Dimensional Fund Advisors LP Has $7.85 Million Stock Position in The RMR Group Inc. (NASDAQ:RMR)

Dimensional Fund Advisors LP grew its position in The RMR Group Inc. (NASDAQ:RMR) by 7.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 380,112 shares of the financial services provider’s stock after purchasing an additional 26,661 shares during the period. Dimensional Fund Advisors LP’s holdings in The RMR Group were worth $7,846,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of RMR. Franklin Resources Inc. increased its position in shares of The RMR Group by 12.9% during the 3rd quarter. Franklin Resources Inc. now owns 24,838 shares of the financial services provider’s stock worth $625,000 after purchasing an additional 2,831 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of The RMR Group by 36.6% in the third quarter. JPMorgan Chase & Co. now owns 112,982 shares of the financial services provider’s stock valued at $2,867,000 after buying an additional 30,258 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in The RMR Group during the fourth quarter worth $319,000. Garner Asset Management Corp raised its position in The RMR Group by 11.6% during the fourth quarter. Garner Asset Management Corp now owns 321,684 shares of the financial services provider’s stock worth $6,516,000 after acquiring an additional 33,411 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in The RMR Group by 4.8% during the fourth quarter. Renaissance Technologies LLC now owns 487,214 shares of the financial services provider’s stock worth $10,056,000 after acquiring an additional 22,300 shares in the last quarter. 42.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on RMR shares. B. Riley initiated coverage on shares of The RMR Group in a research report on Tuesday, April 22nd. They issued a “buy” rating and a $24.00 price objective for the company. 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 Performance

Shares of NASDAQ RMR opened at $14.37 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $457.63 million, a P/E ratio of 10.80 and a beta of 1.10. The RMR Group Inc. has a 12 month low of $13.48 and a 12 month high of $26.43. The stock has a 50 day moving average of $15.92 and a 200-day moving average of $19.00.

The RMR Group (NASDAQ:RMR) last announced its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). The RMR Group had a net margin of 2.62% and a return on equity of 5.83%. The business had revenue of $166.67 million for the quarter, compared to analyst estimates of $214.10 million. As a group, equities research analysts predict that The RMR Group Inc. will post 1.51 EPS for the current year.

The RMR Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 12.53%. The ex-dividend date is Tuesday, April 22nd. The RMR Group’s dividend payout ratio is presently 148.76%.

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.