American Century Companies Inc. Trims Stock Position in The RMR Group Inc. $RMR

American Century Companies Inc. lowered its stake in shares of The RMR Group Inc. (NASDAQ:RMR) by 11.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 28,431 shares of the financial services provider’s stock after selling 3,562 shares during the period. American Century Companies Inc.’s holdings in The RMR Group were worth $473,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of RMR. Wells Fargo & Company MN raised its stake in shares of The RMR Group by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 9,205 shares of the financial services provider’s stock valued at $190,000 after buying an additional 2,010 shares during the last quarter. Dimensional Fund Advisors LP raised its position in The RMR Group by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 380,112 shares of the financial services provider’s stock valued at $7,846,000 after acquiring an additional 26,661 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in The RMR Group by 14.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 38,443 shares of the financial services provider’s stock valued at $794,000 after acquiring an additional 4,910 shares in the last quarter. Northern Trust Corp raised its position in The RMR Group by 9.2% during the fourth quarter. Northern Trust Corp now owns 168,664 shares of the financial services provider’s stock valued at $3,481,000 after acquiring an additional 14,177 shares in the last quarter. Finally, Ameriprise Financial Inc. raised 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 in the last quarter. Hedge funds and other institutional investors own 42.31% of the company’s stock.

The RMR Group Price Performance

NASDAQ:RMR opened at $16.83 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $536.37 million, a price-to-earnings ratio of 14.38 and a beta of 1.20. The company has a 50 day moving average price of $16.78 and a 200-day moving average price of $16.28. The RMR Group Inc. has a 1-year low of $13.48 and a 1-year high of $26.06.

The RMR Group (NASDAQ:RMR) last posted its earnings results on Tuesday, August 5th. The financial services provider reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The RMR Group had a net margin of 2.56% and a return on equity of 5.01%. The firm had revenue of $154.73 million during the quarter, compared to analyst estimates of $201.80 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, July 21st were issued a $0.45 dividend. The ex-dividend date of this dividend was Monday, July 21st. This represents a $1.80 dividend on an annualized basis and a yield of 10.7%. The RMR Group’s payout ratio is presently 153.85%.

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.