HighVista Strategies LLC acquired a new stake in shares of RMR Group Inc (NYSE:RMR) during the third quarter, Holdings Channel reports. The institutional investor acquired 35,236 shares of the company’s stock, valued at approximately $1,337,000. HighVista Strategies LLC owned approximately 0.22% of RMR Group as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Acrospire Investment Management LLC boosted its stake in shares of RMR Group by 189.5% in the third quarter. Acrospire Investment Management LLC now owns 3,129 shares of the company’s stock valued at $119,000 after buying an additional 2,048 shares during the last quarter. Sei Investments Co. boosted its stake in shares of RMR Group by 111.6% in the third quarter. Sei Investments Co. now owns 4,223 shares of the company’s stock valued at $161,000 after buying an additional 2,227 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of RMR Group by 501.0% in the third quarter. Great West Life Assurance Co. Can now owns 4,634 shares of the company’s stock valued at $176,000 after buying an additional 3,863 shares during the last quarter. Prudential Financial Inc. bought a new stake in shares of RMR Group during the third quarter valued at about $509,000. Finally, Strs Ohio boosted its stake in shares of RMR Group by 53.1% in the third quarter. Strs Ohio now owns 14,239 shares of the company’s stock valued at $540,000 after buying an additional 4,939 shares during the last quarter.
RMR Group Inc (NYSE:RMR) opened at 47.55 on Friday. The firm has a 50 day moving average price of $43.36 and a 200 day moving average price of $39.43. The stock has a market capitalization of $764.70 million and a P/E ratio of 20.43. RMR Group Inc has a 52 week low of $20.31 and a 52 week high of $49.45.
RMR Group (NYSE:RMR) last released its earnings results on Thursday, February 9th. The company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.20. The business had revenue of $105.30 million for the quarter, compared to analyst estimates of $90.45 million. Equities research analysts predict that RMR Group Inc will post $2.46 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 21st. Stockholders of record on Monday, January 23rd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Thursday, January 19th.
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RMR has been the subject of a number of research analyst reports. William Blair initiated coverage on RMR Group in a research report on Tuesday, January 17th. They issued an “outperform” rating on the stock. JMP Securities initiated coverage on RMR Group in a research report on Wednesday, October 19th. They issued a “market perform” rating on the stock. FBR & Co reaffirmed a “market perform” rating and issued a $43.00 price target (up previously from $39.00) on shares of RMR Group in a research report on Wednesday, December 21st. Finally, Zacks Investment Research raised RMR Group from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Tuesday, December 20th.
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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