Wall Street analysts expect RMR Group Inc (NASDAQ:RMR) to report $150.42 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for RMR Group’s earnings, with the highest sales estimate coming in at $158.60 million and the lowest estimate coming in at $142.24 million. RMR Group reported sales of $59.28 million in the same quarter last year, which indicates a positive year over year growth rate of 153.7%. The business is scheduled to report its next quarterly earnings results on Thursday, May 9th.
On average, analysts expect that RMR Group will report full-year sales of $735.39 million for the current fiscal year, with estimates ranging from $710.58 million to $760.20 million. For the next fiscal year, analysts forecast that the business will post sales of $617.27 million, with estimates ranging from $587.44 million to $647.10 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for RMR Group.
Get RMR Group alerts:RMR Group (NASDAQ:RMR) last released its quarterly earnings results on Thursday, February 7th. The financial services provider reported $3.22 EPS for the quarter, meeting analysts’ consensus estimates of $3.22. RMR Group had a return on equity of 17.44% and a net margin of 16.52%. The company had revenue of $280.31 million during the quarter, compared to analysts’ expectations of $181.62 million.
RMR has been the subject of several research analyst reports. TheStreet upgraded RMR Group from a “c+” rating to a “b” rating in a research note on Friday, January 25th. B. Riley set a $89.00 price objective on RMR Group and gave the stock a “buy” rating in a research note on Tuesday, January 29th. ValuEngine upgraded RMR Group from a “hold” rating to a “buy” rating in a research note on Thursday, December 6th. Finally, Zacks Investment Research upgraded RMR Group from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research note on Thursday, December 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $81.50.
Shares of NASDAQ:RMR traded up $0.82 during trading on Monday, hitting $66.52. The stock had a trading volume of 40,783 shares, compared to its average volume of 45,513. RMR Group has a 12-month low of $51.80 and a 12-month high of $98.00. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 28.55 and a beta of 1.31.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 21st. Stockholders of record on Monday, January 28th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.10%. This is a boost from RMR Group’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, January 25th. RMR Group’s dividend payout ratio (DPR) is presently 60.09%.
Several large investors have recently made changes to their positions in the company. Legal & General Group Plc raised its stake in shares of RMR Group by 5.1% in the fourth quarter. Legal & General Group Plc now owns 3,483 shares of the financial services provider’s stock worth $185,000 after purchasing an additional 168 shares during the last quarter. Victory Capital Management Inc. grew its holdings in RMR Group by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 5,498 shares of the financial services provider’s stock worth $292,000 after acquiring an additional 215 shares during the period. Martingale Asset Management L P grew its holdings in RMR Group by 1.5% during the third quarter. Martingale Asset Management L P now owns 34,184 shares of the financial services provider’s stock worth $3,173,000 after acquiring an additional 499 shares during the period. Convergence Investment Partners LLC grew its holdings in RMR Group by 9.4% during the fourth quarter. Convergence Investment Partners LLC now owns 6,217 shares of the financial services provider’s stock worth $330,000 after acquiring an additional 533 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its holdings in RMR Group by 0.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 62,438 shares of the financial services provider’s stock worth $3,317,000 after acquiring an additional 541 shares during the period. Hedge funds and other institutional investors own 18.29% 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 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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