Wall Street brokerages predict that RMR Group Inc (NASDAQ:RMR) will report sales of $133.10 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for RMR Group’s earnings. The lowest sales estimate is $132.20 million and the highest is $134.00 million. RMR Group posted sales of $62.08 million in the same quarter last year, which suggests a positive year-over-year growth rate of 114.4%. The business is scheduled to issue its next earnings results on Wednesday, August 14th.
On average, analysts expect that RMR Group will report full-year sales of $676.27 million for the current year, with estimates ranging from $673.90 million to $678.64 million. For the next fiscal year, analysts expect that the business will post sales of $535.41 million, with estimates ranging from $529.60 million to $541.21 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow RMR Group.
RMR Group (NASDAQ:RMR) last issued its quarterly earnings results on Friday, May 10th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.04). The firm had revenue of $130.10 million for the quarter, compared to the consensus estimate of $141.12 million. RMR Group had a net margin of 14.31% and a return on equity of 16.42%.
RMR has been the subject of a number of research reports. TheStreet raised RMR Group from a “c+” rating to a “b” rating in a research note on Friday, January 25th. B. Riley set a $89.00 price target on RMR Group and gave the company a “buy” rating in a research note on Tuesday, January 29th. Zacks Investment Research raised RMR Group from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research note on Thursday, March 21st. ValuEngine lowered RMR Group from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Finally, BidaskClub raised RMR Group from a “sell” rating to a “hold” rating in a research note on Wednesday, February 20th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. RMR Group has an average rating of “Hold” and a consensus target price of $76.00.
NASDAQ RMR traded down $0.28 on Friday, reaching $51.19. 61,471 shares of the stock traded hands, compared to its average volume of 54,363. The firm has a market cap of $1.59 billion, a P/E ratio of 21.97 and a beta of 1.17. RMR Group has a 12 month low of $48.46 and a 12 month high of $98.00.
The company also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, April 29th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Friday, April 26th. RMR Group’s payout ratio is currently 60.09%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of RMR Group by 1.1% during the 3rd quarter. BlackRock Inc. now owns 483,053 shares of the financial services provider’s stock worth $44,826,000 after acquiring an additional 5,124 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of RMR Group by 11.5% during the 3rd quarter. Vanguard Group Inc now owns 1,014,631 shares of the financial services provider’s stock worth $94,157,000 after acquiring an additional 104,256 shares in the last quarter. LPL Financial LLC bought a new stake in shares of RMR Group during the 3rd quarter worth $244,000. Bank of New York Mellon Corp boosted its stake in shares of RMR Group by 8.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 62,019 shares of the financial services provider’s stock worth $5,756,000 after acquiring an additional 4,958 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in shares of RMR Group by 116.1% during the 4th quarter. Two Sigma Investments LP now owns 6,458 shares of the financial services provider’s stock worth $343,000 after acquiring an additional 3,469 shares in the last quarter. 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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