B. Riley upgraded shares of RMR Group (NASDAQ:RMR) from a neutral rating to a buy rating in a report released on Tuesday, Marketbeat reports. They currently have $82.00 price objective on the financial services provider’s stock, down from their prior price objective of $89.00. B. Riley also issued estimates for RMR Group’s Q1 2019 earnings at $0.62 EPS, Q3 2019 earnings at $0.62 EPS, Q4 2019 earnings at $0.64 EPS, FY2019 earnings at $2.46 EPS and FY2020 earnings at $2.62 EPS.
Other equities research analysts have also recently issued reports about the company. BidaskClub cut RMR Group from a strong-buy rating to a buy rating in a research note on Wednesday, August 8th. ValuEngine cut RMR Group from a buy rating to a hold rating in a research note on Tuesday, November 20th. Finally, Zacks Investment Research raised RMR Group from a sell rating to a hold rating in a research note on Tuesday, November 27th. 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. The company has an average rating of Hold and an average target price of $79.50.
Shares of RMR Group stock opened at $62.15 on Tuesday. RMR Group has a 12 month low of $52.81 and a 12 month high of $98.00. The firm has a market cap of $1.98 billion, a P/E ratio of 26.67 and a beta of 0.61.
RMR Group (NASDAQ:RMR) last announced its quarterly earnings data on Monday, December 3rd. The financial services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.06. RMR Group had a return on equity of 8.70% and a net margin of 23.72%. The business had revenue of $65.07 million during the quarter, compared to analysts’ expectations of $62.32 million. Analysts anticipate that RMR Group will post 2.65 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Monday, October 29th were issued a dividend of $0.35 per share. The ex-dividend date was Friday, October 26th. This is a positive change from RMR Group’s previous quarterly dividend of $0.25. This represents a $1.40 annualized dividend and a yield of 2.25%. RMR Group’s payout ratio is currently 60.09%.
A number of hedge funds have recently bought and sold shares of RMR. Reilly Financial Advisors LLC bought a new position in RMR Group during the third quarter worth about $113,000. Principal Financial Group Inc. bought a new position in RMR Group during the first quarter worth about $219,000. Welch & Forbes LLC bought a new position in RMR Group during the third quarter worth about $220,000. Eqis Capital Management Inc. bought a new stake in shares of RMR Group in the second quarter valued at about $225,000. Finally, Raymond James & Associates bought a new stake in shares of RMR Group in the second quarter valued at about $238,000. Hedge funds and other institutional investors own 18.85% of the company’s stock.
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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