Key Points
- Tremont Realty Capital bought 2,015,748 shares of The RMR Group at an average price of $8.65 (≈$17.44M), raising its direct stake to 4,577,835 shares — a 78.68% increase disclosed in an SEC filing.
- The company pays a hefty dividend of $0.45 quarterly ($1.80 annualized) for a 11.4% yield, but the dividend payout ratio is an elevated 171.43%, signaling potential sustainability risk.
- RMR reported Q3 EPS of $0.22 (in line with estimates) while revenue missed at $152.23M versus $210.10M expected; the stock has a market cap of ~$504M and carries mixed analyst sentiment with a consensus target of $24.00.
The RMR Group Inc. (NASDAQ:RMR - Get Free Report) major shareholder Tremont Realty Capital Llc bought 2,015,748 shares of The RMR Group stock in a transaction that occurred on Thursday, December 11th. The shares were acquired at an average price of $8.65 per share, for a total transaction of $17,436,220.20. Following the completion of the transaction, the insider directly owned 4,577,835 shares of the company's stock, valued at $39,598,272.75. This trade represents a 78.68% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
The RMR Group Stock Up 1.9%
RMR opened at $15.73 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.25 and a quick ratio of 0.25. The stock has a market capitalization of $504.30 million, a price-to-earnings ratio of 14.98 and a beta of 0.97. The business has a 50-day moving average of $15.21 and a two-hundred day moving average of $16.02. The RMR Group Inc. has a 12 month low of $13.48 and a 12 month high of $22.22.
The RMR Group (NASDAQ:RMR - Get Free Report) last announced its quarterly earnings data on Wednesday, November 12th. The financial services provider reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The RMR Group had a net margin of 2.48% and a return on equity of 4.60%. The business had revenue of $152.23 million for the quarter, compared to analyst estimates of $210.10 million. On average, research analysts expect that The RMR Group Inc. will post 1.51 earnings per share for the current year.
The RMR Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, October 27th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.4%. The ex-dividend date was Monday, October 27th. The RMR Group's dividend payout ratio (DPR) is 171.43%.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on RMR shares. Wall Street Zen raised The RMR Group from a "sell" rating to a "hold" rating in a research report on Saturday, December 6th. Zacks Research lowered The RMR Group from a "hold" rating to a "strong sell" rating in a research note on Monday, November 24th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of The RMR Group in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $24.00.
Read Our Latest Stock Report on The RMR Group
Institutional Trading of The RMR Group
Large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its position in The RMR Group by 313.1% in the first quarter. NewEdge Advisors LLC now owns 1,483 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 1,124 shares during the period. New York State Common Retirement Fund grew its stake in shares of The RMR Group by 538.5% in the third quarter. New York State Common Retirement Fund now owns 1,660 shares of the financial services provider's stock valued at $26,000 after buying an additional 1,400 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of The RMR Group by 1,307.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,773 shares of the financial services provider's stock valued at $29,000 after buying an additional 1,647 shares during the period. Quarry LP acquired a new position in The RMR Group during the 3rd quarter worth approximately $36,000. Finally, AlphaQuest LLC lifted its position in The RMR Group by 131.3% during the 1st quarter. AlphaQuest LLC now owns 2,406 shares of the financial services provider's stock worth $40,000 after acquiring an additional 1,366 shares in the last quarter. 42.31% of the stock is currently owned by institutional investors and hedge funds.
About The RMR Group
(
Get Free Report)
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.
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