Thrivent Financial for Lutherans Raises Stake in The RMR Group Inc. (NASDAQ:RMR)

Thrivent Financial for Lutherans raised its position in shares of The RMR Group Inc. (NASDAQ:RMR) by 166.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,010 shares of the financial services provider’s stock after purchasing an additional 15,616 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of The RMR Group worth $635,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its holdings in shares of The RMR Group by 2,439.0% in the third quarter. International Assets Investment Management LLC now owns 1,041 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,000 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings 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 buying an additional 2,051 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of The RMR Group in the third quarter worth $150,000. Public Employees Retirement System of Ohio lifted its holdings in shares of The RMR Group by 75.9% in 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings 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 buying an additional 2,378 shares in the last quarter. Hedge funds and other institutional investors own 42.31% of the company’s stock.

The RMR Group Price Performance

The RMR Group stock opened at $22.05 on Thursday. The company has a market cap of $702.20 million, a price-to-earnings ratio of 16.21 and a beta of 1.23. The firm’s fifty day moving average is $23.93 and its 200 day moving average is $24.07. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.10. The RMR Group Inc. has a 52-week low of $21.46 and a 52-week high of $28.82.

The RMR Group (NASDAQ:RMR) last posted its quarterly earnings data on Monday, November 11th. The financial services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04). The RMR Group had a net margin of 2.57% and a return on equity of 6.40%. The firm had revenue of $212.30 million for the quarter, compared to the consensus estimate of $220.15 million. During the same quarter last year, the firm earned $0.48 EPS. Sell-side analysts forecast that The RMR Group Inc. will post 1.42 EPS for the current fiscal year.

The RMR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 8.16%. The ex-dividend date of this dividend was Monday, October 28th. The RMR Group’s dividend payout ratio (DPR) is 132.35%.

The RMR Group 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.