Old Mutual Global Investors UK Ltd. Reduces Stake in RMR Group Inc (RMR)

Old Mutual Global Investors UK Ltd. cut its position in RMR Group Inc (NASDAQ:RMR) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,185 shares of the financial services provider’s stock after selling 1,079 shares during the quarter. Old Mutual Global Investors UK Ltd. owned 0.21% of RMR Group worth $1,849,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its holdings in RMR Group by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 27,854 shares of the financial services provider’s stock valued at $1,356,000 after purchasing an additional 152 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in RMR Group by 8.9% in the second quarter. The Manufacturers Life Insurance Company now owns 6,194 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 506 shares during the period. Mckinley Capital Management LLC Delaware boosted its holdings in RMR Group by 1.5% in the third quarter. Mckinley Capital Management LLC Delaware now owns 69,006 shares of the financial services provider’s stock valued at $3,543,000 after purchasing an additional 1,052 shares during the period. Dupont Capital Management Corp boosted its holdings in RMR Group by 24.3% in the fourth quarter. Dupont Capital Management Corp now owns 7,090 shares of the financial services provider’s stock valued at $420,000 after purchasing an additional 1,384 shares during the period. Finally, Teachers Advisors LLC boosted its holdings in RMR Group by 4.0% in the second quarter. Teachers Advisors LLC now owns 39,402 shares of the financial services provider’s stock valued at $1,917,000 after purchasing an additional 1,515 shares during the period. 34.71% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently issued reports on the company. B. Riley reiterated a “neutral” rating on shares of RMR Group in a report on Wednesday, November 1st. Zacks Investment Research upgraded RMR Group from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a report on Wednesday, January 10th. Oppenheimer reiterated a “hold” rating on shares of RMR Group in a report on Tuesday, December 12th. TheStreet upgraded RMR Group from a “c” rating to a “b-” rating in a report on Tuesday, December 12th. Finally, BidaskClub lowered RMR Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 4th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $62.25.

Shares of RMR Group Inc (NASDAQ:RMR) opened at $60.85 on Friday. The stock has a market capitalization of $1,899.32, a PE ratio of 31.91 and a beta of -0.51. RMR Group Inc has a fifty-two week low of $42.35 and a fifty-two week high of $67.90.

RMR Group (NASDAQ:RMR) last announced its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.11. The company had revenue of $218.54 million during the quarter, compared to the consensus estimate of $206.85 million. RMR Group had a return on equity of 10.86% and a net margin of 23.35%. analysts predict that RMR Group Inc will post 2.51 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Monday, January 29th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Friday, January 26th. RMR Group’s dividend payout ratio (DPR) is 17.99%.

ILLEGAL ACTIVITY WARNING: This news story was reported by Week Herald and is the sole property of of Week Herald. If you are viewing this news story on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this news story can be accessed at https://weekherald.com/2018/02/17/old-mutual-global-investors-uk-ltd-reduces-stake-in-rmr-group-inc-rmr.html.

About RMR Group

The RMR Group Inc is a holding company. The Company’s business is primarily conducted by its subsidiary, The RMR Group LLC (RMR LLC). The Company’s segments include RMR LLC and All Other Operations. RMR LLC manages a portfolio of publicly owned real estate and real estate related businesses. RMR LLC manages Government Properties Income Trust, a real estate investment trust (REIT) that primarily owns properties that are leased to government tenants; Hospitality Properties Trust, an REIT that primarily owns hotels and travel centers; Select Income REIT, an REIT that primarily owns properties leased to single tenants across the United States and leased lands in Hawaii, and Senior Housing Properties Trust, an REIT that primarily owns senior living communities and medical office buildings.

Want to see what other hedge funds are holding RMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RMR Group Inc (NASDAQ:RMR).

Institutional Ownership by Quarter for RMR Group (NASDAQ:RMR)

Receive News & Ratings for RMR Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RMR Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply