RMR Group Inc (NASDAQ:RMR) – Investment analysts at B. Riley increased their Q2 2018 earnings estimates for shares of RMR Group in a note issued to investors on Friday. B. Riley analyst B. Maher now expects that the financial services provider will post earnings per share of $0.62 for the quarter, up from their previous forecast of $0.49. B. Riley currently has a “Hold” rating and a $61.00 target price on the stock. B. Riley also issued estimates for RMR Group’s Q3 2018 earnings at $0.62 EPS, Q2 2019 earnings at $0.63 EPS, Q3 2019 earnings at $0.64 EPS, Q1 2020 earnings at $0.72 EPS and FY2020 earnings at $2.77 EPS.
Other research analysts have also issued reports about the company. Zacks Investment Research raised RMR Group from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Wednesday, January 10th. TheStreet raised RMR Group from a “c” rating to a “b-” rating in a research report on Tuesday, December 12th. Oppenheimer reaffirmed a “hold” rating on shares of RMR Group in a research report on Tuesday, December 12th. Finally, BidaskClub lowered RMR Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 4th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. RMR Group has an average rating of “Hold” and a consensus price target of $63.50.
RMR Group (RMR) opened at $59.85 on Monday. The stock has a market capitalization of $882.45, a price-to-earnings ratio of 30.47 and a beta of -0.51. RMR Group has a 12-month low of $42.35 and a 12-month high of $67.90.
RMR Group (NASDAQ:RMR) last announced its earnings results on Thursday, February 8th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.11. The business had revenue of $218.54 million during the quarter, compared to analyst estimates of $206.85 million. RMR Group had a return on equity of 10.86% and a net margin of 23.35%.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Monday, January 29th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, January 26th. RMR Group’s dividend payout ratio (DPR) is presently 17.99%.
Several hedge funds have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its position in shares of RMR Group by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 27,854 shares of the financial services provider’s stock worth $1,356,000 after acquiring an additional 152 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of RMR Group by 8.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,194 shares of the financial services provider’s stock worth $301,000 after acquiring an additional 506 shares in the last quarter. Mckinley Capital Management LLC Delaware raised its position in shares of RMR Group by 1.5% in the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 69,006 shares of the financial services provider’s stock worth $3,543,000 after acquiring an additional 1,052 shares in the last quarter. Dupont Capital Management Corp raised its position in shares of RMR Group by 24.3% in the 4th quarter. Dupont Capital Management Corp now owns 7,090 shares of the financial services provider’s stock worth $420,000 after acquiring an additional 1,384 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in shares of RMR Group by 4.0% in the 2nd quarter. Teachers Advisors LLC now owns 39,402 shares of the financial services provider’s stock worth $1,917,000 after acquiring an additional 1,515 shares in the last quarter. 34.71% of the stock is owned by hedge funds and other institutional investors.
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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