In a report released today, Chris Kotowski from Oppenheimer maintained a Hold rating on The RMR Group Inc (NASDAQ: RMR). The company’s shares closed yesterday at $81.65, close to its 52-week high of $83.
Kotowski said:
“RMR reported GAAP EPS of $0.52 compared to our $0.54 estimate and consensus $0.55E. Adjusted for the one-time $0.9M ($0.02 in EPS) compensation expense, we would put “core” EPS at $0.54, in line with our estimate. During the quarter SIR completed the IPO of RMR’s fifth managed Trust (ILPT) for growth opportunities. RMR also collected $156M in incentive fees from its managed REITs, driving the firepower from $126M in in F2Q18. With no outstanding debt, the company continued to explore opportunities to deploy excess capital. While the company has a robust business model and the stock has had an impressive run of 62.2% over the past 12 months vs. 13.5% for S&P, we remain on the sidelines at current valuation.”
According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 10.1% and a 67.6% success rate. Kotowski covers the Financial sector, focusing on stocks such as Eagle Point Credit Company Inc, Great Elm Capital Corporation, and Apollo Global Management LLC.
The RMR Group Inc has an analyst consensus of Hold.
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The company has a one-year high of $83 and a one-year low of $42.36. Currently, The RMR Group Inc has an average volume of 55.24K.
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RMR Group, Inc. is a holding company, which all of its business is conducted by its majority owned subsidiaries. It operates through RMR LLC, and All other operations. The RMR LLC manages real estate related businesses. The All Other Operations segment includes the operations of RMR Inc., RMRM Advisors, Tremont Advisors, and RMR Intl.
