BayBridge Capital Group LLC Increases Stock Holdings in The RMR Group Inc. (NASDAQ:RMR)

BayBridge Capital Group LLC raised its holdings in The RMR Group Inc. (NASDAQ:RMR) by 9.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,156 shares of the financial services provider’s stock after buying an additional 1,656 shares during the quarter. BayBridge Capital Group LLC owned about 0.06% of The RMR Group worth $512,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its holdings in shares of The RMR Group by 203.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 63,048 shares of the financial services provider’s stock valued at $1,513,000 after acquiring an additional 42,288 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in The RMR Group during the 1st quarter valued at approximately $689,000. Garner Asset Management Corp raised its holdings in shares of The RMR Group by 14.8% in the second quarter. Garner Asset Management Corp now owns 282,528 shares of the financial services provider’s stock worth $6,385,000 after buying an additional 36,369 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of The RMR Group by 4.7% during the second quarter. Federated Hermes Inc. now owns 527,826 shares of the financial services provider’s stock worth $11,929,000 after buying an additional 23,654 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in shares of The RMR Group by 42.8% during the second quarter. Nisa Investment Advisors LLC now owns 8,029 shares of the financial services provider’s stock valued at $181,000 after buying an additional 2,405 shares during the last quarter. Institutional investors and hedge funds own 42.31% of the company’s stock.

The RMR Group Price Performance

Shares of RMR stock opened at $24.67 on Friday. The business has a fifty day moving average of $25.06 and a 200 day moving average of $24.20. The RMR Group Inc. has a 1 year low of $21.60 and a 1 year high of $28.82. The firm has a market capitalization of $782.78 million, a price-to-earnings ratio of 16.45 and a beta of 1.26.

The RMR Group (NASDAQ:RMR) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). The firm had revenue of $205.48 million during the quarter, compared to analysts’ expectations of $227.68 million. The RMR Group had a return on equity of 6.95% and a net margin of 2.80%. During the same quarter in the previous year, the business earned $0.48 earnings per share. As a group, equities research analysts expect that The RMR Group Inc. will post 1.64 earnings per share for the current year.

The RMR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, October 28th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.30%. The ex-dividend date is Monday, October 28th. The RMR Group’s dividend payout ratio (DPR) is currently 120.00%.

The RMR Group Profile

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides asset management services in the United States. The company offers management services to its four publicly traded real estate investment trusts, three real estate operating companies, and private capital vehicles. It also provides advisory services to publicly traded mortgage real estate investment trust.