Hill Winds Capital LP raised its position in shares of RMR Group Inc (NASDAQ:RMR) by 13.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 149,020 shares of the financial services provider’s stock after buying an additional 17,718 shares during the period. RMR Group comprises about 4.6% of Hill Winds Capital LP’s investment portfolio, making the stock its 11th biggest holding. Hill Winds Capital LP owned approximately 0.48% of RMR Group worth $6,801,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in RMR. Quadrant Capital Group LLC purchased a new position in shares of RMR Group during the fourth quarter valued at approximately $26,000. FIL Ltd purchased a new position in RMR Group during the 4th quarter valued at $27,000. Advisory Services Network LLC increased its position in RMR Group by 324.8% during the 4th quarter. Advisory Services Network LLC now owns 1,045 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 799 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in RMR Group by 223.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,135 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 784 shares during the period. Finally, New York State Teachers Retirement System raised its holdings in RMR Group by 116.7% in the 3rd quarter. New York State Teachers Retirement System now owns 1,300 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 700 shares in the last quarter. 39.91% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on RMR shares. BidaskClub cut shares of RMR Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 22nd. B. Riley lowered their price objective on shares of RMR Group from $66.00 to $63.00 and set a “buy” rating for the company in a report on Friday, February 7th. TheStreet lowered shares of RMR Group from a “b-” rating to a “c+” rating in a report on Monday, February 10th. Zacks Investment Research raised RMR Group from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Royal Bank of Canada initiated coverage on RMR Group in a report on Thursday, December 12th. They set a “sector perform” rating and a $49.00 target price on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. RMR Group currently has an average rating of “Hold” and an average target price of $51.33.
RMR Group (NASDAQ:RMR) last announced its earnings results on Thursday, February 6th. The financial services provider reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.01). RMR Group had a net margin of 5.37% and a return on equity of 6.68%. The business had revenue of $159.89 million for the quarter, compared to the consensus estimate of $160.57 million. Equities analysts predict that RMR Group Inc will post 2.22 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were paid a $0.38 dividend. The ex-dividend date was Friday, January 24th. This represents a $1.52 annualized dividend and a dividend yield of 4.01%. RMR Group’s payout ratio is currently 31.47%.
RMR Group Company Profile
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 five publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2018, the company had approximately 1,700 properties under management, which are primarily owned by its Managed Equity REITs.
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