Short Interest in The RMR Group Inc. (NASDAQ:RMR) Rises By 39.7%

The RMR Group Inc. (NASDAQ:RMR) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 291,100 shares, a growth of 39.7% from the March 31st total of 208,400 shares. Approximately 2.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 182,600 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Investors Weigh In On The RMR Group

Hedge funds have recently bought and sold shares of the stock. Linden Thomas Advisory Services LLC lifted its holdings in shares of The RMR Group by 2.2% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 48,038 shares of the financial services provider’s stock worth $800,000 after acquiring an additional 1,056 shares during the last quarter. Aviance Capital Partners LLC lifted its stake in The RMR Group by 187.7% during the first quarter. Aviance Capital Partners LLC now owns 55,033 shares of the financial services provider’s stock worth $916,000 after purchasing an additional 35,904 shares during the last quarter. CWA Asset Management Group LLC boosted its holdings in shares of The RMR Group by 42.7% in the 1st quarter. CWA Asset Management Group LLC now owns 68,535 shares of the financial services provider’s stock worth $1,141,000 after purchasing an additional 20,506 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of The RMR Group during the 1st quarter valued at about $248,000. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of The RMR Group by 30.3% during the 1st quarter. Harbor Capital Advisors Inc. now owns 43,957 shares of the financial services provider’s stock valued at $732,000 after buying an additional 10,220 shares in the last quarter. 42.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RMR has been the topic of a number of recent analyst reports. StockNews.com raised shares of The RMR Group from a “hold” rating to a “buy” rating in a report on Tuesday, March 25th. B. Riley started coverage on shares of The RMR Group in a research report on Tuesday, April 22nd. They set a “buy” rating and a $24.00 price target for the company.

The RMR Group Price Performance

Shares of NASDAQ RMR opened at $14.53 on Friday. The firm has a market capitalization of $462.72 million, a P/E ratio of 10.92 and a beta of 1.10. 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 stock’s 50-day simple moving average is $16.31 and its two-hundred day simple moving average is $19.46. The RMR Group has a twelve month low of $14.34 and a twelve month high of $26.43.

The RMR Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 12.39%. The ex-dividend date of this dividend is Tuesday, April 22nd. The RMR Group’s dividend payout ratio is currently 135.34%.

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.