Q1 2023 EPS Estimates for The RMR Group Inc. (NASDAQ:RMR) Increased by B. Riley

The RMR Group Inc. (NASDAQ:RMRGet Rating) – B. Riley increased their Q1 2023 EPS estimates for shares of The RMR Group in a note issued to investors on Thursday, May 12th. B. Riley analyst B. Maher now expects that the financial services provider will earn $0.60 per share for the quarter, up from their prior estimate of $0.50. B. Riley also issued estimates for The RMR Group’s Q2 2023 earnings at $0.55 EPS, FY2023 earnings at $2.30 EPS and FY2024 earnings at $2.32 EPS.

A number of other research firms have also weighed in on RMR. StockNews.com upgraded shares of The RMR Group from a “buy” rating to a “strong-buy” rating in a research report on Friday. Morgan Stanley lowered their price target on shares of The RMR Group from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Monday, April 25th. TheStreet lowered shares of The RMR Group from a “b-” rating to a “c+” rating in a research report on Friday, February 4th. Finally, Zacks Investment Research upgraded shares of The RMR Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 10th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $39.20.

RMR opened at $28.29 on Monday. The firm has a market capitalization of $890.71 million, a PE ratio of 12.86 and a beta of 1.61. The RMR Group has a twelve month low of $26.82 and a twelve month high of $47.12. The firm’s 50-day moving average price is $29.47 and its 200 day moving average price is $31.89.

The RMR Group (NASDAQ:RMRGet Rating) last announced its earnings results on Wednesday, May 4th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.09). The RMR Group had a net margin of 5.20% and a return on equity of 8.32%. During the same quarter last year, the business posted $0.37 earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 19th. Shareholders of record on Monday, April 25th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.66%. This is a positive change from The RMR Group’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, April 22nd. The RMR Group’s payout ratio is presently 72.73%.

A number of large investors have recently bought and sold shares of RMR. Citadel Advisors LLC boosted its holdings in The RMR Group by 73.0% in the 3rd quarter. Citadel Advisors LLC now owns 391,354 shares of the financial services provider’s stock valued at $13,091,000 after purchasing an additional 165,110 shares during the last quarter. Flat Footed LLC purchased a new stake in shares of The RMR Group in the 4th quarter valued at approximately $5,487,000. Victory Capital Management Inc. raised its stake in shares of The RMR Group by 62.7% in the 1st quarter. Victory Capital Management Inc. now owns 263,212 shares of the financial services provider’s stock valued at $7,180,000 after acquiring an additional 101,437 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of The RMR Group by 395.3% in the 1st quarter. Assenagon Asset Management S.A. now owns 123,423 shares of the financial services provider’s stock valued at $3,838,000 after acquiring an additional 98,505 shares during the period. Finally, TCW Group Inc. raised its stake in shares of The RMR Group by 29.3% in the 4th quarter. TCW Group Inc. now owns 350,440 shares of the financial services provider’s stock valued at $12,153,000 after acquiring an additional 79,400 shares during the period. Institutional investors own 42.77% of the company’s stock.

About The RMR Group (Get Rating)

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides business and property management services in the United States. The company provides management services to its four publicly traded real estate investment trusts and three real estate operating companies. It also provides investment advisory services.

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Earnings History and Estimates for The RMR Group (NASDAQ:RMR)

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