The RMR Group Inc. (NASDAQ:RMR) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its position in The RMR Group Inc. (NASDAQ:RMR) by 27.9% in the fourth quarter, Holdings Channel reports. The firm owned 9,205 shares of the financial services provider’s stock after acquiring an additional 2,010 shares during the period. Wells Fargo & Company MN’s holdings in The RMR Group were worth $190,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in The RMR Group by 36.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 112,982 shares of the financial services provider’s stock worth $2,867,000 after acquiring an additional 30,258 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in shares of The RMR Group during the fourth quarter worth approximately $603,000. Aviance Capital Partners LLC acquired a new stake in shares of The RMR Group during the fourth quarter worth $395,000. Barclays PLC grew its position in The RMR Group by 55.6% in the 3rd quarter. Barclays PLC now owns 50,674 shares of the financial services provider’s stock valued at $1,286,000 after buying an additional 18,100 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in The RMR Group in the 4th quarter valued at $319,000. 42.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RMR has been the topic of several analyst reports. B. Riley began coverage on shares of The RMR Group in a report on Tuesday, April 22nd. They issued a “buy” rating and a $24.00 target price on the stock. StockNews.com raised The RMR Group from a “hold” rating to a “buy” rating in a report on Tuesday, March 25th.

The RMR Group Trading Up 2.4 %

NASDAQ:RMR opened at $14.23 on Friday. The stock has a market capitalization of $453.04 million, a price-to-earnings ratio of 10.70 and a beta of 1.10. The RMR Group Inc. has a 1 year low of $13.48 and a 1 year high of $26.43. The stock has a fifty day moving average price of $16.00 and a two-hundred day moving average price of $19.16. 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 RMR Group (NASDAQ:RMR) last announced its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). The RMR Group had a net margin of 2.62% and a return on equity of 5.83%. The company had revenue of $166.67 million during the quarter, compared to analyst estimates of $214.10 million. As a group, sell-side analysts anticipate that The RMR Group Inc. will post 1.51 earnings per share for the current fiscal year.

The RMR Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 12.65%. The ex-dividend date is Tuesday, April 22nd. The RMR Group’s dividend payout ratio is currently 148.76%.

The RMR Group Company Profile

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.