The RMR Group (NASDAQ:RMR) Updates Q4 2022 Earnings Guidance

The RMR Group (NASDAQ:RMRGet Rating) updated its fourth quarter 2022 earnings guidance on Monday. The company provided earnings per share guidance of $0.57-$0.60 for the period, compared to the consensus earnings per share estimate of $0.50. The company issued revenue guidance of -.

Several brokerages have recently issued reports on RMR. TheStreet cut The RMR Group from a b- rating to a c+ rating in a research note on Friday, February 4th. StockNews.com upgraded The RMR Group from a buy rating to a strong-buy rating in a research report on Friday. Morgan Stanley decreased their price objective on The RMR Group from $39.00 to $32.00 and set an equal weight rating on the stock in a report on Monday, April 25th. Zacks Investment Research upgraded The RMR Group from a sell rating to a hold rating in a report on Tuesday, May 10th. Finally, B. Riley lifted their price target on The RMR Group from $42.00 to $44.00 in a report on Friday. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Buy and a consensus price target of $39.20.

Shares of RMR opened at $28.29 on Monday. The stock has a 50-day simple moving average of $29.47 and a 200-day simple moving average of $31.89. The stock 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 1 year low of $26.82 and a 1 year high of $47.12.

The RMR Group (NASDAQ:RMRGet Rating) last announced its quarterly earnings data 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 period in the previous year, the firm posted $0.37 earnings per share. Research analysts forecast that The RMR Group will post 2.05 EPS for the current fiscal year.

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

A number of hedge funds have recently bought and sold shares of the stock. UBS Group AG increased its holdings in shares of The RMR Group by 192.8% in the third quarter. UBS Group AG now owns 2,026 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 1,334 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of The RMR Group by 95.8% in the third quarter. BNP Paribas Arbitrage SA now owns 4,658 shares of the financial services provider’s stock valued at $156,000 after purchasing an additional 2,279 shares during the period. MetLife Investment Management LLC grew its holdings in The RMR Group by 58.7% during the first quarter. MetLife Investment Management LLC now owns 7,468 shares of the financial services provider’s stock worth $232,000 after acquiring an additional 2,762 shares during the period. Citigroup Inc. grew its holdings in The RMR Group by 23.6% during the fourth quarter. Citigroup Inc. now owns 7,474 shares of the financial services provider’s stock worth $259,000 after acquiring an additional 1,426 shares during the period. Finally, Deutsche Bank AG grew its holdings in The RMR Group by 5.4% during the fourth quarter. Deutsche Bank AG now owns 9,518 shares of the financial services provider’s stock worth $331,000 after acquiring an additional 491 shares during the period. Hedge funds and other institutional investors own 42.77% of the company’s stock.

The RMR Group Company Profile (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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