Dupont Capital Management Corp purchased a new position in shares of RMR Group Inc (NYSE:RMR) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,706 shares of the financial services provider’s stock, valued at approximately $293,000.
Several other large investors have also modified their holdings of RMR. Vanguard Group Inc. grew its position in shares of RMR Group by 8.7% during the 1st quarter. Vanguard Group Inc. now owns 572,314 shares of the financial services provider’s stock worth $28,330,000 after buying an additional 45,603 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of RMR Group during the 2nd quarter worth approximately $1,774,000. FMR LLC grew its position in shares of RMR Group by 114.5% during the 2nd quarter. FMR LLC now owns 62,043 shares of the financial services provider’s stock worth $3,018,000 after buying an additional 33,115 shares during the period. Seizert Capital Partners LLC grew its position in shares of RMR Group by 62.9% during the 2nd quarter. Seizert Capital Partners LLC now owns 84,925 shares of the financial services provider’s stock worth $4,132,000 after buying an additional 32,792 shares during the period. Finally, Alliancebernstein L.P. grew its position in shares of RMR Group by 469.8% during the 1st quarter. Alliancebernstein L.P. now owns 39,260 shares of the financial services provider’s stock worth $1,943,000 after buying an additional 32,370 shares during the period.
RMR Group Inc (NYSE RMR) opened at $54.55 on Monday. RMR Group Inc has a one year low of $35.35 and a one year high of $55.10.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, October 23rd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.83%. The ex-dividend date is Friday, October 20th.
RMR has been the subject of several analyst reports. Canaccord Genuity set a $72.00 price target on shares of RMR Group and gave the stock a “buy” rating in a research report on Wednesday, August 9th. BidaskClub cut shares of RMR Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. FBR & Co reiterated a “neutral” rating and set a $51.00 price target (up previously from $50.00) on shares of RMR Group in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of RMR Group from a “hold” rating to a “strong-buy” rating and set a $61.00 price target for the company in a research report on Wednesday, October 4th. Finally, B. Riley reiterated a “neutral” rating on shares of RMR Group in a research report on Wednesday, November 1st. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. RMR Group has a consensus rating of “Hold” and a consensus price target of $60.00.
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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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