Wall Street brokerages expect The RMR Group Inc. (NASDAQ:RMR) to report $56.92 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for The RMR Group’s earnings, with the lowest sales estimate coming in at $54.60 million and the highest estimate coming in at $60.63 million. The RMR Group posted sales of $56.27 million during the same quarter last year, which suggests a positive year over year growth rate of 1.2%. The business is expected to report its next quarterly earnings report on Thursday, December 21st.

On average, analysts expect that The RMR Group will report full-year sales of $56.92 million for the current year, with estimates ranging from $269.70 million to $275.73 million. For the next fiscal year, analysts expect that the firm will report sales of $349.87 million per share, with estimates ranging from $340.60 million to $359.13 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover The RMR Group.

RMR has been the topic of several analyst reports. Zacks Investment Research cut shares of The RMR Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. BidaskClub raised shares of The RMR Group from a “hold” rating to a “buy” rating in a report on Thursday, October 12th. FBR & Co reaffirmed a “neutral” rating and issued a $51.00 target price (up previously from $50.00) on shares of The RMR Group in a report on Monday, October 2nd. B. Riley reaffirmed a “neutral” rating on shares of The RMR Group in a report on Wednesday, November 1st. Finally, Canaccord Genuity set a $68.00 target price on shares of The RMR Group and gave the company a “buy” rating in a report on Tuesday, August 15th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $60.00.

A number of institutional investors have recently made changes to their positions in the business. American International Group Inc. grew its position in shares of The RMR Group by 7.1% during the first quarter. American International Group Inc. now owns 4,261 shares of the financial services provider’s stock worth $211,000 after acquiring an additional 281 shares during the last quarter. Teachers Advisors LLC grew its position in shares of The RMR Group by 17.7% during the first quarter. Teachers Advisors LLC now owns 37,887 shares of the financial services provider’s stock worth $1,875,000 after acquiring an additional 5,689 shares during the last quarter. Vanguard Group Inc. grew its position in shares of The RMR Group by 8.7% during the first quarter. Vanguard Group Inc. now owns 572,314 shares of the financial services provider’s stock worth $28,330,000 after acquiring an additional 45,603 shares during the last quarter. Geode Capital Management LLC grew its position in shares of The RMR Group by 19.2% during 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 during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of The RMR Group by 26.7% during the first quarter. Dimensional Fund Advisors LP now owns 142,451 shares of the financial services provider’s stock worth $7,051,000 after acquiring an additional 29,980 shares during the last quarter. Institutional investors own 34.50% of the company’s stock.

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Shares of The RMR Group (RMR) opened at $59.30 on Thursday. The stock has a market cap of $889.82, a PE ratio of 33.12 and a beta of -0.86. The RMR Group has a 1 year low of $38.55 and a 1 year high of $60.05.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, October 23rd were paid a $0.25 dividend. The ex-dividend date was Friday, October 20th. This represents a $1.00 annualized dividend and a yield of 1.69%. The RMR Group’s dividend 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.

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