Global Medical REIT Inc (GMRE) Forecasted to Earn Q4 2018 Earnings of $0.21 Per Share

Global Medical REIT Inc (NYSE:GMRE) – Research analysts at B. Riley reduced their Q4 2018 earnings per share estimates for shares of Global Medical REIT in a report released on Monday, November 12th. B. Riley analyst B. Maher now anticipates that the company will post earnings per share of $0.21 for the quarter, down from their prior forecast of $0.23. B. Riley currently has a “Buy” rating on the stock. B. Riley also issued estimates for Global Medical REIT’s Q1 2019 earnings at $0.21 EPS, Q2 2019 earnings at $0.22 EPS and FY2020 earnings at $1.10 EPS.

Global Medical REIT (NYSE:GMRE) last posted its quarterly earnings data on Monday, November 5th. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.22). The company had revenue of $14.00 million during the quarter, compared to analyst estimates of $14.34 million. Global Medical REIT had a return on equity of 2.65% and a net margin of 9.87%.



A number of other research firms have also commented on GMRE. Boenning Scattergood raised Global Medical REIT from a “neutral” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Wednesday, November 7th. Zacks Investment Research lowered Global Medical REIT from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Finally, Robert W. Baird assumed coverage on Global Medical REIT in a research note on Thursday, October 11th. They issued an “outperform” rating and a $11.00 price objective on the stock. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Global Medical REIT currently has a consensus rating of “Buy” and an average price target of $10.50.

Global Medical REIT stock opened at $9.49 on Thursday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $206.39 million, a P/E ratio of 17.57, a P/E/G ratio of 1.31 and a beta of 0.51. Global Medical REIT has a one year low of $6.34 and a one year high of $10.05.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its holdings in Global Medical REIT by 0.9% in the third quarter. BlackRock Inc. now owns 1,020,193 shares of the company’s stock worth $9,609,000 after purchasing an additional 9,460 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in Global Medical REIT by 2.3% in the third quarter. State of New Jersey Common Pension Fund D now owns 438,000 shares of the company’s stock worth $4,126,000 after purchasing an additional 10,000 shares in the last quarter. RMR Advisors LLC increased its holdings in Global Medical REIT by 8.7% in the second quarter. RMR Advisors LLC now owns 437,967 shares of the company’s stock worth $3,880,000 after purchasing an additional 35,126 shares in the last quarter. Man Group plc increased its holdings in Global Medical REIT by 17.0% in the third quarter. Man Group plc now owns 296,024 shares of the company’s stock worth $2,789,000 after purchasing an additional 43,100 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in Global Medical REIT by 370.7% in the first quarter. Millennium Management LLC now owns 229,150 shares of the company’s stock worth $1,593,000 after purchasing an additional 180,465 shares in the last quarter. Institutional investors and hedge funds own 42.59% of the company’s stock.

Global Medical REIT Company Profile

Global Medical REIT, Inc operates as a development stage company that intends to develop and manage a portfolio of healthcare real estate assets and properties. The company was founded on March 18, 2011 and is headquartered in Bethesda, MD.

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Earnings History and Estimates for Global Medical REIT (NYSE:GMRE)

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