Analysts expect that RMR Group Inc (NASDAQ:RMR) will post $141.21 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for RMR Group’s earnings, with the highest sales estimate coming in at $141.91 million and the lowest estimate coming in at $140.50 million. RMR Group reported sales of $159.24 million during the same quarter last year, which would suggest a negative year over year growth rate of 11.3%. The business is scheduled to issue its next earnings results on Friday, November 27th.
According to Zacks, analysts expect that RMR Group will report full year sales of $579.19 million for the current year, with estimates ranging from $576.35 million to $581.31 million. For the next year, analysts anticipate that the business will report sales of $568.74 million, with estimates ranging from $561.70 million to $580.62 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for RMR Group.
RMR Group (NASDAQ:RMR) last issued its quarterly earnings results on Friday, August 7th. The financial services provider reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. RMR Group had a return on equity of 6.09% and a net margin of 5.18%.
A number of brokerages recently commented on RMR. Citigroup raised their price target on RMR Group from $28.00 to $31.50 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. UBS Group decreased their price target on RMR Group from $46.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. B. Riley decreased their target price on RMR Group from $55.00 to $41.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Oppenheimer began coverage on RMR Group in a research report on Friday, August 7th. They issued a “hold” rating on the stock. Finally, Zacks Investment Research cut RMR Group from a “hold” rating to a “strong sell” rating in a research report on Friday, August 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $35.07.
Shares of NASDAQ RMR traded down $0.40 during mid-day trading on Thursday, reaching $30.22. The company had a trading volume of 66,229 shares, compared to its average volume of 89,226. RMR Group has a one year low of $21.79 and a one year high of $49.99. The firm has a market cap of $946.34 million, a price-to-earnings ratio of 15.99 and a beta of 1.23. The business’s 50-day simple moving average is $29.36 and its 200 day simple moving average is $29.99.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Monday, July 27th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date was Friday, July 24th. RMR Group’s dividend payout ratio is presently 31.47%.
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of RMR Group by 0.7% during the second quarter. Vanguard Group Inc. now owns 2,291,194 shares of the financial services provider’s stock worth $67,522,000 after purchasing an additional 15,631 shares during the last quarter. FMR LLC grew its holdings in shares of RMR Group by 19.2% during the second quarter. FMR LLC now owns 730,075 shares of the financial services provider’s stock worth $21,516,000 after purchasing an additional 117,503 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of RMR Group by 102.0% during the second quarter. Federated Hermes Inc. now owns 442,707 shares of the financial services provider’s stock worth $13,047,000 after purchasing an additional 223,512 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in shares of RMR Group by 10.7% during the second quarter. Thompson Siegel & Walmsley LLC now owns 242,937 shares of the financial services provider’s stock worth $7,159,000 after purchasing an additional 23,572 shares during the last quarter. Finally, V3 Capital Management L.P. lifted its stake in shares of RMR Group by 38.7% in the first quarter. V3 Capital Management L.P. now owns 195,959 shares of the financial services provider’s stock worth $5,285,000 after acquiring an additional 54,700 shares during the period. Institutional investors own 39.67% of the company’s stock.
About RMR Group
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 five publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2018, the company had approximately 1,700 properties under management, which are primarily owned by its Managed Equity REITs.
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