Teachers Advisors LLC Has $1.27 Million Position in RMR Group Inc (RMR)

Teachers Advisors LLC raised its stake in RMR Group Inc (NYSE:RMR) by 88.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,198 shares of the financial services provider’s stock after buying an additional 15,151 shares during the period. Teachers Advisors LLC owned approximately 0.20% of RMR Group worth $1,272,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the stock. WFG Advisors LP boosted its stake in shares of RMR Group by 36,105.0% in the fourth quarter. WFG Advisors LP now owns 7,241 shares of the financial services provider’s stock worth $632,000 after buying an additional 7,221 shares during the period. Tudor Investment Corp Et Al boosted its stake in shares of RMR Group by 3.5% in the fourth quarter. Tudor Investment Corp Et Al now owns 10,944 shares of the financial services provider’s stock worth $432,000 after buying an additional 367 shares during the period. Menta Capital LLC purchased a new stake in shares of RMR Group during the fourth quarter worth about $448,000. Prudential Financial Inc. bought a new stake in RMR Group during the third quarter valued at approximately $509,000. Finally, Bessemer Group Inc. increased its stake in RMR Group by 4.9% in the fourth quarter. Bessemer Group Inc. now owns 15,000 shares of the financial services provider’s stock valued at $593,000 after buying an additional 700 shares in the last quarter.

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

RMR Group Inc (NYSE:RMR) traded down 0.59% on Friday, reaching $50.15. The company’s stock had a trading volume of 88,744 shares. The company has a market capitalization of $807.11 million and a price-to-earnings ratio of 18.12. RMR Group Inc has a 1-year low of $28.32 and a 1-year high of $55.10. The stock has a 50 day moving average price of $50.81 and a 200-day moving average price of $47.68.

RMR Group (NYSE:RMR) last released its quarterly earnings results on Wednesday, May 10th. The financial services provider reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The firm had revenue of $54.30 million for the quarter, compared to analyst estimates of $52.79 million. Equities analysts predict that RMR Group Inc will post $2.83 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 18th. Investors of record on Friday, April 21st were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, April 19th. This represents a $1.00 annualized dividend and a yield of 1.99%.

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Several analysts have commented on the company. Canaccord Genuity began coverage on RMR Group in a research note on Wednesday, May 31st. They set a “buy” rating and a $72.00 price objective for the company. FBR & Co restated a “mkt perform” rating and issued a $48.00 price target (up previously from $44.00) on shares of RMR Group in a report on Friday, May 12th. Zacks Investment Research upgraded RMR Group from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Tuesday, May 16th. Finally, Oppenheimer Holdings, Inc. assumed coverage on RMR Group in a report on Tuesday, April 18th. They set a “market perform” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $59.33.

RMR Group Company Profile

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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