RMR Group (RMR) Posts Quarterly Earnings Results

RMR Group (NASDAQ:RMR) posted its quarterly earnings results on Monday. The financial services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.55 by $0.06, Morningstar.com reports. The firm had revenue of $65.07 million for the quarter, compared to the consensus estimate of $62.32 million. RMR Group had a net margin of 23.72% and a return on equity of 8.72%.

RMR stock opened at $63.52 on Wednesday. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 27.26 and a beta of 0.61. RMR Group has a one year low of $52.81 and a one year high of $98.00.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Monday, October 29th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, October 26th. This is an increase from RMR Group’s previous quarterly dividend of $0.25. This represents a $1.40 annualized dividend and a dividend yield of 2.20%. RMR Group’s dividend payout ratio (DPR) is 60.09%.

Several hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. grew its holdings in shares of RMR Group by 15.9% in the second quarter. Victory Capital Management Inc. now owns 4,976 shares of the financial services provider’s stock worth $390,000 after purchasing an additional 681 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of RMR Group by 11.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 7,276 shares of the financial services provider’s stock worth $571,000 after purchasing an additional 720 shares during the last quarter. Bowling Portfolio Management LLC grew its holdings in shares of RMR Group by 4.1% in the second quarter. Bowling Portfolio Management LLC now owns 23,282 shares of the financial services provider’s stock worth $1,826,000 after purchasing an additional 918 shares during the last quarter. Stone Ridge Asset Management LLC grew its holdings in shares of RMR Group by 8.0% in the third quarter. Stone Ridge Asset Management LLC now owns 13,004 shares of the financial services provider’s stock worth $1,207,000 after purchasing an additional 958 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of RMR Group by 2.3% in the third quarter. Alliancebernstein L.P. now owns 48,412 shares of the financial services provider’s stock worth $4,493,000 after purchasing an additional 1,100 shares during the last quarter. 18.85% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have commented on RMR shares. B. Riley raised shares of RMR Group from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $89.00 to $82.00 in a research note on Tuesday. BidaskClub downgraded shares of RMR Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 20th. TheStreet downgraded shares of RMR Group from a “b-” rating to a “c+” rating in a research note on Friday, November 30th. Zacks Investment Research downgraded shares of RMR Group from a “buy” rating to a “hold” rating in a research note on Friday, September 28th. Finally, ValuEngine downgraded shares of RMR Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. RMR Group presently has a consensus rating of “Hold” and an average price target of $91.50.

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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 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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Earnings History for RMR Group (NASDAQ:RMR)

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