The RMR Group Inc. (NASDAQ:RMR) Short Interest Update

The RMR Group Inc. (NASDAQ:RMR) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 249,100 shares, a decrease of 19.2% from the February 28th total of 308,400 shares. Based on an average daily trading volume, of 157,700 shares, the days-to-cover ratio is presently 1.6 days. Approximately 1.7% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new position in The RMR Group in the 4th quarter valued at approximately $63,000. SG Americas Securities LLC boosted its position in shares of The RMR Group by 15.3% during the 4th quarter. SG Americas Securities LLC now owns 6,832 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 908 shares in the last quarter. Aquatic Capital Management LLC grew its stake in shares of The RMR Group by 252.2% in the 4th quarter. Aquatic Capital Management LLC now owns 8,100 shares of the financial services provider’s stock valued at $167,000 after buying an additional 5,800 shares during the period. Wells Fargo & Company MN raised its stake in The RMR Group by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 9,205 shares of the financial services provider’s stock worth $190,000 after buying an additional 2,010 shares during the period. Finally, Deutsche Bank AG boosted its holdings in The RMR Group by 140.1% in the fourth 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 in the last quarter. 42.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of The RMR Group from a “hold” rating to a “buy” rating in a report on Tuesday, March 25th.

The RMR Group Price Performance

Shares of RMR traded down $0.12 during midday trading on Wednesday, hitting $16.33. The company’s stock had a trading volume of 5,410 shares, compared to its average volume of 104,235. The RMR Group has a one year low of $16.22 and a one year high of $26.43. 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 company’s fifty day simple moving average is $18.03 and its two-hundred day simple moving average is $21.11. The stock has a market capitalization of $519.89 million, a price-to-earnings ratio of 12.27 and a beta of 1.19.

The RMR Group Dividend Announcement

The business also recently announced 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 yield of 11.03%. The RMR Group’s dividend payout ratio is currently 135.34%.

About The RMR Group

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.