The RMR Group (NASDAQ:RMR) Reaches New 1-Year Low – Here’s Why

The RMR Group Inc. (NASDAQ:RMR) reached a new 52-week low during trading on Friday . The stock traded as low as $16.76 and last traded at $16.86, with a volume of 49266 shares changing hands. The stock had previously closed at $17.05.

Analyst Ratings Changes

Separately, StockNews.com raised shares of The RMR Group from a “hold” rating to a “buy” rating in a report on Sunday, March 16th.

The RMR Group Price Performance

The company’s fifty day moving average price is $18.43 and its 200 day moving average price is $21.53. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $537.88 million, a price-to-earnings ratio of 12.70 and a beta of 1.19.

The RMR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 10.66%. The ex-dividend date of this dividend was Monday, January 27th. The RMR Group’s dividend payout ratio (DPR) is presently 135.34%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its stake in shares of The RMR Group by 166.2% in the third quarter. Thrivent Financial for Lutherans now owns 25,010 shares of the financial services provider’s stock valued at $635,000 after purchasing an additional 15,616 shares during the period. Garner Asset Management Corp increased its stake in shares of The RMR Group by 2.0% in the third quarter. Garner Asset Management Corp now owns 288,273 shares of the financial services provider’s stock valued at $7,316,000 after purchasing an additional 5,745 shares during the period. FMR LLC increased its stake in shares of The RMR Group by 9.3% in the third quarter. FMR LLC now owns 41,739 shares of the financial services provider’s stock valued at $1,059,000 after purchasing an additional 3,548 shares during the period. BNP Paribas Financial Markets increased its stake in shares of The RMR Group by 77.8% in the third quarter. BNP Paribas Financial Markets now owns 12,100 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 5,294 shares during the period. Finally, Corsair Capital Management L.P. increased its stake in shares of The RMR Group by 92,252.2% in the third quarter. Corsair Capital Management L.P. now owns 21,241 shares of the financial services provider’s stock valued at $539,000 after purchasing an additional 21,218 shares during the period. Institutional investors own 42.31% of the company’s stock.

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.