened at $22.84 on Tuesday. The RMR Group Inc. has a 12-month low of $20.79 and a 12-month high of $28.82. The firm has a market capitalization of $724.26 million, a PE ratio of 6.60 and a beta of 1.30. The firm has a 50-day moving average price of $23.73 and a 200 day moving average price of $24.66.

The RMR Group (NASDAQ:RMR) last posted its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.04. The firm had revenue of $261.67 million during the quarter, compared to analyst estimates of $223.18 million. The RMR Group had a net margin of 5.93% and a return on equity of 7.78%. On average, research analysts expect that The RMR Group Inc. will post 1.92 EPS for the current year.

The RMR Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 22nd will be given a $0.45 dividend. This is a boost from The RMR Group’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 7.88%. The ex-dividend date of this dividend is Friday, April 19th. The RMR Group’s payout ratio is currently 52.02%.

Analyst Ratings Changes

RMR has been the subject of several research reports. JMP Securities began coverage on shares of The RMR Group in a research note on Friday. They issued a “market perform” rating for the company. StockNews.com lowered shares of The RMR Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. Finally, TheStreet raised shares of The RMR Group from a “c+” rating to a “b-” rating in a research report on Tuesday, January 2nd.

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.