Analysts Issue Forecasts for RMR Group Inc’s FY2017 Earnings (NYSE:RMR)
RMR Group Inc (NYSE:RMR) – William Blair reduced their FY2017 earnings estimates for shares of RMR Group in a research report issued to clients and investors on Wednesday. William Blair analyst B. Dobell now forecasts that the financial services provider will post earnings per share of $1.85 for the year, down from their previous forecast of $1.86. William Blair also issued estimates for RMR Group’s Q4 2018 earnings at $0.59 EPS and FY2018 earnings at $1.96 EPS.
RMR Group (NYSE:RMR) last released its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by $0.02. The firm had revenue of $55.50 million for the quarter, compared to the consensus estimate of $54.65 million. RMR Group had a net margin of 32.69% and a return on equity of 19.25%.
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RMR has been the subject of several other reports. Canaccord Genuity began coverage on RMR Group in a report on Wednesday, May 31st. They set a “buy” rating and a $72.00 price target for the company. Oppenheimer Holdings, Inc. began coverage on RMR Group in a report on Tuesday, April 18th. They set a “market perform” rating for the company. Zacks Investment Research cut RMR Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. Finally, FBR & Co reissued a “mkt perform” rating and set a $48.00 price target (up from $44.00) on shares of RMR Group in a report on Friday, May 12th. One research analyst has rated the stock with a sell rating, two have issued 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 $59.33.
Shares of RMR Group (NYSE:RMR) opened at 45.25 on Monday. The stock’s 50 day moving average price is $49.06 and its 200-day moving average price is $49.87. The company has a market capitalization of $728.25 million and a PE ratio of 16.35. RMR Group has a 52-week low of $33.90 and a 52-week high of $55.10.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, July 24th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $1.00 annualized dividend and a yield of 2.21%.
Hedge funds have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System purchased a new stake in RMR Group during the first quarter valued at $208,000. American International Group Inc. boosted its stake in RMR Group by 7.1% in the first quarter. American International Group Inc. now owns 4,261 shares of the financial services provider’s stock valued at $211,000 after buying an additional 281 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in RMR Group during the second quarter valued at $211,000. Wedbush Securities Inc. purchased a new stake in RMR Group during the first quarter valued at $216,000. Finally, Trexquant Investment LP purchased a new stake in RMR Group during the second quarter valued at $219,000.
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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