FY2017 EPS Estimates for RMR Group Inc (RMR) Lifted by Analyst

RMR Group Inc (NYSE:RMR) – Equities research analysts at William Blair increased their FY2017 EPS estimates for shares of RMR Group in a research report issued to clients and investors on Thursday. William Blair analyst B. Dobell now expects that the brokerage will post earnings of $1.83 per share for the year, up from their previous estimate of $1.81. William Blair has a “Outperform” rating on the stock.

Several other brokerages have also recently issued reports on RMR. FBR & Co boosted their price target on shares of RMR Group from $43.00 to $44.00 and gave the company a “mkt perform” rating in a research report on Friday. Zacks Investment Research upgraded shares of RMR Group from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Tuesday, December 20th. Finally, JMP Securities started coverage on shares of RMR Group in a report on Wednesday, October 19th. They issued a “market perform” rating on the stock.

Earnings History and Estimates for RMR Group (NYSE:RMR)

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Shares of RMR Group (NYSE:RMR) opened at 47.55 on Friday. The company has a market cap of $764.70 million and a PE ratio of 20.43. The company has a 50 day moving average of $43.36 and a 200-day moving average of $39.43. RMR Group has a 12-month low of $20.31 and a 12-month high of $49.45.

RMR Group (NYSE:RMR) last posted its quarterly earnings results on Thursday, February 9th. The company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.20. The company earned $105.30 million during the quarter, compared to the consensus estimate of $90.45 million.

A number of large investors have recently made changes to their positions in RMR. Prudential Financial Inc. purchased a new stake in RMR Group during the third quarter worth approximately $509,000. Acadian Asset Management LLC boosted its stake in RMR Group by 32.7% in the third quarter. Acadian Asset Management LLC now owns 448,801 shares of the company’s stock worth $17,027,000 after buying an additional 110,698 shares during the last quarter. HighVista Strategies LLC purchased a new stake in RMR Group during the third quarter worth approximately $1,337,000. Great West Life Assurance Co. Can boosted its stake in RMR Group by 501.0% in the third quarter. Great West Life Assurance Co. Can now owns 4,634 shares of the company’s stock worth $176,000 after buying an additional 3,863 shares during the last quarter. Finally, Acrospire Investment Management LLC boosted its stake in RMR Group by 189.5% in the third quarter. Acrospire Investment Management LLC now owns 3,129 shares of the company’s stock worth $119,000 after buying an additional 2,048 shares during the last quarter.

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The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 21st. Shareholders of record on Monday, January 23rd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Thursday, January 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.

5 Day Chart for NYSE:RMR

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