Zurcher Kantonalbank Zurich Cantonalbank Raises Stake in The RMR Group Inc. (NASDAQ:RMR)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in The RMR Group Inc. (NASDAQ:RMR) by 26.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,217 shares of the financial services provider’s stock after buying an additional 874 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in The RMR Group were worth $119,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in RMR. International Assets Investment Management LLC increased its stake 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 valued at $26,000 after buying an additional 899 shares during the period. Meeder Asset Management Inc. purchased a new position in The RMR Group during the fourth quarter valued at approximately $62,000. SG Americas Securities LLC bought a new position in The RMR Group in the fourth quarter worth approximately $155,000. Meixler Investment Management Ltd. bought a new stake in The RMR Group during the 3rd quarter valued at $228,000. Finally, Hsbc Holdings PLC purchased a new position in shares of The RMR Group in the 3rd quarter valued at $253,000. 42.31% of the stock is owned by hedge funds and other institutional investors.

The RMR Group Stock Up 3.6 %

RMR stock opened at $23.92 on Friday. The RMR Group Inc. has a 52 week low of $20.79 and a 52 week high of $28.82. The stock has a market capitalization of $758.48 million, a PE ratio of 6.91 and a beta of 1.29. The firm has a 50 day moving average of $23.53 and a 200 day moving average of $24.64.

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

The RMR Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.53%. This is a boost from The RMR Group’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, April 19th. The RMR Group’s dividend payout ratio (DPR) is presently 52.02%.

Wall Street Analyst Weigh In

Several analysts have commented on RMR shares. JMP Securities assumed coverage on shares of The RMR Group in a research report on Friday, April 19th. They set a “market perform” rating for the company. StockNews.com lowered The RMR Group from a “buy” rating to a “hold” rating in a report on Thursday, February 8th.

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.