International Assets Investment Management LLC Boosts Stock Holdings in The RMR Group Inc. (NASDAQ:RMR)

International Assets Investment Management LLC increased its position in The RMR Group Inc. (NASDAQ:RMR) by 2,439.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,041 shares of the financial services provider’s stock after acquiring an additional 1,000 shares during the period. International Assets Investment Management LLC’s holdings in The RMR Group were worth $26,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Meeder Asset Management Inc. raised its stake in shares of The RMR Group by 327.6% in the second quarter. Meeder Asset Management Inc. now owns 2,677 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 2,051 shares during the last quarter. Covestor Ltd raised its position in The RMR Group by 44.3% in the 1st 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. SG Americas Securities LLC bought a new position in The RMR Group during the 3rd quarter valued at about $150,000. Public Employees Retirement System of Ohio boosted its holdings in shares of The RMR Group by 75.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 6,445 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 2,780 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of The RMR Group by 56.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,595 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 2,378 shares during the period. 42.31% of the stock is owned by institutional investors.

The RMR Group Stock Up 0.6 %

Shares of The RMR Group stock opened at $24.58 on Friday. The RMR Group Inc. has a twelve month low of $22.01 and a twelve month high of $28.82. The company’s 50 day moving average is $24.88 and its 200 day moving average is $24.25. The company has a market cap of $779.92 million, a price-to-earnings ratio of 16.39 and a beta of 1.26.

The RMR Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, October 28th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, October 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.32%. The RMR Group’s dividend payout ratio (DPR) is currently 120.00%.

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.