O Shaughnessy Asset Management LLC Buys 11,171 Shares of RMR Group (RMR)

O Shaughnessy Asset Management LLC grew its stake in shares of RMR Group (NASDAQ:RMR) by 52.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,496 shares of the financial services provider’s stock after acquiring an additional 11,171 shares during the period. O Shaughnessy Asset Management LLC owned 0.10% of RMR Group worth $2,273,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RMR. Arrowstreet Capital Limited Partnership increased its holdings in shares of RMR Group by 37.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 23,458 shares of the financial services provider’s stock worth $1,391,000 after purchasing an additional 6,389 shares during the period. Aperio Group LLC increased its holdings in shares of RMR Group by 32.3% in the fourth quarter. Aperio Group LLC now owns 6,805 shares of the financial services provider’s stock worth $404,000 after purchasing an additional 1,661 shares during the period. Wells Fargo & Company MN increased its holdings in shares of RMR Group by 23.0% in the third quarter. Wells Fargo & Company MN now owns 41,599 shares of the financial services provider’s stock worth $2,137,000 after purchasing an additional 7,783 shares during the period. Engine Capital Management LLC increased its holdings in shares of RMR Group by 718.5% in the fourth quarter. Engine Capital Management LLC now owns 89,541 shares of the financial services provider’s stock worth $5,310,000 after purchasing an additional 78,601 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of RMR Group by 4.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 30,494 shares of the financial services provider’s stock worth $1,809,000 after purchasing an additional 1,248 shares during the period. Hedge funds and other institutional investors own 18.56% of the company’s stock.

RMR Group opened at $78.85 on Thursday, according to Marketbeat Ratings. The firm has a market capitalization of $2.40 billion, a P/E ratio of 38.07 and a beta of -0.20. RMR Group has a 52 week low of $76.65 and a 52 week high of $77.95.

RMR Group (NASDAQ:RMR) last posted its quarterly earnings results on Thursday, May 10th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.04). RMR Group had a net margin of 23.43% and a return on equity of 10.30%. The business had revenue of $59.28 million for the quarter, compared to analysts’ expectations of $60.58 million. equities analysts forecast that RMR Group will post 2.34 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 17th. Shareholders of record on Monday, April 30th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 27th. This represents a $1.00 annualized dividend and a yield of 1.27%. RMR Group’s payout ratio is 26.39%.

A number of research firms recently commented on RMR. Zacks Investment Research cut RMR Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine raised RMR Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. BidaskClub raised RMR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 4th. Finally, B. Riley set a $88.00 target price on RMR Group and gave the company a “hold” rating in a research note on Monday. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $73.00.

About RMR Group

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides business and property management services in the United States. It provides management services to its four publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2017, the company had approximately 1,400 properties under management, which are primarily owned by its Managed Equity REITs.

Institutional Ownership by Quarter for RMR Group (NASDAQ:RMR)

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