Teacher Retirement System of Texas Has $635,000 Stock Holdings in The RMR Group Inc. (NASDAQ:RMR)

Teacher Retirement System of Texas reduced its stake in shares of The RMR Group Inc. (NASDAQ:RMR) by 45.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 38,165 shares of the financial services provider’s stock after selling 32,006 shares during the period. Teacher Retirement System of Texas’ holdings in The RMR Group were worth $635,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Nantahala Capital Management LLC raised its holdings in shares of The RMR Group by 32.8% during the 4th 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 in the last quarter. 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 acquiring an additional 70,127 shares in the last quarter. Garner Asset Management Corp lifted its holdings in shares of 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 worth $6,516,000 after acquiring an additional 33,411 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of The RMR Group by 78.3% in the 4th quarter. Ameriprise Financial Inc. now owns 71,252 shares of the financial services provider’s stock valued at $1,471,000 after purchasing an additional 31,285 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of The RMR Group during the 4th quarter valued at approximately $603,000. Institutional investors own 42.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wall Street Zen raised shares of The RMR Group from a “hold” rating to a “buy” rating in a research note on Tuesday, March 25th. B. Riley began coverage on The RMR Group in a research note on Tuesday, April 22nd. They issued a “buy” rating and a $24.00 price target for the company.

The RMR Group Stock Performance

Shares of RMR stock opened at $17.22 on Wednesday. The firm has a market capitalization of $548.97 million, a price-to-earnings ratio of 14.23 and a beta of 1.13. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.10. The business’s 50-day moving average price is $15.88 and its 200-day moving average price is $16.94. The RMR Group Inc. has a 12 month low of $13.48 and a 12 month high of $26.43.

The RMR Group (NASDAQ:RMR) last issued its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The RMR Group had a net margin of 2.51% and a return on equity of 5.35%. The business had revenue of $166.67 million during the quarter, compared to the consensus estimate of $214.10 million. Equities research analysts forecast that The RMR Group Inc. will post 1.51 EPS for the current year.

The RMR Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Monday, July 21st will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, July 21st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.45%. The RMR Group’s dividend payout ratio (DPR) is presently 148.76%.

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.