Equities analysts expect that RMR Group Inc (NYSE:RMR) will announce $52.79 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for RMR Group’s earnings, with the highest sales estimate coming in at $53.97 million and the lowest estimate coming in at $51.5 million. RMR Group posted sales of $48.33 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.2%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Wednesday, May 10th.
According to Zacks, analysts expect that RMR Group will report full-year sales of $52.79 million for the current fiscal year, with estimates ranging from $264.2 million to $272.2 million. For the next fiscal year, analysts anticipate that the business will report sales of $220.36 million per share. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover RMR Group.
A number of research firms recently weighed in on RMR. Oppenheimer Holdings Inc. began coverage on shares of RMR Group in a research note on Tuesday, April 18th. They set a “market perform” rating for the company. Zacks Investment Research cut shares of RMR Group from a “buy” rating to a “hold” rating in a report on Thursday, April 13th. FBR & Co boosted their price objective on shares of RMR Group from $43.00 to $44.00 and gave the company a “mkt perform” rating in a report on Friday, February 10th. Finally, William Blair initiated coverage on shares of RMR Group in a report on Tuesday, January 17th. They set an “outperform” rating for the company. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $45.50.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC boosted its position in shares of RMR Group by 8.0% in the first quarter. Acadian Asset Management LLC now owns 543,488 shares of the financial services provider’s stock worth $26,903,000 after buying an additional 40,094 shares in the last quarter. State Street Corp boosted its position in shares of RMR Group by 9.5% in the fourth quarter. State Street Corp now owns 129,860 shares of the financial services provider’s stock worth $5,133,000 after buying an additional 11,266 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of RMR Group by 81.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 112,471 shares of the financial services provider’s stock worth $4,443,000 after buying an additional 50,624 shares in the last quarter. Royce & Associates LP boosted its position in shares of RMR Group by 40.7% in the fourth quarter. Royce & Associates LP now owns 74,300 shares of the financial services provider’s stock worth $2,935,000 after buying an additional 21,500 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of RMR Group by 52.8% in the fourth quarter. Renaissance Technologies LLC now owns 73,800 shares of the financial services provider’s stock worth $2,915,000 after buying an additional 25,500 shares in the last quarter.
RMR Group (NYSE:RMR) traded down 4.474% during trading on Thursday, reaching $50.963. 52,567 shares of the company’s stock were exchanged. RMR Group has a 1-year low of $26.00 and a 1-year high of $54.95. The company has a market capitalization of $819.59 million and a PE ratio of 18.750. The company’s 50-day moving average is $51.04 and its 200-day moving average is $45.25.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 18th. Investors of record on Friday, April 21st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Wednesday, April 19th.
About RMR Group
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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