O Shaughnessy Asset Management LLC Acquires 1,519 Shares of The RMR Group Inc. (NASDAQ:RMR)

O Shaughnessy Asset Management LLC raised its holdings in The RMR Group Inc. (NASDAQ:RMR) by 2.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,293 shares of the financial services provider’s stock after acquiring an additional 1,519 shares during the period. O Shaughnessy Asset Management LLC owned about 0.22% of The RMR Group worth $1,711,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in shares of The RMR Group by 2,724.2% during the fourth quarter. International Assets Investment Management LLC now owns 932 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 899 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of The RMR Group during the fourth quarter valued at about $62,000. Tower Research Capital LLC TRC boosted its stake in shares of The RMR Group by 92.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 1,482 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of The RMR Group by 912.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 3,665 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 3,303 shares in the last quarter. Finally, Covestor Ltd boosted its stake in shares of The RMR Group by 44.3% during the first quarter. Covestor Ltd now owns 3,940 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 1,210 shares in the last quarter. Institutional investors own 42.31% of the company’s stock.

The RMR Group Price Performance

The RMR Group stock opened at $24.65 on Thursday. The stock’s 50 day moving average is $23.49 and its 200 day moving average is $24.09. The firm has a market cap of $782.14 million, a P/E ratio of 9.16 and a beta of 1.27. The RMR Group Inc. has a one year low of $21.60 and a one year high of $28.82.

The RMR Group (NASDAQ:RMR) last posted its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The RMR Group had a return on equity of 7.35% and a net margin of 4.59%. The company had revenue of $217.75 million during the quarter, compared to analyst estimates of $238.20 million. Equities analysts anticipate that The RMR Group Inc. will post 1.67 earnings per share for the current fiscal year.

The RMR Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, July 22nd will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 7.30%. The ex-dividend date of this dividend is Monday, July 22nd. The RMR Group’s dividend payout ratio (DPR) is presently 66.91%.

Analyst Ratings Changes

RMR has been the topic of a number of recent research reports. JMP Securities assumed coverage on The RMR Group in a research note on Friday, April 19th. They set a “market perform” rating on the stock. B. Riley cut their price objective on The RMR Group from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th.

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.