The RMR Group Inc. (NASDAQ:RMR) is reporting fourth quarter financial results on Friday 20th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, RMR is expected to report 4Q20 income of $ 0.39 per share from revenue of $ 137.52 million.
For the full year, analysts anticipate top line of $ 576.82 million, while looking forward to income of $ 1.78 per share bottom line.
Previous Quarter Performance
The RMR Group Inc. reported income for the third quarter of $ 0.38 per share, from the revenue of $ 138.65 million. The quarterly earnings 5.56 percent compared with the same quarter last year. Street analysts expected The RMR Group Inc. to report income of $ 0.38 per share on revenue of $ 132.10 million for the third quarter. The top line results outshined analysts by $ 6.55 million or 4.96 percent.
Stock Performance
Shares of The RMR Group Inc. traded up $ 1.11 or 3.57 percent on Thursday, reaching $ 32.23 with volume of 54.10 thousand shares. The RMR Group Inc. has traded high as $ 32.31 and has cracked $ 30.78 on the downward trend
According to the previous trading day, closing price of $ 32.23, representing a 42.82 % increase from the 52 week low of $ 21.79 and a 37.75 % decrease over the 52 week high of $ 49.99.
The company has a market capital of $ 1.01 billion and is part of the Real Estate sector and Real Estate Services industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.38 per share on October 15, 2020. The dividend were payable on November 19, 2020 to holders of record as of the close of business on October 26, 2020 and ex-dividend date on October 23, 2020.
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.
