B. Riley Comments on The RMR Group Inc.’s Q1 2019 Earnings (RMR)

The RMR Group Inc. (NASDAQ:RMR) – B. Riley issued their Q1 2019 earnings per share estimates for shares of The RMR Group in a research report issued to clients and investors on Wednesday. B. Riley analyst B. Maher forecasts that the financial services provider will post earnings per share of $0.50 for the quarter. B. Riley currently has a “Hold” rating and a $55.00 target price on the stock.

Several other equities analysts have also weighed in on RMR. BidaskClub lowered The RMR Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. FBR & Co reaffirmed a “neutral” rating and issued a $51.00 price target (up from $50.00) on shares of The RMR Group in a research report on Monday, October 2nd. Zacks Investment Research raised The RMR Group from a “hold” rating to a “strong-buy” rating and set a $61.00 price target on the stock in a research report on Wednesday, October 4th. Oppenheimer reaffirmed a “hold” rating on shares of The RMR Group in a research report on Tuesday. Finally, TheStreet raised The RMR Group from a “c” rating to a “b-” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The RMR Group has an average rating of “Hold” and an average target price of $60.25.

The RMR Group (NASDAQ RMR) traded up $1.25 during midday trading on Friday, reaching $60.15. The company’s stock had a trading volume of 105,782 shares, compared to its average volume of 40,026. The RMR Group has a one year low of $38.55 and a one year high of $61.25. The company has a market capitalization of $1,840.00 and a price-to-earnings ratio of 34.21.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, October 23rd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Friday, October 20th. The RMR Group’s dividend payout ratio (DPR) is presently 38.17%.

A number of hedge funds have recently added to or reduced their stakes in the stock. California Public Employees Retirement System grew its position in The RMR Group by 10.2% during the third quarter. California Public Employees Retirement System now owns 19,711 shares of the financial services provider’s stock worth $1,012,000 after buying an additional 1,818 shares in the last quarter. Dimensional Fund Advisors LP grew its position in The RMR Group by 17.4% during the third quarter. Dimensional Fund Advisors LP now owns 200,400 shares of the financial services provider’s stock worth $10,291,000 after buying an additional 29,686 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in The RMR Group by 5.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 29,246 shares of the financial services provider’s stock worth $1,502,000 after buying an additional 1,392 shares in the last quarter. Mckinley Capital Management LLC Delaware grew its position in The RMR Group by 1.5% during the third quarter. Mckinley Capital Management LLC Delaware now owns 69,006 shares of the financial services provider’s stock worth $3,543,000 after buying an additional 1,052 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in The RMR Group by 23.0% during the third quarter. Wells Fargo & Company MN now owns 41,599 shares of the financial services provider’s stock worth $2,137,000 after buying an additional 7,783 shares in the last quarter. 34.52% of the stock is currently owned by institutional investors and hedge funds.

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About The RMR Group

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.

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

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