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

The RMR Group Inc. (NASDAQ:RMR) was the target of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 210,300 shares, an increase of 50.0% from the November 15th total of 140,200 shares. Based on an average daily trading volume, of 72,800 shares, the short-interest ratio is currently 2.9 days. Approximately 1.5% of the company’s shares are short sold.

The RMR Group Trading Up 0.3 %

RMR stock traded up $0.06 during midday trading on Friday, hitting $21.97. The company had a trading volume of 89,460 shares, compared to its average volume of 87,622. The stock has a market cap of $699.74 million, a price-to-earnings ratio of 16.15 and a beta of 1.23. The RMR Group has a 52 week low of $21.46 and a 52 week high of $28.82. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10. The stock’s 50 day moving average price is $23.50 and its 200 day moving average price is $24.01.

The RMR Group (NASDAQ:RMR) last posted its quarterly earnings results on Monday, November 11th. The financial services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 2.57% and a return on equity of 6.40%. During the same quarter in the prior year, the company earned $0.48 earnings per share. As a group, equities research analysts expect that The RMR Group will post 1.62 earnings per share for the current fiscal year.

The RMR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, October 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.19%. The RMR Group’s dividend payout ratio is currently 132.35%.

Institutional Trading of The RMR Group

Several large investors have recently modified their holdings of RMR. Unison Advisors LLC boosted its holdings in The RMR Group by 2.0% in the third quarter. Unison Advisors LLC now owns 21,492 shares of the financial services provider’s stock valued at $545,000 after acquiring an additional 412 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of The RMR Group by 18.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 3,177 shares of the financial services provider’s stock valued at $81,000 after purchasing an additional 500 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of The RMR Group by 7.7% during the second quarter. Cubist Systematic Strategies LLC now owns 8,954 shares of the financial services provider’s stock valued at $202,000 after buying an additional 639 shares during the period. Janney Montgomery Scott LLC raised its stake in The RMR Group by 2.8% in the third quarter. Janney Montgomery Scott LLC now owns 30,102 shares of the financial services provider’s stock worth $764,000 after buying an additional 817 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in The RMR Group by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,446 shares of the financial services provider’s stock worth $491,000 after buying an additional 830 shares in the last quarter. 42.31% of the stock is owned by institutional investors.

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.