Mackenzie Financial Corp decreased its stake in The RMR Group Inc. (NASDAQ:RMR) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,577 shares of the financial services provider’s stock after selling 5,600 shares during the period. Mackenzie Financial Corp owned approximately 0.65% of The RMR Group worth $5,011,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of The RMR Group by 1.7% in the second quarter. Vanguard Group Inc. now owns 581,943 shares of the financial services provider’s stock worth $28,312,000 after acquiring an additional 9,629 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of The RMR Group by 17.4% in the third quarter. Dimensional Fund Advisors LP now owns 200,400 shares of the financial services provider’s stock worth $10,291,000 after acquiring an additional 29,686 shares in the last quarter. Northern Trust Corp lifted its stake in shares of The RMR Group by 3.0% in the second quarter. Northern Trust Corp now owns 109,238 shares of the financial services provider’s stock worth $5,315,000 after acquiring an additional 3,138 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of The RMR Group by 19.2% in the first quarter. Geode Capital Management LLC now owns 97,314 shares of the financial services provider’s stock worth $4,816,000 after acquiring an additional 15,686 shares in the last quarter. Finally, Seizert Capital Partners LLC lifted its stake in shares of The RMR Group by 13.4% in the third quarter. Seizert Capital Partners LLC now owns 96,342 shares of the financial services provider’s stock worth $4,947,000 after acquiring an additional 11,417 shares in the last quarter. 34.52% of the stock is owned by institutional investors.
Several research analysts recently commented on the company. Zacks Investment Research upgraded The RMR Group from a “hold” rating to a “strong-buy” rating and set a $61.00 price target on the stock in a research note on Wednesday, October 4th. Canaccord Genuity set a $68.00 price target on The RMR Group and gave the stock a “buy” rating in a research note on Tuesday, August 15th. BidaskClub upgraded The RMR Group from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. B. Riley reiterated a “neutral” rating on shares of The RMR Group in a research note on Wednesday, November 1st. Finally, FBR & Co reiterated a “neutral” rating and issued a $51.00 price target (up previously from $50.00) on shares of The RMR Group in a research note on Monday, October 2nd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $62.00.
The RMR Group Inc. (NASDAQ RMR) opened at $59.60 on Friday. The RMR Group Inc. has a one year low of $38.55 and a one year high of $60.71. The company has a market capitalization of $873.22, a PE ratio of 32.50 and a beta of -0.71.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, October 23rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Friday, October 20th. The RMR Group’s payout ratio is currently 35.97%.
The 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.