Equities analysts expect RMR Group Inc (NASDAQ:RMR) to report $0.49 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for RMR Group’s earnings. RMR Group reported earnings per share of $0.45 during the same quarter last year, which indicates a positive year-over-year growth rate of 8.9%. The business is scheduled to report its next quarterly earnings report on Thursday, February 8th.
According to Zacks, analysts expect that RMR Group will report full-year earnings of $1.97 per share for the current financial year. For the next fiscal year, analysts forecast that the business will report earnings of $2.00 per share. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover RMR Group.
RMR Group (NASDAQ:RMR) last released its earnings results on Tuesday, December 12th. The financial services provider reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.12. RMR Group had a net margin of 15.56% and a return on equity of 11.27%.
RMR has been the topic of several recent research reports. Zacks Investment Research raised shares of RMR Group from a “hold” rating to a “strong-buy” rating and set a $61.00 target price on the stock in a report on Wednesday, October 4th. BidaskClub raised shares of RMR Group from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. FBR & Co reaffirmed a “neutral” rating and set a $51.00 target price (up previously from $50.00) on shares of RMR Group in a report on Monday, October 2nd. Finally, B. Riley set a $55.00 target price on shares of RMR Group and gave the company a “hold” rating in a report on Wednesday, December 13th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $60.50.
RMR Group (NASDAQ RMR) traded up $0.05 during mid-day trading on Friday, hitting $62.95. 14,143 shares of the company traded hands, compared to its average volume of 25,033. RMR Group has a 52 week low of $39.10 and a 52 week high of $63.30. The company has a market cap of $1,960.00 and a price-to-earnings ratio of 24.03.
A number of institutional investors have recently made changes to their positions in the business. Confluence Investment Management LLC bought a new stake in RMR Group in the 4th quarter worth $1,580,000. California Public Employees Retirement System grew its holdings in RMR Group by 10.2% in the 3rd quarter. California Public Employees Retirement System now owns 19,711 shares of the financial services provider’s stock worth $1,012,000 after acquiring an additional 1,818 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in RMR Group by 17.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 200,400 shares of the financial services provider’s stock worth $10,291,000 after acquiring an additional 29,686 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in RMR Group by 5.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 29,246 shares of the financial services provider’s stock worth $1,502,000 after acquiring an additional 1,392 shares during the last quarter. Finally, Mckinley Capital Management LLC Delaware grew its holdings in RMR Group by 1.5% in the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 69,006 shares of the financial services provider’s stock worth $3,543,000 after acquiring an additional 1,052 shares during the last quarter. 34.54% of the stock is currently owned by institutional investors and hedge funds.
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RMR Group Company Profile
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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