The RMR Group Inc. (NASDAQ:RMR) Short Interest Update

The RMR Group Inc. (NASDAQ:RMR) saw a large drop in short interest in November. As of November 15th, there was short interest totalling 140,200 shares, a drop of 33.2% from the October 31st total of 209,900 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average trading volume of 70,900 shares, the days-to-cover ratio is currently 2.0 days.

The RMR Group Price Performance

RMR stock traded up $0.04 during midday trading on Friday, reaching $22.20. 59,389 shares of the stock were exchanged, compared to its average volume of 95,720. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $707.07 million, a PE ratio of 16.32 and a beta of 1.26. The RMR Group has a 52 week low of $21.46 and a 52 week high of $28.82. The company has a fifty day moving average price of $24.10 and a 200 day moving average price of $24.11.

The RMR Group (NASDAQ:RMR) last released its quarterly earnings results on Monday, November 11th. The financial services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.04). The firm had revenue of $212.30 million for the quarter, compared to the consensus estimate of $220.15 million. The RMR Group had a return on equity of 6.40% and a net margin of 2.57%. During the same quarter last year, the firm posted $0.48 earnings per share. As a group, analysts expect that The RMR Group will post 1.42 EPS for the current fiscal year.

The RMR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 8.11%. The ex-dividend date was Monday, October 28th. The RMR Group’s dividend payout ratio (DPR) is currently 132.35%.

Hedge Funds Weigh In On The RMR Group

Large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of The RMR Group by 0.4% during the first quarter. Vanguard Group Inc. now owns 2,276,544 shares of the financial services provider’s stock worth $54,637,000 after acquiring an additional 9,488 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in The RMR Group by 40.6% during 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 during the last quarter. Federated Hermes Inc. raised its holdings 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 purchasing an additional 23,654 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of The RMR Group by 0.3% in the 2nd quarter. Renaissance Technologies LLC now owns 454,217 shares of the financial services provider’s stock worth $10,265,000 after purchasing an additional 1,303 shares during the period. Finally, Garner Asset Management Corp boosted its stake in shares of 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 valued at $7,316,000 after purchasing an additional 5,745 shares during the last quarter. Institutional investors own 42.31% of the company’s stock.

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.