Global Medical REIT Inc. (GMRE) Forecasted to Post FY2017 Earnings of $0.35 Per Share

Global Medical REIT Inc. (NYSE:GMRE) – Stock analysts at DA Davidson upped their FY2017 earnings per share estimates for shares of Global Medical REIT in a research note issued on Monday. DA Davidson analyst B. Oxford now forecasts that the company will post earnings of $0.35 per share for the year, up from their previous estimate of $0.31. DA Davidson has a “Neutral” rating and a $10.00 price objective on the stock. DA Davidson also issued estimates for Global Medical REIT’s Q4 2017 earnings at $0.16 EPS, Q1 2018 earnings at $0.17 EPS, Q2 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.21 EPS, FY2018 earnings at $0.77 EPS, Q1 2019 earnings at $0.19 EPS, Q2 2019 earnings at $0.20 EPS, Q3 2019 earnings at $0.21 EPS and FY2019 earnings at $0.82 EPS.

GMRE has been the topic of several other reports. B. Riley reissued a “buy” rating on shares of Global Medical REIT in a research note on Wednesday, November 1st. Zacks Investment Research raised Global Medical REIT from a “sell” rating to a “hold” rating in a research note on Tuesday. Cantor Fitzgerald reissued an “overweight” rating and issued a $12.00 target price on shares of Global Medical REIT in a research note on Friday, September 1st. Finally, FBR & Co reissued a “buy” rating and issued a $10.50 target price (up from $10.00) on shares of Global Medical REIT in a research note on Monday, September 18th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $10.60.

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

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

About Global Medical REIT

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

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