Russell Investments Group Ltd. Sells 101,137 Shares of The RMR Group Inc. (NASDAQ:RMR)

Russell Investments Group Ltd. cut its stake in shares of The RMR Group Inc. (NASDAQ:RMR – Get Rating) by 58.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,601 shares of the financial services provider’s stock after selling 101,137 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.23% of The RMR Group worth $2,051,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Teachers Retirement System of The State of Kentucky acquired a new position in The RMR Group during the third quarter worth $30,000. New York State Teachers Retirement System acquired a new position in The RMR Group during the third quarter worth $31,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in The RMR Group during the second quarter worth $34,000. Hillsdale Investment Management Inc. acquired a new position in The RMR Group during the third quarter worth $78,000. Finally, Tower Research Capital LLC TRC raised its holdings in The RMR Group by 255.6% during the third quarter. Tower Research Capital LLC TRC now owns 3,485 shares of the financial services provider’s stock worth $82,000 after buying an additional 2,505 shares during the last quarter. 40.58% of the stock is owned by institutional investors.

The RMR Group Price Performance

Shares of RMR stock opened at $22.14 on Monday. The firm has a 50-day moving average of $24.24 and a 200-day moving average of $27.02. The company has a market cap of $700.07 million, a P/E ratio of 8.29 and a beta of 1.48. The RMR Group Inc. has a one year low of $20.79 and a one year high of $31.55.

The RMR Group (NASDAQ:RMR – Get Rating) last posted its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.49. The business had revenue of $208.42 million during the quarter, compared to the consensus estimate of $240.22 million. The RMR Group had a net margin of 4.86% and a return on equity of 9.66%. As a group, research analysts expect that The RMR Group Inc. will post 1.95 earnings per share for the current fiscal year.

The RMR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 18th. Shareholders of record on Monday, April 24th were given a dividend of $0.40 per share. The ex-dividend date was Friday, April 21st. This represents a $1.60 dividend on an annualized basis and a yield of 7.23%. The RMR Group’s dividend payout ratio is presently 59.93%.

Analysts Set New Price Targets

Several research analysts have weighed in on RMR shares. B. Riley lowered their price objective on shares of The RMR Group from $42.00 to $37.00 in a report on Monday, May 15th. StockNews.com began coverage on shares of The RMR Group in a report on Thursday. They issued a “buy” rating for the company. Finally, TheStreet downgraded shares of The RMR Group from a “b-” rating to a “c+” rating in a report on Wednesday, May 10th.

The RMR Group Profile

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The RMR Group, Inc is a holding company, which engages in the provision of management services to managed equity real estate investment trusts and operators. Its services include RMR Real Estate Services, Asset Management, Acquisitions Criteria, and Development. The company was founded in 1986 and is headquartered in Newton, MA.