Brokerages expect that The RMR Group Inc. (NASDAQ:RMR) will post sales of $56.91 million for the current quarter, Zacks reports. Three analysts have provided estimates for The RMR Group’s earnings, with estimates ranging from $54.60 million to $60.60 million. The RMR Group posted sales of $56.27 million during the same quarter last year, which suggests a positive year over year growth rate of 1.1%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, December 12th.

According to Zacks, analysts expect that The RMR Group will report full year sales of $56.91 million for the current financial year, with estimates ranging from $269.70 million to $275.70 million. For the next fiscal year, analysts anticipate that the firm will report sales of $351.40 million per share, with estimates ranging from $340.60 million to $362.20 million. Zacks’ sales calculations are an average based on a survey of research firms that cover The RMR Group.

Several equities analysts recently commented on the company. Zacks Investment Research cut The RMR Group from a “strong-buy” rating to a “hold” rating in a research report on Saturday. BidaskClub cut The RMR Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 6th. B. Riley restated a “neutral” rating on shares of The RMR Group in a research report on Wednesday, November 1st. FBR & Co reaffirmed a “neutral” rating and set a $51.00 price target (up previously from $50.00) on shares of The RMR Group in a research note on Monday, October 2nd. Finally, Canaccord Genuity set a $68.00 price target on The RMR Group and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $62.00.

A number of hedge funds have recently modified their holdings of RMR. Vanguard Group Inc. lifted its stake in shares of The RMR Group by 8.7% in the 1st quarter. Vanguard Group Inc. now owns 572,314 shares of the financial services provider’s stock valued at $28,330,000 after acquiring an additional 45,603 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in shares of The RMR Group in the 2nd quarter valued at about $1,774,000. FMR LLC lifted its stake in shares of The 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 acquiring an additional 33,115 shares during the last quarter. Seizert Capital Partners LLC lifted its stake in shares of The RMR Group by 62.9% in the 2nd quarter. Seizert Capital Partners LLC now owns 84,925 shares of the financial services provider’s stock valued at $4,132,000 after acquiring an additional 32,792 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of The RMR Group by 26.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 142,451 shares of the financial services provider’s stock valued at $7,051,000 after acquiring an additional 29,980 shares during the last quarter. 34.52% of the stock is owned by hedge funds and other institutional investors.

The RMR Group (NASDAQ RMR) opened at $59.60 on Monday. The RMR Group has a 52-week low of $38.55 and a 52-week high of $60.71. The company has a market capitalization of $899.63, a PE ratio of 33.48 and a beta of -0.71.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, October 23rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Friday, October 20th. The RMR Group’s dividend payout ratio (DPR) is currently 35.97%.

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

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