RMR Group (NASDAQ:RMR) – Stock analysts at Oppenheimer boosted their FY2019 earnings per share (EPS) estimates for shares of RMR Group in a note issued to investors on Wednesday, April 11th. Oppenheimer analyst C. Kotowski now anticipates that the financial services provider will post earnings per share of $4.30 for the year, up from their prior estimate of $4.05. Oppenheimer also issued estimates for RMR Group’s Q1 2020 earnings at $1.51 EPS.
A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research raised shares of RMR Group from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a report on Thursday, January 4th. B. Riley set a $61.00 price target on shares of RMR Group and gave the stock a “hold” rating in a report on Tuesday, January 23rd. Finally, BidaskClub raised shares of RMR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 20th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $66.25.
RMR Group (NASDAQ:RMR) last posted its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11. The company had revenue of $218.54 million for the quarter, compared to analysts’ expectations of $206.85 million. RMR Group had a net margin of 23.35% and a return on equity of 10.86%.
Institutional investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership grew its stake in RMR Group by 37.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 23,458 shares of the financial services provider’s stock valued at $1,391,000 after buying an additional 6,389 shares in the last quarter. Aperio Group LLC grew its stake in RMR Group by 32.3% in the 4th quarter. Aperio Group LLC now owns 6,805 shares of the financial services provider’s stock valued at $404,000 after buying an additional 1,661 shares in the last quarter. Wells Fargo & Company MN grew its stake in RMR Group by 23.0% in the 3rd quarter. Wells Fargo & Company MN now owns 41,599 shares of the financial services provider’s stock valued at $2,137,000 after buying an additional 7,783 shares in the last quarter. Engine Capital Management LLC grew its stake in RMR Group by 718.5% in the 4th quarter. Engine Capital Management LLC now owns 89,541 shares of the financial services provider’s stock valued at $5,310,000 after buying an additional 78,601 shares in the last quarter. Finally, Confluence Investment Management LLC purchased a new position in RMR Group in the 4th quarter valued at approximately $1,580,000. Institutional investors and hedge funds own 18.06% of the company’s stock.
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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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