RMR Group Inc (NASDAQ:RMR) – Investment analysts at B. Riley raised their Q2 2018 earnings estimates for RMR Group in a research note issued on Friday. 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 $0.49. B. Riley has a “Hold” rating and a $61.00 price target 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 recently issued reports about the stock. Zacks Investment Research upgraded shares of RMR Group from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Wednesday, January 10th. TheStreet upgraded shares of RMR Group from a “c” rating to a “b-” rating in a report on Tuesday, December 12th. Oppenheimer restated a “hold” rating on shares of RMR Group in a report on Tuesday, December 12th. Finally, BidaskClub cut shares of RMR Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 4th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. RMR Group currently has a consensus rating of “Hold” and a consensus target price of $63.50.
RMR Group (NASDAQ:RMR) last announced its earnings results on Thursday, February 8th. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11. RMR Group had a net margin of 23.35% and a return on equity of 12.12%. The business had revenue of $218.54 million during the quarter, compared to the consensus estimate of $206.85 million.
A number of institutional investors have recently bought and sold shares of RMR. Opus Capital Group LLC bought a new stake in RMR Group during the 4th quarter worth approximately $3,559,000. FMR LLC boosted its stake in shares of RMR Group by 114.5% in the 2nd quarter. FMR LLC now owns 62,043 shares of the financial services provider’s stock valued at $3,018,000 after purchasing an additional 33,115 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in RMR Group by 17.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 200,400 shares of the financial services provider’s stock valued at $10,291,000 after buying an additional 29,686 shares during the period. Confluence Investment Management LLC purchased a new stake in RMR Group during the 4th quarter valued at $1,580,000. Finally, Chicago Equity Partners LLC purchased a new stake in RMR Group during the 3rd quarter valued at $924,000. 34.27% of the stock is currently owned by institutional investors and hedge funds.
The firm also recently declared 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 1.72%. The ex-dividend date is Friday, January 26th. RMR Group’s dividend payout ratio (DPR) is currently 17.99%.
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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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