RMR Group Inc (NASDAQ:RMR) – Research analysts at B. Riley decreased their Q3 2019 earnings per share (EPS) estimates for RMR Group in a report issued on Monday, May 13th. B. Riley analyst B. Maher now forecasts that the financial services provider will post earnings of $0.55 per share for the quarter, down from their prior estimate of $0.58. B. Riley has a “Buy” rating and a $80.00 price objective on the stock. B. Riley also issued estimates for RMR Group’s Q4 2019 earnings at $0.58 EPS, FY2019 earnings at $4.87 EPS, Q1 2020 earnings at $0.55 EPS, Q2 2020 earnings at $0.53 EPS, Q3 2020 earnings at $0.58 EPS, Q4 2020 earnings at $0.61 EPS and FY2020 earnings at $2.27 EPS.

RMR Group (NASDAQ:RMR) last released its quarterly earnings results on Friday, May 10th. The financial services provider reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.04). RMR Group had a return on equity of 16.42% and a net margin of 14.31%. The company had revenue of $130.10 million during the quarter, compared to analyst estimates of $141.12 million.

RMR has been the subject of a number of other reports. Zacks Investment Research raised RMR Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. BidaskClub cut RMR Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Finally, ValuEngine cut RMR Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $76.00.

NASDAQ RMR opened at $51.60 on Wednesday. RMR Group has a fifty-two week low of $48.46 and a fifty-two week high of $98.00. The firm has a market capitalization of $1.59 billion, a PE ratio of 22.15 and a beta of 1.17.

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 29th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, April 26th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.71%. RMR Group’s dividend payout ratio (DPR) is 60.09%.

Several large investors have recently made changes to their positions in the company. Legal & General Group Plc grew its position in shares of RMR Group by 5.1% in the fourth quarter. Legal & General Group Plc now owns 3,483 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 168 shares during the period. Victory Capital Management Inc. grew its position in shares of RMR Group by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 5,498 shares of the financial services provider’s stock valued at $292,000 after purchasing an additional 215 shares during the period. Swiss National Bank grew its position in shares of RMR Group by 2.8% in the first quarter. Swiss National Bank now owns 11,092 shares of the financial services provider’s stock valued at $676,000 after purchasing an additional 300 shares during the period. Bank of Montreal Can grew its position in shares of RMR Group by 104.3% in the first quarter. Bank of Montreal Can now owns 672 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 343 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. grew its position in shares of RMR Group by 4.6% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 11,481 shares of the financial services provider’s stock valued at $700,000 after purchasing an additional 500 shares during the period. 19.04% of the stock is owned by institutional investors and hedge funds.

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 five publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2018, the company had approximately 1,700 properties under management, which are primarily owned by its Managed Equity REITs.

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Earnings History and Estimates for RMR Group (NASDAQ:RMR)

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