RMR Group Inc (NASDAQ:RMR) – Stock analysts at Oppenheimer decreased their Q1 2019 earnings per share (EPS) estimates for shares of RMR Group in a note issued to investors on Monday, September 24th. Oppenheimer analyst C. Kotowski now anticipates that the financial services provider will post earnings per share of $2.61 for the quarter, down from their prior estimate of $3.05. Oppenheimer also issued estimates for RMR Group’s Q2 2019 earnings at $0.64 EPS, Q3 2019 earnings at $0.59 EPS, Q4 2019 earnings at $0.58 EPS, FY2019 earnings at $4.41 EPS, Q1 2020 earnings at $1.42 EPS, Q2 2020 earnings at $0.61 EPS, Q3 2020 earnings at $0.63 EPS and FY2020 earnings at $3.28 EPS.
Other research analysts have also issued reports about the company. Zacks Investment Research lowered RMR Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 25th. B. Riley raised their price target on RMR Group from $88.00 to $89.00 and gave the company a “$85.80” rating in a report on Thursday, July 19th. Finally, BidaskClub lowered RMR Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 8th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $80.33.
Shares of RMR opened at $90.70 on Thursday. The firm has a market cap of $2.85 billion, a PE ratio of 42.31 and a beta of -0.13. RMR Group has a one year low of $49.45 and a one year high of $98.00.
RMR Group (NASDAQ:RMR) last issued its quarterly earnings results on Wednesday, August 8th. The financial services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The company had revenue of $62.08 million for the quarter, compared to analyst estimates of $59.03 million. RMR Group had a return on equity of 9.97% and a net margin of 23.43%.
A number of hedge funds have recently made changes to their positions in the stock. Northern Trust Corp boosted its stake in RMR Group by 3.9% during the second quarter. Northern Trust Corp now owns 104,691 shares of the financial services provider’s stock valued at $8,214,000 after buying an additional 3,971 shares in the last quarter. Schroder Investment Management Group boosted its stake in RMR Group by 72.8% during the second quarter. Schroder Investment Management Group now owns 12,002 shares of the financial services provider’s stock valued at $923,000 after buying an additional 5,058 shares in the last quarter. WINTON GROUP Ltd bought a new position in RMR Group during the second quarter valued at about $992,000. Zacks Investment Management acquired a new position in shares of RMR Group in the 2nd quarter valued at $1,623,000. Finally, Bank of America Corp DE boosted its position in shares of RMR Group by 9.1% in the 2nd quarter. Bank of America Corp DE now owns 14,886 shares of the financial services provider’s stock valued at $1,168,000 after purchasing an additional 1,241 shares during the period. 18.40% of the stock is owned by institutional investors and hedge funds.
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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