The RMR Group (NASDAQ:RMR) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of The RMR Group (NASDAQ:RMR) from a hold rating to a buy rating in a report issued on Tuesday morning.

The RMR Group Stock Performance

Shares of The RMR Group stock opened at $16.71 on Tuesday. The stock has a market cap of $532.15 million, a price-to-earnings ratio of 12.56 and a beta of 1.19. The RMR Group has a twelve month low of $16.61 and a twelve month high of $26.43. The company’s fifty day moving average is $18.32 and its 200 day moving average is $21.40. 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 RMR Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were paid a $0.45 dividend. The ex-dividend date was Monday, January 27th. This represents a $1.80 annualized dividend and a dividend yield of 10.77%. The RMR Group’s payout ratio is 135.34%.

Hedge Funds Weigh In On The RMR Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC increased its position in The RMR Group by 40.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 825,280 shares of the financial services provider’s stock valued at $20,946,000 after purchasing an additional 238,360 shares during the period. Nantahala Capital Management LLC increased its position in shares of The RMR Group by 32.8% during the fourth quarter. Nantahala Capital Management LLC now owns 450,792 shares of the financial services provider’s stock worth $9,304,000 after buying an additional 111,306 shares during the period. Millennium Management LLC raised its stake in The RMR Group by 182.2% during the fourth quarter. Millennium Management LLC now owns 108,619 shares of the financial services provider’s stock worth $2,242,000 after buying an additional 70,127 shares during the last quarter. Garner Asset Management Corp lifted its holdings in The RMR Group by 11.6% in the fourth quarter. Garner Asset Management Corp now owns 321,684 shares of the financial services provider’s stock valued at $6,516,000 after buying an additional 33,411 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in The RMR Group by 78.3% during the fourth quarter. Ameriprise Financial Inc. now owns 71,252 shares of the financial services provider’s stock valued at $1,471,000 after acquiring an additional 31,285 shares during the last quarter. 42.31% of the stock is owned by institutional investors and hedge funds.

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.