RMR Group Inc (NASDAQ:RMR) – Equities research analysts at Oppenheimer dropped their Q1 2019 EPS estimates for shares of RMR Group in a report issued on Monday, December 3rd. Oppenheimer analyst C. Kotowski now forecasts that the financial services provider will post earnings per share of $1.25 for the quarter, down from their prior forecast of $2.61. Oppenheimer also issued estimates for RMR Group’s Q2 2019 earnings at $0.51 EPS, FY2019 earnings at $2.85 EPS, Q1 2020 earnings at $0.60 EPS and FY2020 earnings at $2.33 EPS.

RMR Group (NASDAQ:RMR) last released its quarterly earnings results on Monday, December 3rd. The financial services provider reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.06. The company had revenue of $65.07 million for the quarter, compared to analysts’ expectations of $62.32 million. RMR Group had a return on equity of 8.70% and a net margin of 23.72%.

Other equities research analysts have also recently issued research reports about the company. BidaskClub cut RMR Group from a “strong-buy” rating to a “buy” rating in a report on Friday, October 5th. Zacks Investment Research raised RMR Group from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a report on Wednesday, September 19th. B. Riley raised RMR Group from a “neutral” rating to a “buy” rating and cut their price target for the company from $89.00 to $82.00 in a report on Tuesday. ValuEngine raised RMR Group from a “hold” rating to a “buy” rating in a report on Thursday. Finally, TheStreet cut RMR Group from a “b-” rating to a “c+” rating in a report on Friday, November 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $79.50.

RMR opened at $62.15 on Thursday. The company has a market cap of $1.98 billion, a PE ratio of 26.67 and a beta of 0.61. RMR Group has a twelve month low of $52.81 and a twelve month high of $98.00.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Monday, October 29th were issued a dividend of $0.35 per share. This is a boost from RMR Group’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, October 26th. This represents a $1.40 annualized dividend and a yield of 2.25%. RMR Group’s payout ratio is presently 60.09%.

Large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. increased its holdings in shares of RMR Group by 15.9% in the second quarter. Victory Capital Management Inc. now owns 4,976 shares of the financial services provider’s stock valued at $390,000 after buying an additional 681 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of RMR Group by 11.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 7,276 shares of the financial services provider’s stock valued at $571,000 after buying an additional 720 shares in the last quarter. Bowling Portfolio Management LLC increased its holdings in shares of RMR Group by 4.1% in the second quarter. Bowling Portfolio Management LLC now owns 23,282 shares of the financial services provider’s stock valued at $1,826,000 after buying an additional 918 shares in the last quarter. Stone Ridge Asset Management LLC increased its holdings in shares of RMR Group by 8.0% in the third quarter. Stone Ridge Asset Management LLC now owns 13,004 shares of the financial services provider’s stock valued at $1,207,000 after buying an additional 958 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of RMR Group by 2.3% in the third quarter. Alliancebernstein L.P. now owns 48,412 shares of the financial services provider’s stock valued at $4,493,000 after buying an additional 1,100 shares in the last quarter. 18.85% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: Bull Market

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

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