Engine Capital Management LLC boosted its stake in shares of RMR Group Inc (NASDAQ:RMR) by 718.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,541 shares of the financial services provider’s stock after acquiring an additional 78,601 shares during the quarter. RMR Group accounts for 2.9% of Engine Capital Management LLC’s portfolio, making the stock its 10th largest position. Engine Capital Management LLC’s holdings in RMR Group were worth $5,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the company. SG Americas Securities LLC bought a new position in RMR Group in the fourth quarter valued at about $131,000. UBS Asset Management Americas Inc. bought a new position in RMR Group in the fourth quarter valued at about $209,000. Voya Investment Management LLC bought a new position in RMR Group in the second quarter valued at about $218,000. Two Sigma Investments LP bought a new position in RMR Group in the fourth quarter valued at about $249,000. Finally, Aperio Group LLC bought a new position in RMR Group in the third quarter valued at about $264,000. Institutional investors own 17.89% of the company’s stock.
RMR Group Inc (NASDAQ RMR) opened at $70.20 on Tuesday. RMR Group Inc has a 1-year low of $42.35 and a 1-year high of $73.05. The stock has a market capitalization of $2,257.69, a PE ratio of 37.93 and a beta of -0.11.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Monday, January 29th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Friday, January 26th. RMR Group’s dividend payout ratio (DPR) is presently 17.99%.
Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded RMR Group from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a report on Saturday, January 27th. BidaskClub upgraded RMR Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 20th. B. Riley set a $61.00 target price on RMR Group and gave the stock a “hold” rating in a report on Tuesday, January 23rd. Finally, TheStreet upgraded RMR Group from a “c” rating to a “b-” rating in a report on Tuesday, December 12th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $62.25.
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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.
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