Fmr LLC Increases Stock Holdings in The RMR Group Inc. (NASDAQ:RMR)

Fmr LLC grew its holdings in shares of The RMR Group Inc. (NASDAQ:RMR) by 9.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,739 shares of the financial services provider’s stock after buying an additional 3,548 shares during the quarter. Fmr LLC owned 0.13% of The RMR Group worth $1,059,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Unison Advisors LLC grew its position in shares of The RMR Group by 2.0% during the 3rd quarter. Unison Advisors LLC now owns 21,492 shares of the financial services provider’s stock valued at $545,000 after buying an additional 412 shares during the last quarter. Meeder Asset Management Inc. increased its position in The RMR Group by 18.7% in the third quarter. Meeder Asset Management Inc. now owns 3,177 shares of the financial services provider’s stock worth $81,000 after buying an additional 500 shares during the period. Cubist Systematic Strategies LLC lifted its stake in The RMR Group by 7.7% in the second quarter. Cubist Systematic Strategies LLC now owns 8,954 shares of the financial services provider’s stock valued at $202,000 after buying an additional 639 shares during the last quarter. Janney Montgomery Scott LLC grew its position in The RMR Group by 2.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 30,102 shares of the financial services provider’s stock worth $764,000 after purchasing an additional 817 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in The RMR Group by 1.7% in the 2nd quarter. Rhumbline Advisers now owns 54,324 shares of the financial services provider’s stock worth $1,228,000 after buying an additional 925 shares in the last quarter. Institutional investors and hedge funds own 42.31% of the company’s stock.

The RMR Group Trading Down 1.9 %

NASDAQ:RMR opened at $21.55 on Tuesday. The stock has a market cap of $686.28 million, a price-to-earnings ratio of 15.85 and a beta of 1.23. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 0.85. The business has a fifty day moving average of $23.50 and a 200-day moving average of $24.01. The RMR Group Inc. has a 1 year low of $21.46 and a 1 year 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 (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $212.30 million during the quarter, compared to the consensus estimate of $220.15 million. During the same quarter last year, the business earned $0.48 earnings per share. Equities analysts predict that The RMR Group Inc. will post 1.62 earnings per share for the current year.

The RMR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 8.35%. The ex-dividend date of this dividend was Monday, October 28th. 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.