The RMR Group (NASDAQ:RMR) Stock Price Crosses Below 50-Day Moving Average of $23.39

The RMR Group Inc. (NASDAQ:RMR)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $23.39 and traded as low as $22.88. The RMR Group shares last traded at $22.91, with a volume of 111,790 shares.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. JMP Securities assumed coverage on The RMR Group in a report on Friday, April 19th. They set a “market perform” rating on the stock. B. Riley decreased their target price on The RMR Group from $35.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th.

The RMR Group Stock Up 0.2 %

The firm has a fifty day moving average of $23.39 and a 200-day moving average of $24.64. The firm has a market cap of $726.96 million, a P/E ratio of 8.52 and a beta of 1.24.

The RMR Group (NASDAQ:RMR) last posted its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). The firm had revenue of $217.75 million during the quarter, compared to the consensus estimate of $238.20 million. The RMR Group had a net margin of 4.59% and a return on equity of 7.35%. Sell-side analysts anticipate that The RMR Group Inc. will post 1.67 EPS for the current year.

The RMR Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, April 22nd were issued a $0.45 dividend. This is a boost from The RMR Group’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, April 19th. This represents a $1.80 annualized dividend and a yield of 7.86%. The RMR Group’s dividend payout ratio (DPR) is currently 66.91%.

Hedge Funds Weigh In On The RMR Group

Several hedge funds have recently added to or reduced their stakes in the company. Garner Asset Management Corp boosted its holdings in The RMR Group by 13.0% during the first quarter. Garner Asset Management Corp now owns 246,159 shares of the financial services provider’s stock worth $5,908,000 after buying an additional 28,345 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in The RMR Group by 75.9% during the first quarter. Public Employees Retirement System of Ohio now owns 6,445 shares of the financial services provider’s stock worth $155,000 after buying an additional 2,780 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in The RMR Group by 4.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,446 shares of the financial services provider’s stock worth $491,000 after buying an additional 830 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in The RMR Group by 2.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 71,293 shares of the financial services provider’s stock worth $1,711,000 after buying an additional 1,519 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in The RMR Group by 44.3% during the first quarter. Covestor Ltd now owns 3,940 shares of the financial services provider’s stock worth $94,000 after buying an additional 1,210 shares during the last quarter. Institutional investors own 42.31% of the company’s stock.

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.