RMR Group Inc (NASDAQ:RMR) – Equities researchers at B. Riley raised their Q1 2019 EPS estimates for shares of RMR Group in a research report issued to clients and investors on Tuesday, December 4th. B. Riley analyst B. Maher now anticipates that the financial services provider will post earnings of $0.62 per share for the quarter, up from their previous estimate of $0.58. B. Riley currently has a “Buy” rating and a $82.00 target price on the stock. B. Riley also issued estimates for RMR Group’s Q3 2019 earnings at $0.62 EPS.
RMR has been the topic of several other research reports. Zacks Investment Research raised RMR Group from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a report on Thursday. ValuEngine upgraded RMR Group from a “hold” rating to a “buy” rating in a research report on Thursday. BidaskClub upgraded RMR Group from a “hold” rating to a “buy” rating in a research report on Friday, August 24th. Finally, TheStreet cut RMR Group from a “b-” rating to a “c+” rating in a research note on Friday, November 30th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $79.50.
Shares of NASDAQ RMR opened at $64.73 on Thursday. The stock has a market cap of $1.98 billion, a PE ratio of 27.78 and a beta of 0.61. RMR Group has a 52 week low of $52.81 and a 52 week high of $98.00.
RMR Group (NASDAQ:RMR) last posted its quarterly earnings results on Monday, December 3rd. The financial services provider reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.06. RMR Group had a return on equity of 8.70% and a net margin of 23.72%. The company had revenue of $65.07 million during the quarter, compared to the consensus estimate of $62.32 million.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Monday, October 29th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend was Friday, October 26th. This is a positive change from RMR Group’s previous quarterly dividend of $0.25. RMR Group’s dividend payout ratio is presently 60.09%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Reilly Financial Advisors LLC acquired a new position in shares of RMR Group in the third quarter valued at approximately $113,000. Principal Financial Group Inc. bought a new stake in RMR Group during the first quarter worth $219,000. Welch & Forbes LLC bought a new stake in RMR Group during the third quarter worth $220,000. Eqis Capital Management Inc. bought a new position in shares of RMR Group in the 2nd quarter valued at $225,000. Finally, Raymond James & Associates bought a new position in shares of RMR Group in the 2nd quarter valued at $238,000. Institutional investors and hedge funds own 18.85% of the company’s stock.
RMR Group Company Profile
The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides business and property management services in the United States. It provides management services to its four publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2017, the company had approximately 1,400 properties under management, which are primarily owned by its Managed Equity REITs.
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