Los Angeles Capital Management LLC trimmed its stake in shares of The RMR Group Inc. (NASDAQ:RMR – Get Rating) by 9.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,613 shares of the financial services provider’s stock after selling 3,473 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.11% of The RMR Group worth $978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Federated Hermes Inc. grew its position in The RMR Group by 4.7% during the 3rd quarter. Federated Hermes Inc. now owns 524,381 shares of the financial services provider’s stock worth $12,423,000 after acquiring an additional 23,407 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of The RMR Group in the 3rd quarter worth approximately $78,000. Jump Financial LLC bought a new stake in shares of The RMR Group in the 3rd quarter worth approximately $227,000. Dupont Capital Management Corp bought a new stake in shares of The RMR Group in the 3rd quarter worth approximately $94,000. Finally, TCW Group Inc. grew its position in shares of The RMR Group by 3.0% in the 3rd quarter. TCW Group Inc. now owns 402,140 shares of the financial services provider’s stock worth $9,527,000 after buying an additional 11,600 shares during the last quarter. 40.58% of the stock is currently owned by institutional investors.
The RMR Group Stock Down 1.1 %
NASDAQ RMR opened at $23.54 on Wednesday. The RMR Group Inc. has a twelve month low of $23.00 and a twelve month high of $31.55. The firm has a market capitalization of $743.86 million, a PE ratio of 12.07 and a beta of 1.48. The stock’s 50 day moving average is $25.87 and its 200 day moving average is $27.43.
The RMR Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 18th. Investors of record on Monday, April 24th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, April 21st. This represents a $1.60 annualized dividend and a dividend yield of 6.80%. The RMR Group’s dividend payout ratio is presently 82.05%.
Analyst Ratings Changes
RMR has been the topic of a number of recent analyst reports. B. Riley reiterated a “buy” rating on shares of The RMR Group in a research report on Monday, March 6th. StockNews.com upgraded The RMR Group from a “hold” rating to a “buy” rating in a research report on Monday, April 17th.
The RMR Group Company Profile
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.
Read More
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