The RMR Group Inc. (NASDAQ:RMR) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its position in shares of The RMR Group Inc. (NASDAQ:RMR) by 2.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,102 shares of the financial services provider’s stock after acquiring an additional 817 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.09% of The RMR Group worth $764,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets lifted its position in The RMR Group by 71.3% in the first quarter. BNP Paribas Financial Markets now owns 24,364 shares of the financial services provider’s stock valued at $585,000 after buying an additional 10,139 shares during the last quarter. Russell Investments Group Ltd. lifted its position in The RMR Group by 25.8% in the first quarter. Russell Investments Group Ltd. now owns 67,318 shares of the financial services provider’s stock valued at $1,616,000 after buying an additional 13,822 shares during the last quarter. Vanguard Group Inc. lifted its position in The RMR Group by 0.4% in the first quarter. Vanguard Group Inc. now owns 2,276,544 shares of the financial services provider’s stock valued at $54,637,000 after buying an additional 9,488 shares during the last quarter. Covestor Ltd lifted its position in The RMR Group by 44.3% in the first quarter. Covestor Ltd now owns 3,940 shares of the financial services provider’s stock valued at $94,000 after buying an additional 1,210 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in The RMR Group by 2.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 71,293 shares of the financial services provider’s stock valued at $1,711,000 after buying an additional 1,519 shares during the last quarter. Institutional investors and hedge funds own 42.31% of the company’s stock.

The RMR Group Stock Down 1.5 %

Shares of RMR opened at $22.19 on Monday. The stock has a market capitalization of $703.98 million, a PE ratio of 16.32 and a beta of 1.26. The RMR Group Inc. has a 1 year low of $22.01 and a 1 year high of $28.82. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.86 and a current ratio of 0.85. The company’s 50-day simple moving average is $24.69 and its 200-day simple moving average is $24.24.

The RMR Group (NASDAQ:RMR) last issued its quarterly earnings results on Monday, November 11th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.04). The business had revenue of $212.30 million for the quarter, compared to analyst estimates of $220.15 million. The RMR Group had a return on equity of 6.40% and a net margin of 2.57%. During the same period in the prior year, the company posted $0.48 EPS. Analysts forecast that The RMR Group Inc. will post 1.51 earnings per share for the current fiscal year.

The RMR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, October 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.11%. The RMR Group’s payout ratio is 132.35%.

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.