Aviance Capital Partners LLC Grows Stock Holdings in The RMR Group Inc. $RMR

Aviance Capital Partners LLC raised its holdings in shares of The RMR Group Inc. (NASDAQ:RMR) by 41.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 90,134 shares of the financial services provider’s stock after buying an additional 26,536 shares during the quarter. Aviance Capital Partners LLC’s holdings in The RMR Group were worth $1,394,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in RMR. NewEdge Advisors LLC increased its holdings in shares of The RMR Group by 313.1% in the 1st quarter. NewEdge Advisors LLC now owns 1,483 shares of the financial services provider’s stock worth $25,000 after buying an additional 1,124 shares during the last quarter. Quarry LP bought a new position in shares of The RMR Group in the 3rd quarter valued at about $36,000. State of Alaska Department of Revenue bought a new position in shares of The RMR Group in the 4th quarter valued at about $41,000. Tower Research Capital LLC TRC lifted its holdings in shares of The RMR Group by 442.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 2,513 shares during the last quarter. Finally, Strs Ohio purchased a new position in The RMR Group in the first quarter worth about $50,000. 42.31% of the stock is owned by hedge funds and other institutional investors.

The RMR Group Trading Down 1.9%

Shares of RMR opened at $20.64 on Friday. The firm has a fifty day moving average price of $20.27 and a 200-day moving average price of $17.76. The firm has a market capitalization of $662.34 million, a P/E ratio of 17.06 and a beta of 1.05. The RMR Group Inc. has a 12-month low of $14.27 and a 12-month high of $21.45.

The RMR Group (NASDAQ:RMR) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). The RMR Group had a return on equity of 3.44% and a net margin of 3.23%.The company had revenue of $145.63 million during the quarter, compared to analysts’ expectations of $171.44 million. Analysts predict that The RMR Group Inc. will post 0.69 earnings per share for the current year.

The RMR Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, July 20th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, July 20th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.7%. The RMR Group’s dividend payout ratio (DPR) is 148.76%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Weiss Ratings raised The RMR Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Zacks Research raised The RMR Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

About The RMR Group

The RMR Group, Inc (NASDAQ: RMR) is a publicly traded asset management company that specializes in providing comprehensive real estate and investment management services to both public and private entities. Acting as an external manager, RMR offers a range of services encompassing property management, asset management, fund administration, accounting, investor relations and compliance oversight. Its client base includes real estate investment trusts (REITs), real estate operating companies (REOCs), closed-end real estate funds and institutional investors.

Founded in 1986, RMR Group has built a business model centered on recurring fee revenue generated through long-term service agreements with its managed entities.