RMR Group Inc (NYSE:RMR) Scheduled to Post Quarterly Earnings on Wednesday
RMR Group Inc (NYSE:RMR) is scheduled to post its quarterly earnings results before the market opens on Wednesday, August 9th. Analysts expect RMR Group to post earnings of $0.46 per share for the quarter.
RMR Group (NYSE:RMR) last posted its quarterly earnings data on Wednesday, May 10th. The financial services provider reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by $0.01. RMR Group had a return on equity of 19.25% and a net margin of 32.69%. The company had revenue of $54.30 million during the quarter, compared to the consensus estimate of $52.79 million. On average, analysts expect RMR Group to post $2.83 EPS for the current fiscal year and $2.03 EPS for the next fiscal year.
RMR Group Inc (RMR) remained flat at $49.10 on Monday. The company had a trading volume of 4,613 shares. The stock has a market cap of $790.22 million and a P/E ratio of 17.74. The stock’s 50-day moving average is $49.41 and its 200-day moving average is $49.69. RMR Group Inc has a 52 week low of $33.90 and a 52 week high of $55.10.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Monday, July 24th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $1.00 dividend on an annualized basis and a yield of 2.04%.
A number of analysts have weighed in on the stock. FBR & Co restated a “mkt perform” rating and issued a $48.00 target price (up previously from $44.00) on shares of RMR Group in a research report on Friday, May 12th. Oppenheimer Holdings, Inc. assumed coverage on shares of RMR Group in a research report on Tuesday, April 18th. They issued a “market perform” rating on the stock. Zacks Investment Research lowered shares of RMR Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. Finally, Canaccord Genuity set a $72.00 target price on shares of RMR Group and gave the company a “buy” rating in a research report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. RMR Group has an average rating of “Hold” and an average price target of $59.33.
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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