Oppenheimer Weighs in on The RMR Group Inc.’s Q4 2018 Earnings (RMR)
The RMR Group Inc. (NASDAQ:RMR) – Analysts at Oppenheimer raised their Q4 2018 EPS estimates for The RMR Group in a research report issued on Tuesday. Oppenheimer analyst C. Kotowski now expects that the financial services provider will post earnings of $0.47 per share for the quarter, up from their previous forecast of $0.46. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for The RMR Group’s Q4 2019 earnings at $0.46 EPS.
A number of other research firms have also recently issued reports on RMR. TheStreet raised The RMR Group from a “c” rating to a “b-” rating in a report on Tuesday. Zacks Investment Research cut The RMR Group from a “strong-buy” rating to a “hold” rating in a report on Saturday, December 9th. BidaskClub cut The RMR Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. B. Riley set a $55.00 price target on The RMR Group and gave the company a “hold” rating in a report on Wednesday. Finally, FBR & Co reaffirmed a “neutral” rating and issued a $51.00 price target (up from $50.00) on shares of The RMR Group in a report on Monday, October 2nd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $60.25.
The RMR Group (NASDAQ RMR) traded up $2.15 during trading on Thursday, hitting $60.20. The company had a trading volume of 37,900 shares, compared to its average volume of 39,770. The RMR Group has a fifty-two week low of $38.55 and a fifty-two week high of $61.25. The company has a market capitalization of $876.24, a PE ratio of 32.98 and a beta of -0.71.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, October 23rd were issued a dividend of $0.25 per share. The ex-dividend date was Friday, October 20th. This represents a $1.00 annualized dividend and a yield of 1.66%. The RMR Group’s dividend payout ratio is currently 38.02%.
A number of large investors have recently made changes to their positions in RMR. Principal Financial Group Inc. bought a new stake in shares of The RMR Group in the 2nd quarter valued at about $211,000. Voya Investment Management LLC bought a new stake in shares of The RMR Group in the 2nd quarter valued at about $218,000. Trexquant Investment LP bought a new stake in shares of The RMR Group in the 2nd quarter valued at about $219,000. OMERS ADMINISTRATION Corp bought a new stake in shares of The RMR Group in the 2nd quarter valued at about $248,000. Finally, Bank of America Corp DE increased its stake in shares of The RMR Group by 1.2% in the 1st quarter. Bank of America Corp DE now owns 5,027 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 59 shares during the last quarter. 34.52% of the stock is owned by hedge funds and other institutional investors.
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About The 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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