Bank of New York Mellon Corp Sells 22,772 Shares of The RMR Group Inc. (NASDAQ:RMR)

Bank of New York Mellon Corp decreased its stake in shares of The RMR Group Inc. (NASDAQ:RMR) by 16.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 116,097 shares of the financial services provider’s stock after selling 22,772 shares during the period. Bank of New York Mellon Corp’s holdings in The RMR Group were worth $2,396,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of RMR. Hotchkis & Wiley Capital Management LLC raised its stake in The RMR Group by 40.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 825,280 shares of the financial services provider’s stock worth $20,946,000 after purchasing an additional 238,360 shares in the last quarter. Garner Asset Management Corp raised its stake in The RMR Group by 2.0% in the 3rd quarter. Garner Asset Management Corp now owns 288,273 shares of the financial services provider’s stock worth $7,316,000 after purchasing an additional 5,745 shares in the last quarter. JPMorgan Chase & Co. raised its stake in The RMR Group by 36.6% in the 3rd 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 in the last quarter. Martingale Asset Management L P raised its stake in The RMR Group by 4.3% in the 3rd quarter. Martingale Asset Management L P now owns 68,249 shares of the financial services provider’s stock worth $1,732,000 after purchasing an additional 2,842 shares in the last quarter. Finally, Barclays PLC raised its stake in The RMR Group by 55.6% in the 3rd quarter. Barclays PLC now owns 50,674 shares of the financial services provider’s stock worth $1,286,000 after purchasing an additional 18,100 shares in the last quarter. Institutional investors own 42.31% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of The RMR Group from a “hold” rating to a “buy” rating in a research report on Sunday, March 16th.

The RMR Group Trading Down 0.9 %

RMR opened at $16.89 on Friday. The RMR Group Inc. has a fifty-two week low of $16.76 and a fifty-two week high of $26.43. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of $537.88 million, a price-to-earnings ratio of 12.70 and a beta of 1.19. The company’s 50 day moving average price is $18.43 and its two-hundred day moving average price is $21.55.

The RMR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were given a dividend of $0.45 per share. The ex-dividend date was Monday, January 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.66%. The RMR Group’s payout ratio is presently 135.34%.

The RMR Group Company 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.