The RMR Group (NASDAQ:RMR) Hits New 12-Month Low – What’s Next?

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

Wall Street Analysts Forecast Growth

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

The RMR Group Stock Down 0.9 %

The business has a 50 day moving average of $18.48 and a two-hundred day moving average of $21.61. 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 stock has a market capitalization of $538.20 million, a PE ratio of 12.71 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. Shareholders of record on Monday, January 27th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 10.65%. The ex-dividend date was Monday, January 27th. The RMR Group’s dividend payout ratio (DPR) is presently 135.34%.

Institutional Investors Weigh In On The RMR Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. raised its stake in The RMR Group by 12.9% in the third quarter. Franklin Resources Inc. now owns 24,838 shares of the financial services provider’s stock valued at $625,000 after buying an additional 2,831 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of The RMR Group by 13.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,496 shares of the financial services provider’s stock valued at $926,000 after purchasing an additional 4,390 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of The RMR Group by 36.6% in the third quarter. JPMorgan Chase & Co. now owns 112,982 shares of the financial services provider’s stock valued at $2,867,000 after purchasing an additional 30,258 shares during the period. Barclays PLC increased its holdings in shares of The RMR Group by 55.6% in the third quarter. Barclays PLC now owns 50,674 shares of the financial services provider’s stock valued at $1,286,000 after purchasing an additional 18,100 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of The RMR Group in the fourth quarter valued at about $319,000. 42.31% of the stock is currently owned by hedge funds and other institutional investors.

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.