Allspring Global Investments Holdings LLC Has $1.57 Million Stock Holdings in The RMR Group Inc. (NASDAQ:RMR)

Allspring Global Investments Holdings LLC reduced its holdings in shares of The RMR Group Inc. (NASDAQ:RMR) by 10.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,841 shares of the financial services provider’s stock after selling 7,480 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.19% of The RMR Group worth $1,570,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new stake in The RMR Group during the first quarter worth approximately $689,000. Garner Asset Management Corp lifted its holdings in The RMR Group by 14.8% during the 2nd quarter. Garner Asset Management Corp now owns 282,528 shares of the financial services provider’s stock worth $6,385,000 after purchasing an additional 36,369 shares during the last quarter. Federated Hermes Inc. boosted its stake in The RMR Group by 4.7% in the 2nd quarter. Federated Hermes Inc. now owns 527,826 shares of the financial services provider’s stock valued at $11,929,000 after purchasing an additional 23,654 shares during the period. Nisa Investment Advisors LLC grew its holdings in The RMR Group by 42.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 8,029 shares of the financial services provider’s stock valued at $181,000 after buying an additional 2,405 shares in the last quarter. Finally, Truist Financial Corp increased its position in The RMR Group by 25.9% during the 2nd quarter. Truist Financial Corp now owns 14,611 shares of the financial services provider’s stock worth $330,000 after buying an additional 3,005 shares during the period. 42.31% of the stock is currently owned by institutional investors and hedge funds.

The RMR Group Trading Up 0.1 %

Shares of The RMR Group stock opened at $24.20 on Thursday. The company has a market cap of $767.87 million, a PE ratio of 16.13 and a beta of 1.26. The company has a 50 day moving average of $25.05 and a 200-day moving average of $24.22. The RMR Group Inc. has a 1-year low of $22.01 and a 1-year high of $28.82.

The RMR Group (NASDAQ:RMR) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The firm had revenue of $205.48 million for the quarter, compared to the consensus estimate of $227.68 million. The RMR Group had a return on equity of 6.95% and a net margin of 2.80%. During the same quarter in the prior year, the firm earned $0.48 EPS. Research analysts forecast that The RMR Group Inc. will post 1.64 earnings per share for the current year.

The RMR Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be issued a $0.45 dividend. The ex-dividend date is Monday, October 28th. This represents a $1.80 annualized dividend and a yield of 7.44%. The RMR Group’s payout ratio is 120.00%.

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.