Alps Advisors Inc. boosted its position in RMR Group Inc (NYSE:RMR) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,116 shares of the financial services provider’s stock after buying an additional 202 shares during the period. Alps Advisors Inc. owned approximately 0.07% of RMR Group worth $541,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of RMR Group by 8.7% in the first quarter. Vanguard Group Inc. now owns 572,314 shares of the financial services provider’s stock worth $28,330,000 after buying an additional 45,603 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of RMR Group by 8.0% in the first quarter. Acadian Asset Management LLC now owns 543,488 shares of the financial services provider’s stock worth $26,903,000 after buying an additional 40,094 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of RMR Group by 26.7% in the first quarter. Dimensional Fund Advisors LP now owns 142,451 shares of the financial services provider’s stock worth $7,051,000 after buying an additional 29,980 shares during the last quarter. State Street Corp increased its stake in shares of RMR Group by 9.5% in the fourth quarter. State Street Corp now owns 129,860 shares of the financial services provider’s stock worth $5,133,000 after buying an additional 11,266 shares during the last quarter. Finally, Engine Capital Management LLC increased its stake in shares of RMR Group by 977.4% in the first quarter. Engine Capital Management LLC now owns 113,569 shares of the financial services provider’s stock worth $5,622,000 after buying an additional 103,028 shares during the last quarter.
RMR Group Inc (RMR) opened at 47.40 on Wednesday. The company has a market capitalization of $762.86 million and a PE ratio of 17.13. RMR Group Inc has a 52-week low of $33.90 and a 52-week high of $55.10. The company has a 50 day moving average of $48.91 and a 200 day moving average of $49.93.
RMR Group (NYSE:RMR) last issued its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.46 by $0.02. RMR Group had a net margin of 32.69% and a return on equity of 19.25%. The business had revenue of $55.50 million during the quarter, compared to analyst estimates of $54.65 million. On average, equities research analysts forecast that RMR Group Inc will post $2.78 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, July 24th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.11%. The ex-dividend date was Thursday, July 20th.
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RMR has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of RMR Group from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Tuesday, May 16th. FBR & Co reissued a “mkt perform” rating and issued a $48.00 price target (up from $44.00) on shares of RMR Group in a report on Friday, May 12th. Finally, Canaccord Genuity set a $72.00 price target on shares of RMR Group and gave the stock a “buy” rating in a report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $58.00.
About RMR Group
The RMR Group Inc is a holding company. The Company’s business is primarily conducted by its subsidiary, The RMR Group LLC (RMR LLC). The Company’s segments include RMR LLC and All Other Operations. RMR LLC manages a portfolio of publicly owned real estate and real estate related businesses. RMR LLC manages Government Properties Income Trust, a real estate investment trust (REIT) that primarily owns properties that are leased to government tenants; Hospitality Properties Trust, an REIT that primarily owns hotels and travel centers; Select Income REIT, an REIT that primarily owns properties leased to single tenants across the United States and leased lands in Hawaii, and Senior Housing Properties Trust, an REIT that primarily owns senior living communities and medical office buildings.
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