Analysts Issue Forecasts for RMR Group Inc’s Q1 2019 Earnings (RMR)
RMR Group Inc (NASDAQ:RMR) – Investment analysts at B. Riley raised their Q1 2019 earnings per share estimates for shares of RMR Group in a research note issued to investors on Tuesday, December 4th. B. Riley analyst B. Maher now forecasts that the financial services provider will post earnings of $0.62 per share for the quarter, up from their previous forecast of $0.58. B. Riley currently has a “Buy” rating and a $82.00 target price on the stock. B. Riley also issued estimates for RMR Group’s Q3 2019 earnings at $0.62 EPS.
A number of other equities analysts have also recently commented on RMR. Zacks Investment Research cut shares of RMR Group from a “buy” rating to a “hold” rating in a research note on Friday, September 28th. BidaskClub lowered shares of RMR Group from a “hold” rating to a “sell” rating in a report on Tuesday, November 20th. TheStreet lowered shares of RMR Group from a “b-” rating to a “c+” rating in a research note on Friday, November 30th. Finally, ValuEngine lowered shares of RMR Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. RMR Group has a consensus rating of “Hold” and an average target price of $79.50.
RMR Group (NASDAQ:RMR) last announced its quarterly earnings data on Monday, December 3rd. The financial services provider reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.06. The firm had revenue of $65.07 million for the quarter, compared to the consensus estimate of $62.32 million. RMR Group had a net margin of 23.72% and a return on equity of 8.70%.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Monday, October 29th were given a dividend of $0.35 per share. The ex-dividend date was Friday, October 26th. This is a boost from RMR Group’s previous quarterly dividend of $0.25. This represents a $1.40 dividend on an annualized basis and a yield of 2.16%. RMR Group’s dividend payout ratio is currently 60.09%.
Several hedge funds and other institutional investors have recently modified their holdings of RMR. Reilly Financial Advisors LLC purchased a new position in RMR Group during the third quarter worth about $113,000. Welch & Forbes LLC purchased a new position in shares of RMR Group in the third quarter valued at approximately $220,000. LPL Financial LLC purchased a new position in shares of RMR Group in the third quarter valued at approximately $244,000. Eqis Capital Management Inc. purchased a new position in shares of RMR Group in the second quarter valued at approximately $225,000. Finally, Raymond James & Associates acquired a new stake in RMR Group in the second quarter valued at approximately $238,000. Institutional investors and hedge funds own 18.85% of the company’s stock.
About RMR Group
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 four publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2017, the company had approximately 1,400 properties under management, which are primarily owned by its Managed Equity REITs.
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