B. Riley Analysts Reduce Earnings Estimates for RMR Group Inc (NASDAQ:RMR)

RMR Group Inc (NASDAQ:RMR) – Stock analysts at B. Riley reduced their FY2019 earnings per share (EPS) estimates for RMR Group in a report issued on Monday, August 12th. B. Riley analyst B. Maher now expects that the financial services provider will earn $4.85 per share for the year, down from their previous forecast of $4.87. B. Riley currently has a “Buy” rating and a $70.00 target price on the stock. B. Riley also issued estimates for RMR Group’s Q1 2020 earnings at $0.58 EPS, Q2 2020 earnings at $0.58 EPS, FY2020 earnings at $2.34 EPS and FY2021 earnings at $2.41 EPS.

Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research cut RMR Group from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. ValuEngine cut RMR Group from a “hold” rating to a “sell” rating in a research note on Friday, July 26th. CIBC upgraded RMR Group from a “market perform” rating to an “outperform” rating and set a $54.00 target price for the company in a research note on Monday, July 1st. Oppenheimer upgraded RMR Group from a “market perform” rating to an “outperform” rating and set a $54.00 target price for the company in a research note on Monday, July 1st. Finally, S&P Equity Research upgraded RMR Group from a “market perform” rating to an “outperform” rating and set a $54.00 target price for the company in a research note on Monday, July 1st. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $57.40.

RMR stock opened at $43.76 on Wednesday. The business has a 50 day moving average price of $48.08 and a 200 day moving average price of $56.85. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 18.78 and a beta of 1.19. RMR Group has a fifty-two week low of $41.69 and a fifty-two week high of $98.00.

RMR Group (NASDAQ:RMR) last posted its earnings results on Friday, August 9th. The financial services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). The business had revenue of $143.72 million for the quarter, compared to analysts’ expectations of $133.10 million. RMR Group had a return on equity of 15.72% and a net margin of 12.02%.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, July 29th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Friday, July 26th. RMR Group’s dividend payout ratio (DPR) is 60.09%.

In other RMR Group news, major shareholder Housing Properties Trus Senior sold 2,637,408 shares of RMR Group stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $40.00, for a total transaction of $105,496,320.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 55.10% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE increased its holdings in shares of RMR Group by 333.5% in the second quarter. US Bancorp DE now owns 698 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 537 shares during the period. Bank of Montreal Can increased its holdings in shares of RMR Group by 104.3% in the first quarter. Bank of Montreal Can now owns 672 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 343 shares during the period. Royal London Asset Management Ltd. acquired a new position in shares of RMR Group in the first quarter valued at approximately $54,000. Tower Research Capital LLC TRC increased its holdings in shares of RMR Group by 1,161.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,056 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 1,893 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of RMR Group by 255.8% in the first quarter. BNP Paribas Arbitrage SA now owns 1,836 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 1,320 shares during the period. 17.87% of the stock is currently owned by institutional investors.

About RMR Group

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.

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

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