Los Angeles Capital Management LLC Decreases Stock Holdings in The RMR Group Inc. (NASDAQ:RMR)

Los Angeles Capital Management LLC lessened its stake in The RMR Group Inc. (NASDAQ:RMR) by 9.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 73,248 shares of the financial services provider’s stock after selling 8,075 shares during the quarter. Los Angeles Capital Management LLC’s holdings in The RMR Group were worth $1,859,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in RMR. Janney Montgomery Scott LLC purchased a new stake in shares of The RMR Group during the first quarter worth about $689,000. Garner Asset Management Corp boosted its holdings in The RMR Group by 14.8% in the 2nd 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. increased its stake in The RMR Group by 4.7% during the 2nd 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 in the last quarter. Nisa Investment Advisors LLC raised 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 acquiring an additional 2,405 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of The RMR Group by 2,439.0% in the third quarter. International Assets Investment Management LLC now owns 1,041 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,000 shares in the last quarter. 42.31% of the stock is currently owned by institutional investors and hedge funds.

The RMR Group Price Performance

Shares of NASDAQ:RMR opened at $22.79 on Thursday. The business’s 50 day moving average price is $24.77 and its 200-day moving average price is $24.26. The RMR Group Inc. has a 1 year low of $22.01 and a 1 year high of $28.82. The firm has a market capitalization of $723.13 million, a PE ratio of 16.76 and a beta of 1.26.

The RMR Group (NASDAQ:RMR) last announced 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 business 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 6.38% and a net margin of 2.57%. During the same period last year, the firm earned $0.48 EPS. As a group, analysts expect that The RMR Group Inc. will post 1.51 earnings per share for the current year.

The RMR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, October 28th will be issued a $0.45 dividend. The ex-dividend date is Monday, October 28th. This represents a $1.80 dividend on an annualized basis and a yield of 7.90%. The RMR Group’s payout ratio is 132.35%.

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.