Boston Partners Sells 13,173 Shares of The RMR Group Inc. (NASDAQ:RMR)

Boston Partners lowered its stake in shares of The RMR Group Inc. (NASDAQ:RMR – Get Rating) by 34.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 24,839 shares of the financial services provider’s stock after selling 13,173 shares during the period. Boston Partners owned approximately 0.08% of The RMR Group worth $588,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. lifted its stake in shares of The RMR Group by 0.8% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 68,914 shares of the financial services provider’s stock worth $2,143,000 after purchasing an additional 554 shares during the period. Royal Bank of Canada lifted its stake in shares of The RMR Group by 4.6% in the 1st quarter. Royal Bank of Canada now owns 16,438 shares of the financial services provider’s stock worth $511,000 after purchasing an additional 722 shares during the period. Envestnet Asset Management Inc. raised its stake in The RMR Group by 8.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,384 shares of the financial services provider’s stock worth $351,000 after acquiring an additional 981 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in The RMR Group during the 2nd quarter worth approximately $34,000. Finally, Lazard Asset Management LLC raised its stake in The RMR Group by 120.9% during the 2nd quarter. Lazard Asset Management LLC now owns 2,244 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 1,228 shares during the period. Institutional investors own 40.58% of the company’s stock.

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The RMR Group Price Performance

Shares of RMR opened at $26.98 on Wednesday. The RMR Group Inc. has a 1 year low of $23.00 and a 1 year high of $31.73. The company has a 50 day simple moving average of $28.82 and a two-hundred day simple moving average of $27.56. The firm has a market cap of $852.65 million, a P/E ratio of 13.84 and a beta of 1.45.

The RMR Group (NASDAQ:RMR – Get Rating) last announced its quarterly earnings data on Monday, November 14th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The RMR Group had a net margin of 3.58% and a return on equity of 10.40%. The company had revenue of $242.19 million for the quarter, compared to analysts’ expectations of $192.89 million. On average, sell-side analysts anticipate that The RMR Group Inc. will post 2.11 earnings per share for the current year.

The RMR Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 16th. Investors of record on Monday, January 23rd will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, January 20th. This is a positive change from The RMR Group’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.93%. The RMR Group’s dividend payout ratio (DPR) is 82.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. B. Riley decreased their target price on shares of The RMR Group from $44.00 to $42.00 in a research note on Monday, November 21st. StockNews.com cut shares of The RMR Group from a “buy” rating to a “hold” rating in a research note on Monday, February 6th.

About The RMR Group

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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.

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