The RMR Group Inc. (NASDAQ:RMR) Short Interest Update

The RMR Group Inc. (NASDAQ:RMR) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 161,500 shares, a decline of 23.2% from the November 30th total of 210,300 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average trading volume of 81,700 shares, the short-interest ratio is presently 2.0 days.

The RMR Group Trading Down 1.6 %

NASDAQ RMR opened at $20.49 on Friday. The RMR Group has a 12 month low of $20.26 and a 12 month high of $28.82. The stock has a 50-day simple moving average of $22.58 and a 200 day simple moving average of $23.82. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $652.52 million, a PE ratio of 15.07 and a beta of 1.23.

The RMR Group (NASDAQ:RMR) last posted its earnings results on Monday, November 11th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.04). The company had revenue of $212.30 million for the quarter, compared to analyst estimates of $220.15 million. The RMR Group had a return on equity of 6.40% and a net margin of 2.57%. During the same quarter in the previous year, the firm posted $0.48 earnings per share. Research analysts forecast that The RMR Group will post 1.62 EPS for the current year.

The RMR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were issued a $0.45 dividend. The ex-dividend date was Monday, October 28th. This represents a $1.80 annualized dividend and a yield of 8.78%. The RMR Group’s dividend payout ratio (DPR) is presently 132.35%.

Hedge Funds Weigh In On The RMR Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of The RMR Group by 36.6% during the third quarter. JPMorgan Chase & Co. now owns 112,982 shares of the financial services provider’s stock worth $2,867,000 after purchasing an additional 30,258 shares during the period. Franklin Resources Inc. increased its stake in The RMR Group by 12.9% during the 3rd quarter. Franklin Resources Inc. now owns 24,838 shares of the financial services provider’s stock worth $625,000 after purchasing an additional 2,831 shares in the last quarter. Barclays PLC raised its holdings in The RMR Group by 55.6% during the 3rd quarter. Barclays PLC now owns 50,674 shares of the financial services provider’s stock worth $1,286,000 after buying an additional 18,100 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its stake in The RMR Group by 40.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 825,280 shares of the financial services provider’s stock valued at $20,946,000 after buying an additional 238,360 shares in the last quarter. Finally, Martingale Asset Management L P boosted its holdings in shares of The RMR Group by 4.3% in the third quarter. Martingale Asset Management L P now owns 68,249 shares of the financial services provider’s stock valued at $1,732,000 after buying an additional 2,842 shares during the period. 42.31% of the stock is owned by institutional investors.

About The RMR Group

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.