Spark Investment Management LLC lowered its position in RMR Group Inc (NASDAQ:RMR) by 79.2% in the first quarter, Holdings Channel reports. The fund owned 5,500 shares of the financial services provider’s stock after selling 20,900 shares during the period. Spark Investment Management LLC’s holdings in RMR Group were worth $335,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of RMR. Bank of Montreal Can raised its holdings in RMR Group by 104.3% during the first quarter. Bank of Montreal Can now owns 672 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 343 shares in the last quarter. Royal London Asset Management Ltd. acquired a new stake in RMR Group during the first quarter worth approximately $54,000. Braun Bostich & Associates Inc. raised its holdings in RMR Group by 97.3% during the fourth quarter. Braun Bostich & Associates Inc. now owns 2,024 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 998 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in RMR Group by 255.8% during the first quarter. BNP Paribas Arbitrage SA now owns 1,836 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 1,320 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its holdings in RMR Group by 377.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,584 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 2,043 shares in the last quarter. Institutional investors own 17.75% of the company’s stock.

NASDAQ:RMR traded up $0.56 during midday trading on Friday, reaching $50.45. The stock had a trading volume of 1,458 shares, compared to its average volume of 56,088. RMR Group Inc has a 12-month low of $48.38 and a 12-month high of $98.00. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 21.65 and a beta of 1.17.

RMR Group (NASDAQ:RMR) last posted its quarterly earnings data on Friday, May 10th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.04). RMR Group had a net margin of 14.31% and a return on equity of 16.42%. The firm had revenue of $130.10 million during the quarter, compared to analysts’ expectations of $141.12 million. As a group, equities research analysts anticipate that RMR Group Inc will post 4.84 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, April 29th were given a $0.35 dividend. The ex-dividend date was Friday, April 26th. This represents a $1.40 dividend on an annualized basis and a yield of 2.78%. RMR Group’s dividend payout ratio (DPR) is 60.09%.

A number of equities analysts have recently commented on the stock. BidaskClub raised shares of RMR Group from a “sell” rating to a “hold” rating in a report on Wednesday, February 20th. ValuEngine cut shares of RMR Group from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Zacks Investment Research raised shares of RMR Group from a “strong sell” rating to a “hold” rating and set a $74.00 target price on the stock in a report on Tuesday, February 5th. TheStreet raised shares of RMR Group from a “c+” rating to a “b” rating in a report on Friday, January 25th. Finally, B. Riley set a $89.00 target price on shares of RMR Group and gave the company a “buy” rating in a report on Tuesday, January 29th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $76.00.

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About RMR Group

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides business and property management services in the United States. It provides management services to its five publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2018, the company had approximately 1,700 properties under management, which are primarily owned by its Managed Equity REITs.

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

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