The RMR Group Inc. (NASDAQ:RMR) – William Blair boosted their Q2 2018 earnings per share (EPS) estimates for The RMR Group in a research note issued on Monday. William Blair analyst B. Dobell now forecasts that the financial services provider will post earnings of $0.51 per share for the quarter, up from their prior estimate of $0.50. William Blair also issued estimates for The RMR Group’s Q3 2018 earnings at $0.54 EPS and Q4 2018 earnings at $0.60 EPS.
Other equities analysts have also recently issued research reports about the company. BidaskClub cut The RMR Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday. B. Riley reiterated a “neutral” rating on shares of The RMR Group in a report on Wednesday, November 1st. Canaccord Genuity set a $72.00 price target on The RMR Group and gave the stock a “buy” rating in a report on Wednesday, August 9th. FBR & Co reiterated a “neutral” rating and set a $51.00 price target (up previously from $50.00) on shares of The RMR Group in a report on Monday, October 2nd. Finally, Zacks Investment Research cut The RMR Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $60.00.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, October 23rd were given a dividend of $0.25 per share. The ex-dividend date was Friday, October 20th. This represents a $1.00 annualized dividend and a yield of 1.70%. The RMR Group’s dividend payout ratio (DPR) is presently 35.97%.
A number of hedge funds have recently modified their holdings of RMR. Principal Financial Group Inc. acquired a new stake in The RMR Group during the second quarter worth approximately $211,000. Voya Investment Management LLC acquired a new stake in The RMR Group during the second quarter worth approximately $218,000. Trexquant Investment LP acquired a new stake in The RMR Group during the second quarter worth approximately $219,000. OMERS ADMINISTRATION Corp acquired a new stake in The RMR Group during the second quarter worth approximately $248,000. Finally, Bank of America Corp DE lifted its position in The RMR Group by 1.2% during the first quarter. Bank of America Corp DE now owns 5,027 shares of the financial services provider’s stock worth $249,000 after acquiring an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 34.52% of the company’s stock.
About The 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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