RMR Group Inc (RMR) Forecasted to Earn Q2 2019 Earnings of $0.50 Per Share

RMR Group Inc (NASDAQ:RMR) – Equities researchers at William Blair issued their Q2 2019 earnings per share (EPS) estimates for shares of RMR Group in a note issued to investors on Thursday. William Blair analyst B. Dobell forecasts that the financial services provider will post earnings of $0.50 per share for the quarter. William Blair also issued estimates for RMR Group’s Q3 2019 earnings at $0.52 EPS and Q4 2019 earnings at $0.45 EPS.

A number of other equities analysts have also weighed in on RMR. B. Riley reiterated a “neutral” rating on shares of RMR Group in a research report on Wednesday, November 1st. BidaskClub lowered shares of RMR Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. TheStreet upgraded shares of RMR Group from a “c” rating to a “b-” rating in a research report on Tuesday, December 12th. Oppenheimer reiterated a “hold” rating on shares of RMR Group in a research report on Tuesday, December 12th. Finally, Zacks Investment Research lowered shares of RMR Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $60.25.

RMR Group (NASDAQ:RMR) traded down $1.05 on Friday, reaching $60.85. 13,740 shares of the company traded hands, compared to its average volume of 36,837. The company has a market capitalization of $938.66, a price-to-earnings ratio of 23.14 and a beta of -0.71. RMR Group has a one year low of $38.55 and a one year high of $62.25.

Hedge funds have recently bought and sold shares of the business. Marshall Wace North America L.P. bought a new position in shares of RMR Group in the second quarter worth approximately $1,774,000. FMR LLC boosted its holdings in RMR Group by 114.5% in the second quarter. FMR LLC now owns 62,043 shares of the financial services provider’s stock valued at $3,018,000 after acquiring an additional 33,115 shares in the last quarter. Seizert Capital Partners LLC boosted its holdings in RMR Group by 62.9% in the second quarter. Seizert Capital Partners LLC now owns 84,925 shares of the financial services provider’s stock valued at $4,132,000 after acquiring an additional 32,792 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in RMR Group by 26.7% in the first quarter. Dimensional Fund Advisors LP now owns 142,451 shares of the financial services provider’s stock valued at $7,051,000 after acquiring an additional 29,980 shares in the last quarter. Finally, Cadence Capital Management LLC bought a new stake in RMR Group in the second quarter valued at $1,129,000. 34.52% of the stock is currently owned by hedge funds and other institutional investors.

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About 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 RMR Group (NASDAQ:RMR)

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