The RMR Group (NASDAQ:RMR) Sets New 12-Month Low – Here’s Why

The RMR Group Inc. (NASDAQ:RMR) reached a new 52-week low on Thursday . The stock traded as low as $16.56 and last traded at $16.57, with a volume of 23216 shares changing hands. The stock had previously closed at $16.96.

Analysts Set New Price Targets

Separately, StockNews.com raised The RMR Group from a “hold” rating to a “buy” rating in a report on Tuesday.

The RMR Group Price Performance

The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.10. The stock has a market cap of $530.71 million, a P/E ratio of 12.53 and a beta of 1.19. The company’s 50 day moving average price is $18.27 and its 200-day moving average price is $21.37.

The RMR Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were given a $0.45 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.80%. The RMR Group’s dividend payout ratio (DPR) is presently 135.34%.

Hedge Funds Weigh In On The RMR Group

A number of hedge funds have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of The RMR Group by 16.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 42,337 shares of the financial services provider’s stock worth $874,000 after purchasing an additional 5,841 shares during the period. Millennium Management LLC lifted its holdings in The RMR Group by 182.2% in the fourth quarter. Millennium Management LLC now owns 108,619 shares of the financial services provider’s stock valued at $2,242,000 after buying an additional 70,127 shares during the period. Lazard Asset Management LLC lifted its holdings in The RMR Group by 45.2% in the fourth quarter. Lazard Asset Management LLC now owns 21,125 shares of the financial services provider’s stock valued at $436,000 after buying an additional 6,578 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in The RMR Group by 5.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 56,987 shares of the financial services provider’s stock worth $1,176,000 after acquiring an additional 3,079 shares during the period. Finally, Deutsche Bank AG grew its holdings in The RMR Group by 140.1% during the 4th quarter. Deutsche Bank AG now owns 13,515 shares of the financial services provider’s stock worth $279,000 after acquiring an additional 7,885 shares during the period. 42.31% of the stock is currently owned by institutional investors.

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.