RMR Group Inc (RMR) to Post Q4 2017 Earnings of $0.54 Per Share, William Blair Forecasts
RMR Group Inc (NYSE:RMR) – Analysts at William Blair boosted their Q4 2017 earnings estimates for RMR Group in a research note issued to investors on Wednesday. William Blair analyst B. Dobell now forecasts that the financial services provider will post earnings of $0.54 per share for the quarter, up from their previous estimate of $0.51. William Blair also issued estimates for RMR Group’s Q1 2018 earnings at $0.48 EPS, Q2 2018 earnings at $0.50 EPS and Q3 2018 earnings at $0.53 EPS.
Several other equities research analysts also recently issued reports on the stock. Canaccord Genuity reiterated a “buy” rating and set a $72.00 price objective on shares of RMR Group in a research note on Wednesday. Zacks Investment Research downgraded shares of RMR Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. FBR & Co reiterated a “mkt perform” rating and set a $48.00 price objective (up from $44.00) on shares of RMR Group in a research note on Friday, May 12th. Finally, Oppenheimer Holdings, Inc. began coverage on shares of RMR Group in a research note on Tuesday, April 18th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $59.33.
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Shares of RMR Group (RMR) traded up 0.45% during trading on Friday, hitting $45.05. 29,539 shares of the stock traded hands. RMR Group has a 52-week low of $33.90 and a 52-week high of $55.10. The firm has a market cap of $725.03 million and a PE ratio of 16.28. The company’s 50 day moving average is $49.14 and its 200 day moving average is $49.85.
RMR Group (NYSE:RMR) last issued its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.46 by $0.02. RMR Group had a return on equity of 19.25% and a net margin of 32.69%. The company had revenue of $55.50 million during the quarter, compared to analyst estimates of $54.65 million.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System bought a new stake in RMR Group during the first quarter valued at about $208,000. American International Group Inc. boosted its stake in RMR Group by 7.1% in the first quarter. American International Group Inc. now owns 4,261 shares of the financial services provider’s stock valued at $211,000 after buying an additional 281 shares in the last quarter. Principal Financial Group Inc. bought a new stake in RMR Group during the second quarter valued at about $211,000. Wedbush Securities Inc. bought a new stake in RMR Group during the first quarter valued at about $216,000. Finally, Trexquant Investment LP bought a new stake in RMR Group during the second quarter valued at about $219,000.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, July 24th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.23%.
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.
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