Royce & Associates LP Reduces Stock Position in The RMR Group Inc. (NASDAQ:RMR)

Royce & Associates LP lessened its position in The RMR Group Inc. (NASDAQ:RMR) by 9.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 437,442 shares of the financial services provider’s stock after selling 44,000 shares during the period. Royce & Associates LP owned 1.37% of The RMR Group worth $9,029,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. lifted its stake in The RMR Group by 12.9% in the third quarter. Franklin Resources Inc. now owns 24,838 shares of the financial services provider’s stock worth $625,000 after acquiring an additional 2,831 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in The RMR Group by 13.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,496 shares of the financial services provider’s stock worth $926,000 after purchasing an additional 4,390 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of The RMR Group by 36.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 112,982 shares of the financial services provider’s stock worth $2,867,000 after purchasing an additional 30,258 shares during the period. Barclays PLC boosted its stake in shares of The RMR Group by 55.6% during the 3rd quarter. Barclays PLC now owns 50,674 shares of the financial services provider’s stock valued at $1,286,000 after purchasing an additional 18,100 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of The RMR Group during the fourth quarter valued at about $319,000. Hedge funds and other institutional investors own 42.31% of the company’s stock.

Analyst Upgrades and Downgrades

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

The RMR Group Price Performance

RMR opened at $17.09 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The company has a market cap of $544.25 million, a price-to-earnings ratio of 12.85 and a beta of 1.19. The stock has a fifty day simple moving average of $18.57 and a two-hundred day simple moving average of $21.68. The RMR Group Inc. has a 12-month low of $16.89 and a 12-month high of $26.43.

The RMR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were given a dividend of $0.45 per share. The ex-dividend date was Monday, January 27th. This represents a $1.80 dividend on an annualized basis and a yield of 10.53%. The RMR Group’s dividend payout ratio (DPR) is currently 135.34%.

The RMR Group 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.