BNP Paribas Financial Markets Cuts Stake in The RMR Group Inc. (NASDAQ:RMR)

BNP Paribas Financial Markets decreased its stake in The RMR Group Inc. (NASDAQ:RMR) by 37.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,608 shares of the financial services provider’s stock after selling 4,492 shares during the quarter. BNP Paribas Financial Markets’ holdings in The RMR Group were worth $157,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Quantbot Technologies LP acquired a new stake in shares of The RMR Group during the fourth quarter valued at about $63,000. SG Americas Securities LLC boosted its holdings in The RMR Group by 15.3% in the fourth quarter. SG Americas Securities LLC now owns 6,832 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 908 shares during the last quarter. Aquatic Capital Management LLC grew its stake in The RMR Group by 252.2% during the 4th quarter. Aquatic Capital Management LLC now owns 8,100 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 5,800 shares in the last quarter. Wells Fargo & Company MN grew its stake in The RMR Group by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 9,205 shares of the financial services provider’s stock valued at $190,000 after purchasing an additional 2,010 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in The RMR Group during the 4th quarter worth approximately $297,000. Hedge funds and other institutional investors own 42.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. B. Riley began coverage on The RMR Group in a research note on Tuesday, April 22nd. They set a “buy” rating and a $24.00 target price for the company. Wall Street Zen raised shares of The RMR Group from a “hold” rating to a “buy” rating in a report on Tuesday, March 25th.

The RMR Group Stock Performance

Shares of RMR stock opened at $15.10 on Friday. The stock has a market capitalization of $480.87 million, a price-to-earnings ratio of 11.35 and a beta of 1.10. The RMR Group Inc. has a one year low of $13.48 and a one year high of $26.43. The company’s 50-day simple moving average is $15.12 and its 200-day simple moving average is $18.12. 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 released its earnings results on Tuesday, May 6th. The financial services provider reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The firm had revenue of $166.67 million for the quarter, compared to the consensus estimate of $214.10 million. The RMR Group had a return on equity of 5.83% and a net margin of 2.62%. Equities analysts anticipate that The RMR Group Inc. will post 1.51 earnings per share for the current fiscal year.

The RMR Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 11.92%. The ex-dividend date was Tuesday, April 22nd. The RMR Group’s dividend payout ratio is currently 148.76%.

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.