The RMR Group (NASDAQ:RMR) Shares Cross Below Fifty Day Moving Average – What’s Next?

The RMR Group Inc. (NASDAQ:RMR)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $20.19 and traded as low as $20.04. The RMR Group shares last traded at $20.38, with a volume of 106,410 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of The RMR Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, The RMR Group presently has an average rating of “Moderate Buy” and an average target price of $19.00.

The RMR Group Stock Performance

The stock has a market cap of $641.28 million, a price-to-earnings ratio of 17.51 and a beta of 1.05. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.06. The firm has a fifty day simple moving average of $20.18 and a 200-day simple moving average of $18.38.

The RMR Group (NASDAQ:RMR) last issued its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). The RMR Group had a net margin of 3.10% and a return on equity of 2.96%. The firm had revenue of $153.51 million for the quarter, compared to analyst estimates of $147.60 million. Analysts forecast that The RMR Group Inc. will post 0.63 EPS for the current fiscal year.

The RMR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, July 20th were given a dividend of $0.45 per share. The ex-dividend date was Monday, July 20th. This represents a $1.80 annualized dividend and a dividend yield of 9.0%. The RMR Group’s payout ratio is currently 157.89%.

Hedge Funds Weigh In On The RMR Group

Large investors have recently bought and sold shares of the business. Jefferies Financial Group Inc. bought a new stake in shares of The RMR Group in the 4th quarter valued at about $671,000. Aviance Capital Partners LLC boosted its stake in The RMR Group by 41.7% during the 1st quarter. Aviance Capital Partners LLC now owns 90,134 shares of the financial services provider’s stock worth $1,394,000 after acquiring an additional 26,536 shares during the last quarter. Principal Financial Group Inc. bought a new position in The RMR Group during the 1st quarter worth approximately $636,000. Quantinno Capital Management LP boosted its stake in The RMR Group by 16.3% during the 1st quarter. Quantinno Capital Management LP now owns 66,829 shares of the financial services provider’s stock worth $1,034,000 after acquiring an additional 9,347 shares during the last quarter. Finally, Flat Footed LLC grew its holdings in The RMR Group by 2.4% during the first quarter. Flat Footed LLC now owns 802,739 shares of the financial services provider’s stock valued at $12,418,000 after purchasing an additional 18,776 shares during the period. 42.31% of the stock is currently owned by institutional investors and hedge funds.

The RMR Group Company Profile

The RMR Group, Inc (NASDAQ: RMR) is a publicly traded asset management company that specializes in providing comprehensive real estate and investment management services to both public and private entities. Acting as an external manager, RMR offers a range of services encompassing property management, asset management, fund administration, accounting, investor relations and compliance oversight. Its client base includes real estate investment trusts (REITs), real estate operating companies (REOCs), closed-end real estate funds and institutional investors.

Founded in 1986, RMR Group has built a business model centered on recurring fee revenue generated through long-term service agreements with its managed entities.