The RMR Group (NASDAQ:RMR) Sets New 52-Week Low – Should You Sell?

The RMR Group Inc. (NASDAQ:RMR) shares hit a new 52-week low on Thursday . The company traded as low as $16.56 and last traded at $16.57, with a volume of 23216 shares. The stock had previously closed at $16.96.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of The RMR Group from a “hold” rating to a “buy” rating in a report on Tuesday.

The RMR Group Price Performance

The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.10. The firm’s fifty day moving average price is $18.15 and its 200-day moving average price is $21.28. The stock has a market cap of $531.83 million, a P/E ratio of 12.56 and a beta of 1.19.

The RMR Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 10.78%. The ex-dividend date was Monday, January 27th. The RMR Group’s dividend payout ratio (DPR) is presently 135.34%.

Hedge Funds Weigh In On The RMR Group

Hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP purchased a new stake in The RMR Group in the fourth quarter worth about $63,000. SG Americas Securities LLC boosted its position in shares of The RMR Group by 15.3% in the 4th quarter. SG Americas Securities LLC now owns 6,832 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 908 shares in the last quarter. Aquatic Capital Management LLC grew its stake in shares of The RMR Group by 252.2% in the 4th quarter. Aquatic Capital Management LLC now owns 8,100 shares of the financial services provider’s stock worth $167,000 after buying an additional 5,800 shares during the last quarter. Wells Fargo & Company MN increased its position in The RMR Group by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 9,205 shares of the financial services provider’s stock valued at $190,000 after buying an additional 2,010 shares in the last quarter. Finally, Deutsche Bank AG increased its position in The RMR Group by 140.1% during the 4th quarter. Deutsche Bank AG now owns 13,515 shares of the financial services provider’s stock valued at $279,000 after buying an additional 7,885 shares in the last quarter. 42.31% of the stock is owned by hedge funds and other 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.