The RMR Group (NASDAQ:RMR) Major Shareholder Tremont Realty Capital Llc Purchases 2,015,748 Shares

The RMR Group Inc. (NASDAQ:RMR) major shareholder Tremont Realty Capital Llc acquired 2,015,748 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was acquired at an average price of $8.65 per share, with a total value of $17,436,220.20. Following the completion of the transaction, the insider directly owned 4,577,835 shares in the company, valued at $39,598,272.75. This trade represents a 78.68% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

The RMR Group Stock Up 1.9%

Shares of NASDAQ:RMR traded up $0.30 during midday trading on Thursday, reaching $15.73. 149,695 shares of the company were exchanged, compared to its average volume of 144,632. The firm has a market cap of $504.30 million, a PE ratio of 14.98 and a beta of 0.97. The stock has a fifty day simple moving average of $15.21 and a two-hundred day simple moving average of $16.03. The RMR Group Inc. has a fifty-two week low of $13.48 and a fifty-two week high of $22.22. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.05.

The RMR Group (NASDAQ:RMR) last announced its earnings results on Wednesday, November 12th. The financial services provider reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The business had revenue of $152.23 million during the quarter, compared to analysts’ expectations of $210.10 million. The RMR Group had a net margin of 2.48% and a return on equity of 4.60%. As a group, sell-side analysts forecast that The RMR Group Inc. will post 1.51 earnings per share for the current year.

The RMR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, October 27th were paid a $0.45 dividend. The ex-dividend date was Monday, October 27th. This represents a $1.80 dividend on an annualized basis and a yield of 11.4%. The RMR Group’s dividend payout ratio is 171.43%.

Hedge Funds Weigh In On The RMR Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Unison Advisors LLC lifted its position in shares of The RMR Group by 2.9% in the 2nd quarter. Unison Advisors LLC now owns 23,017 shares of the financial services provider’s stock worth $376,000 after purchasing an additional 649 shares during the period. NewEdge Advisors LLC lifted its position in shares of The RMR Group by 313.1% during the 1st quarter. NewEdge Advisors LLC now owns 1,483 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 1,124 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in shares of The RMR Group by 12.1% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 11,252 shares of the financial services provider’s stock valued at $177,000 after acquiring an additional 1,212 shares during the period. AlphaQuest LLC boosted its stake in The RMR Group by 131.3% during the first quarter. AlphaQuest LLC now owns 2,406 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 1,366 shares in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in The RMR Group by 538.5% in the third quarter. New York State Common Retirement Fund now owns 1,660 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,400 shares during the period. 42.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on RMR. Wall Street Zen upgraded The RMR Group from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Zacks Research downgraded The RMR Group from a “hold” rating to a “strong sell” rating in a research report on Monday, November 24th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of The RMR Group in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $24.00.

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.