The RMR Group (NASDAQ:RMR) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

The RMR Group Inc. (NASDAQ:RMR)’s share price crossed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $19.01 and traded as low as $18.14. The RMR Group shares last traded at $18.32, with a volume of 222,327 shares.

Analyst Ratings Changes

A number of equities research analysts have commented on RMR shares. Maxim Group began coverage on The RMR Group in a research report on Friday, October 9th. They set a “buy” rating and a $26.00 price objective for the company. Weiss Ratings cut The RMR Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, The RMR Group has an average rating of “Moderate Buy” and an average target price of $21.33.

The RMR Group Trading Down 2.0%

The business’s 50-day simple moving average is $19.01 and its 200-day simple moving average is $19.10. The company has a market cap of $587.71 million, a PE ratio of 16.07 and a beta of 1.00. 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 RMR Group (NASDAQ:RMR) last posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.15 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 company had revenue of $153.51 million for the quarter, compared to analysts’ expectations of $147.60 million. As a group, analysts expect that The RMR Group Inc. will post 0.63 EPS for the current fiscal year.

The RMR Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Monday, October 19th will be paid a $0.45 dividend. The ex-dividend date is Monday, October 19th. This represents a $1.80 dividend on an annualized basis and a yield of 9.8%. The RMR Group’s payout ratio is 157.89%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RMR. Bank of America Corp DE lifted its holdings in shares of The RMR Group by 76.1% during the 1st quarter. Bank of America Corp DE now owns 941,252 shares of the financial services provider’s stock valued at $14,561,000 after buying an additional 406,888 shares during the last quarter. Flat Footed LLC grew its stake in shares of The RMR Group by 2.4% in the 1st quarter. Flat Footed LLC now owns 802,739 shares of the financial services provider’s stock valued at $12,418,000 after buying an additional 18,776 shares in the last quarter. Aviance Capital Partners LLC grew its stake in shares of The RMR Group by 41.7% in the 1st quarter. Aviance Capital Partners LLC now owns 90,134 shares of the financial services provider’s stock valued at $1,394,000 after buying an additional 26,536 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in The RMR Group by 5.1% in the first quarter. Bank of New York Mellon Corp now owns 77,962 shares of the financial services provider’s stock worth $1,206,000 after buying an additional 3,769 shares during the last quarter. Finally, Quantinno Capital Management LP increased its holdings in The RMR Group by 16.3% in the first quarter. Quantinno Capital Management LP now owns 66,829 shares of the financial services provider’s stock worth $1,034,000 after buying an additional 9,347 shares during the last quarter. 42.31% of the stock is owned by institutional investors and hedge funds.

The RMR Group Company Profile

The RMR Group Inc is an alternative asset management company that provides management services to publicly traded and private real estate companies. Its platform supports businesses that own and operate commercial real estate, including office, industrial, healthcare, senior living, hotel, and other property types.

RMR’s services include property and asset management, leasing, acquisitions and dispositions, development and redevelopment, construction management, financing support, and strategic planning.