RMR Group (RMR) Releases Earnings Results, Beats Estimates By $0.06 EPS

RMR Group (NASDAQ:RMR) released its quarterly earnings data on Monday. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.06, Morningstar.com reports. RMR Group had a net margin of 23.43% and a return on equity of 9.97%.

Shares of RMR Group stock opened at $68.39 on Tuesday. RMR Group has a 1 year low of $52.81 and a 1 year high of $98.00. The firm has a market cap of $2.02 billion, a P/E ratio of 18.04 and a beta of 0.63.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Monday, October 29th were issued a $0.35 dividend. The ex-dividend date was Friday, October 26th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.05%. This is a boost from RMR Group’s previous quarterly dividend of $0.25. RMR Group’s dividend payout ratio (DPR) is currently 36.94%.

Several equities research analysts have weighed in on RMR shares. BidaskClub downgraded shares of RMR Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 5th. ValuEngine cut shares of RMR Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 20th. Zacks Investment Research raised shares of RMR Group from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a report on Wednesday, September 19th. Finally, TheStreet cut shares of RMR Group from a “b-” rating to a “c+” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $91.50.

Institutional investors have recently modified their holdings of the stock. Reilly Financial Advisors LLC purchased a new position in shares of RMR Group during the third quarter worth $113,000. Welch & Forbes LLC purchased a new position in shares of RMR Group during the third quarter worth $220,000. LPL Financial LLC purchased a new position in RMR Group in the third quarter valued at $244,000. Eqis Capital Management Inc. purchased a new position in RMR Group in the second quarter valued at $225,000. Finally, Raymond James & Associates purchased a new position in RMR Group in the second quarter valued at $238,000. 18.85% of the stock is owned by hedge funds and other institutional investors.

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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 four publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2017, the company had approximately 1,400 properties under management, which are primarily owned by its Managed Equity REITs.

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Earnings History for RMR Group (NASDAQ:RMR)

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