RMR Group Inc (NASDAQ:RMR) – Analysts at B. Riley raised their Q4 2018 earnings per share (EPS) estimates for shares of RMR Group in a research note issued on Tuesday. B. Riley analyst B. Maher now expects that the financial services provider will post earnings per share of $0.49 for the quarter, up from their previous forecast of $0.48. B. Riley currently has a “Hold” rating and a $61.00 target price on the stock.
RMR has been the subject of several other reports. Zacks Investment Research raised shares of RMR Group from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective for the company in a report on Wednesday, October 4th. BidaskClub raised shares of RMR Group from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Finally, FBR & Co reaffirmed a “neutral” rating and set a $51.00 price objective (up from $50.00) on shares of RMR Group in a report on Monday, October 2nd. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $63.50.
RMR Group (NASDAQ:RMR) last announced its quarterly earnings results on Tuesday, December 12th. The financial services provider reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.12. RMR Group had a net margin of 15.56% and a return on equity of 11.27%.
A number of institutional investors have recently modified their holdings of RMR. SG Americas Securities LLC bought a new stake in RMR Group in the 4th quarter valued at $131,000. Principal Financial Group Inc. bought a new stake in RMR Group in the 2nd quarter valued at $211,000. Voya Investment Management LLC bought a new stake in RMR Group in the 2nd quarter valued at $218,000. Aperio Group LLC bought a new stake in RMR Group in the 3rd quarter valued at $264,000. Finally, First Trust Advisors LP bought a new stake in RMR Group in the 3rd quarter valued at $292,000. 34.54% of the stock is owned by hedge funds and other institutional investors.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Monday, January 29th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Friday, January 26th. RMR Group’s dividend payout ratio (DPR) is presently 38.02%.
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RMR Group Company Profile
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.
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