RMR Group Inc (NASDAQ:RMR) – Equities research analysts at B. Riley decreased their FY2020 earnings estimates for shares of RMR Group in a research note issued on Tuesday, January 29th, Zacks Investment Research reports. B. Riley analyst B. Maher now expects that the financial services provider will earn $2.40 per share for the year, down from their prior estimate of $2.51. B. Riley has a “Buy” rating and a $89.00 price target on the stock.
A number of other brokerages also recently issued reports on RMR. Zacks Investment Research upgraded RMR Group from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research report on Thursday, December 6th. BidaskClub raised shares of RMR Group from a “sell” rating to a “hold” rating in a research report on Wednesday. TheStreet upgraded shares of RMR Group from a “c+” rating to a “b” rating in a research note on Friday, January 25th. Finally, ValuEngine cut shares of RMR Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $81.50.
Shares of RMR stock traded up $1.05 during trading on Thursday, hitting $76.42. The company’s stock had a trading volume of 45,657 shares, compared to its average volume of 33,186. The firm has a market cap of $2.39 billion, a PE ratio of 32.80 and a beta of 1.31. RMR Group has a 52 week low of $51.80 and a 52 week high of $98.00.
RMR Group (NASDAQ:RMR) last posted its quarterly earnings data on Thursday, February 7th. The financial services provider reported $3.22 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $3.22. The business had revenue of $280.31 million during the quarter, compared to the consensus estimate of $181.62 million. RMR Group had a return on equity of 17.44% and a net margin of 16.52%.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 21st. Stockholders of record on Monday, January 28th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, January 25th. This is an increase from RMR Group’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.83%. RMR Group’s dividend payout ratio (DPR) is currently 60.09%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in RMR. Legal & General Group Plc raised its stake in RMR Group by 5.1% during the fourth quarter. Legal & General Group Plc now owns 3,483 shares of the financial services provider’s stock worth $185,000 after purchasing an additional 168 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in shares of RMR Group by 377.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,584 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 2,043 shares during the period. Paloma Partners Management Co purchased a new stake in shares of RMR Group in the 4th quarter valued at approximately $224,000. D. E. Shaw & Co. Inc. purchased a new stake in shares of RMR Group in the 4th quarter valued at approximately $376,000. Finally, Two Sigma Investments LP raised its stake in shares of RMR Group by 116.1% in the 4th quarter. Two Sigma Investments LP now owns 6,458 shares of the financial services provider’s stock valued at $343,000 after acquiring an additional 3,469 shares during the period. Hedge funds and other institutional investors own 18.29% 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 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.