Global Medical REIT Inc. Expected to Post Q4 2017 Earnings of $0.16 Per Share (GMRE)

Global Medical REIT Inc. (NYSE:GMRE) – Equities researchers at DA Davidson lifted their Q4 2017 EPS estimates for Global Medical REIT in a research report issued on Monday. DA Davidson analyst B. Oxford now forecasts that the company will post earnings of $0.16 per share for the quarter, up from their prior forecast of $0.14. DA Davidson has a “Neutral” rating and a $10.00 price target on the stock. DA Davidson also issued estimates for Global Medical REIT’s Q2 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.21 EPS, Q2 2019 earnings at $0.20 EPS, Q3 2019 earnings at $0.21 EPS and FY2019 earnings at $0.82 EPS.

Other equities research analysts have also recently issued reports about the stock. B. Riley reaffirmed a “buy” rating and issued a $10.50 target price on shares of Global Medical REIT in a report on Friday, November 10th. FBR & Co reaffirmed a “buy” rating and issued a $10.50 target price (up from $10.00) on shares of Global Medical REIT in a report on Monday, September 18th. Zacks Investment Research raised shares of Global Medical REIT from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $12.00 target price on shares of Global Medical REIT in a report on Friday, September 1st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $10.60.

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Shares of Global Medical REIT (NYSE GMRE) opened at $9.33 on Wednesday. Global Medical REIT has a 1-year low of $7.04 and a 1-year high of $10.25. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.72. The company has a market cap of $199.43, a PE ratio of 23.64, a PEG ratio of 3.10 and a beta of -0.71.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wedbush Securities Inc. raised its holdings in Global Medical REIT by 5.8% during the second quarter. Wedbush Securities Inc. now owns 15,334 shares of the company’s stock worth $137,000 after purchasing an additional 834 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Global Medical REIT by 0.7% during the first quarter. Bank of New York Mellon Corp now owns 126,355 shares of the company’s stock worth $1,147,000 after purchasing an additional 937 shares in the last quarter. Teachers Advisors LLC raised its holdings in Global Medical REIT by 5.0% during the second quarter. Teachers Advisors LLC now owns 26,279 shares of the company’s stock worth $235,000 after purchasing an additional 1,243 shares in the last quarter. UBS Group AG raised its holdings in Global Medical REIT by 14.2% during the first quarter. UBS Group AG now owns 11,847 shares of the company’s stock worth $108,000 after purchasing an additional 1,477 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Global Medical REIT by 2.0% during the second quarter. Northern Trust Corp now owns 147,978 shares of the company’s stock worth $1,323,000 after purchasing an additional 2,873 shares in the last quarter. 36.91% of the stock is owned by hedge funds and other institutional investors.

Global Medical REIT Company Profile

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