RMR Group (RMR) Scheduled to Post Quarterly Earnings on Friday

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RMR Group (NASDAQ:RMR) is set to post its quarterly earnings results before the market opens on Friday, November 22nd. Analysts expect RMR Group to post earnings of $0.53 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Shares of RMR stock opened at $48.53 on Thursday. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 20.83 and a beta of 1.21. The stock has a 50 day simple moving average of $46.64 and a 200-day simple moving average of $47.93. RMR Group has a 1-year low of $41.69 and a 1-year high of $77.83.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.13%. This is an increase from RMR Group’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, October 25th. RMR Group’s dividend payout ratio (DPR) is presently 65.24%.

A number of brokerages have recently issued reports on RMR. B. Riley lowered their price target on RMR Group from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. UBS Group initiated coverage on RMR Group in a research note on Friday, October 11th. They issued a “neutral” rating and a $46.00 price objective for the company. Citigroup assumed coverage on RMR Group in a report on Wednesday, September 4th. They issued a “neutral” rating and a $46.00 price objective on the stock. ValuEngine raised shares of RMR Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research raised shares of RMR Group from a “sell” rating to a “hold” rating and set a $52.00 target price on the stock in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $52.75.

RMR Group Company Profile

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 five publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2018, the company had approximately 1,700 properties under management, which are primarily owned by its Managed Equity REITs.

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Earnings History for RMR Group (NASDAQ:RMR)

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