The RMR Group (NASDAQ:RMR) Stock Passes Below Fifty Day Moving Average – Here’s Why

Shares of The RMR Group Inc. (NASDAQ:RMR) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $19.79 and traded as low as $19.01. The RMR Group shares last traded at $19.06, with a volume of 55,716 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of The RMR Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.00.

The RMR Group Stock Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market cap of $610.16 million, a price-to-earnings ratio of 16.68 and a beta of 1.02. The firm has a 50 day simple moving average of $19.76 and a 200-day simple moving average of $18.73.

The RMR Group (NASDAQ:RMR) last announced 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 business had revenue of $153.51 million during the quarter, compared to analyst estimates of $147.60 million. The RMR Group had a net margin of 3.10% and a return on equity of 2.96%. As a group, analysts predict that The RMR Group Inc. will post 0.63 EPS for the current fiscal year.

The RMR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, July 20th were given a $0.45 dividend. The ex-dividend date of this dividend was Monday, July 20th. This represents a $1.80 dividend on an annualized basis and a yield of 9.5%. The RMR Group’s dividend payout ratio is presently 157.89%.

Institutional Investors Weigh In On The RMR Group

A number of institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC raised its stake in shares of The RMR Group by 313.1% in 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. Alliancebernstein L.P. boosted its position in shares of The RMR Group by 7.1% during the 3rd quarter. Alliancebernstein L.P. now owns 21,097 shares of the financial services provider’s stock worth $332,000 after purchasing an additional 1,400 shares during the period. Qube Research & Technologies Ltd increased its holdings in The RMR Group by 2.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 61,809 shares of the financial services provider’s stock valued at $1,011,000 after purchasing an additional 1,641 shares during the last quarter. Triumph Capital Management increased its holdings in The RMR Group by 117.7% in the 2nd quarter. Triumph Capital Management now owns 3,052 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 1,650 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in The RMR Group by 120.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,393 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 1,857 shares during the last quarter. 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.