FY2018 EPS Estimates for RMR Group Inc Lifted by Analyst (RMR)
RMR Group Inc (NYSE:RMR) – Equities research analysts at FBR & Co increased their FY2018 earnings per share (EPS) estimates for RMR Group in a research note issued on Friday. FBR & Co analyst Maher. B now forecasts that the financial services provider will post earnings of $1.94 per share for the year, up from their previous estimate of $1.89. FBR & Co has a “Neutral” rating and a $51.00 price objective on the stock. FBR & Co also issued estimates for RMR Group’s FY2019 earnings at $1.98 EPS.
RMR has been the topic of several other reports. Zacks Investment Research upgraded shares of RMR Group from a “hold” rating to a “strong-buy” rating and set a $61.00 target price on the stock in a research note on Wednesday. BidaskClub lowered shares of RMR Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, Canaccord Genuity set a $68.00 price target on shares of RMR Group and gave the company a “buy” rating in a research report on Tuesday, August 15th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $60.00.
RMR Group (NYSE:RMR) traded down 0.19% during mid-day trading on Monday, reaching $51.70. The company had a trading volume of 9,982 shares. The stock has a 50 day moving average price of $49.79 and a 200-day moving average price of $49.93. The stock has a market capitalization of $832.06 million and a P/E ratio of 18.68. RMR Group has a 12-month low of $33.90 and a 12-month high of $55.10.
RMR Group (NYSE:RMR) last posted its quarterly earnings results on Wednesday, August 9th. The financial services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). RMR Group had a return on equity of 18.72% and a net margin of 31.72%. The business had revenue of $55.50 million for the quarter, compared to analyst estimates of $54.65 million.
Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of RMR Group by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 581,943 shares of the financial services provider’s stock valued at $28,312,000 after acquiring an additional 9,629 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of RMR Group by 19.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 170,714 shares of the financial services provider’s stock valued at $8,306,000 after acquiring an additional 28,263 shares during the last quarter. Engine Capital Management LLC grew its holdings in shares of RMR Group by 977.4% during the first quarter. Engine Capital Management LLC now owns 113,569 shares of the financial services provider’s stock worth $5,622,000 after purchasing an additional 103,028 shares in the last quarter. Northern Trust Corp grew its holdings in shares of RMR Group by 3.0% during the second quarter. Northern Trust Corp now owns 109,238 shares of the financial services provider’s stock worth $5,315,000 after purchasing an additional 3,138 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of 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 purchasing an additional 15,686 shares in the last quarter.
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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