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

The RMR Group Inc. (NASDAQ:RMR) was the target of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 210,300 shares, an increase of 50.0% from the November 15th total of 140,200 shares. Currently, 1.5% of the shares of the company are short sold. Based on an average daily volume of 72,800 shares, the short-interest ratio is presently 2.9 days.

The RMR Group Stock Performance

Shares of The RMR Group stock traded up $0.06 during trading on Friday, reaching $21.97. The company’s stock had a trading volume of 89,460 shares, compared to its average volume of 87,622. The RMR Group has a 52 week low of $21.46 and a 52 week high of $28.82. The firm has a market cap of $699.74 million, a PE ratio of 16.15 and a beta of 1.23. The business’s 50-day moving average price is $23.50 and its 200-day moving average price is $24.01. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.10.

The RMR Group (NASDAQ:RMR) last announced its earnings results on Monday, November 11th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04). The RMR Group had a return on equity of 6.40% and a net margin of 2.57%. The business had revenue of $212.30 million for the quarter, compared to analyst estimates of $220.15 million. During the same quarter in the previous year, the company earned $0.48 EPS. Equities analysts forecast that The RMR Group will post 1.62 earnings per share for the current year.

The RMR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were given a dividend of $0.45 per share. The ex-dividend date was Monday, October 28th. This represents a $1.80 annualized dividend and a yield of 8.19%. The RMR Group’s dividend payout ratio is 132.35%.

Hedge Funds Weigh In On The RMR Group

Several hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of The RMR Group by 4.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,446 shares of the financial services provider’s stock worth $491,000 after acquiring an additional 830 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of The RMR Group by 42.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 8,029 shares of the financial services provider’s stock valued at $181,000 after purchasing an additional 2,405 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of The RMR Group by 7.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 147,913 shares of the financial services provider’s stock valued at $3,343,000 after purchasing an additional 10,303 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of The RMR Group by 9.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 69,321 shares of the financial services provider’s stock worth $1,567,000 after buying an additional 6,273 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in The RMR Group by 56.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,595 shares of the financial services provider’s stock valued at $149,000 after buying an additional 2,378 shares in the last quarter. 42.31% of the stock is 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.