RMR Group Inc (NASDAQ:RMR) – Investment analysts at B. Riley upped their Q1 2019 earnings per share (EPS) estimates for shares of RMR Group in a note issued to investors on Tuesday, December 4th. B. Riley analyst B. Maher now expects that the financial services provider will earn $0.62 per share for the quarter, up from their prior estimate 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.

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

RMR has been the subject of a number of other reports. Zacks Investment Research raised shares of RMR Group from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research note on Wednesday, September 19th. BidaskClub cut shares of RMR Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 13th. TheStreet cut shares of RMR Group from a “b-” rating to a “c+” rating in a research note on Friday, November 30th. Finally, ValuEngine cut shares of RMR Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. RMR Group presently has a consensus rating of “Hold” and an average target price of $91.50.

Shares of RMR stock opened at $63.52 on Thursday. RMR Group has a 12 month low of $52.81 and a 12 month high of $98.00. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 27.26 and a beta of 0.61.

The firm 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 represents a $1.40 annualized dividend and a yield of 2.20%. This is a positive change from RMR Group’s previous quarterly dividend of $0.25. RMR Group’s dividend payout ratio (DPR) is 60.09%.

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in RMR Group by 11.5% during the third quarter. Vanguard Group Inc. now owns 1,014,631 shares of the financial services provider’s stock valued at $94,157,000 after purchasing an additional 104,256 shares during the last quarter. Morgan Stanley lifted its holdings in shares of RMR Group by 89.3% in the 3rd quarter. Morgan Stanley now owns 48,605 shares of the financial services provider’s stock worth $4,511,000 after acquiring an additional 22,924 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of RMR Group by 31.7% in the 3rd quarter. AQR Capital Management LLC now owns 25,636 shares of the financial services provider’s stock worth $2,379,000 after acquiring an additional 6,167 shares during the last quarter. IndexIQ Advisors LLC lifted its holdings in shares of RMR Group by 3.9% in the 3rd quarter. IndexIQ Advisors LLC now owns 32,498 shares of the financial services provider’s stock worth $3,016,000 after acquiring an additional 1,226 shares during the last quarter. Finally, MetLife Investment Advisors LLC lifted its holdings in shares of RMR Group by 58.7% in the 3rd quarter. MetLife Investment Advisors LLC now owns 5,524 shares of the financial services provider’s stock worth $513,000 after acquiring an additional 2,043 shares during the last quarter. Institutional investors and hedge funds own 18.85% of the company’s stock.

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 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: Analyst Ratings

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

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