The RMR Group (NASDAQ:RMR) Sets New 12-Month Low – Time to Sell?

The RMR Group Inc. (NASDAQ:RMR)’s stock price reached a new 52-week low on Wednesday . The company traded as low as $16.08 and last traded at $16.45, with a volume of 375 shares changing hands. The stock had previously closed at $16.44.

Wall Street Analysts Forecast Growth

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

The RMR Group Price Performance

The stock has a market capitalization of $519.09 million, a P/E ratio of 12.26 and a beta of 1.19. The company has a 50 day moving average of $18.03 and a 200-day moving average of $21.11. 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 RMR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 11.04%. The ex-dividend date was Monday, January 27th. The RMR Group’s payout ratio is currently 135.34%.

Institutional Investors Weigh In On The RMR Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new position in The RMR Group during the 4th quarter valued at about $63,000. SG Americas Securities LLC lifted its holdings in The RMR Group by 15.3% in the 4th quarter. SG Americas Securities LLC now owns 6,832 shares of the financial services provider’s stock valued at $141,000 after acquiring an additional 908 shares during the last quarter. Aquatic Capital Management LLC boosted its holdings in shares of The RMR Group by 252.2% in the fourth quarter. Aquatic Capital Management LLC now owns 8,100 shares of the financial services provider’s stock worth $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 valued at $190,000 after purchasing an additional 2,010 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of 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 valued at $279,000 after purchasing an additional 7,885 shares in the last quarter. 42.31% of the stock is currently owned by institutional investors.

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.