Wall Street brokerages predict that Global Medical REIT Inc (NASDAQ:GMRE) will announce earnings of $0.14 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Global Medical REIT’s earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.18. The company is expected to report its next earnings report on Thursday, August 10th.

According to Zacks, analysts expect that Global Medical REIT will report full-year earnings of $0.52 per share for the current year, with EPS estimates ranging from $0.36 to $0.67. For the next financial year, analysts anticipate that the firm will post earnings of $0.76 per share, with EPS estimates ranging from $0.71 to $0.81. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Global Medical REIT.

Global Medical REIT (NASDAQ:GMRE) last announced its earnings results on Thursday, May 11th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.10 by $0.24. Global Medical REIT had a negative return on equity of 6.70% and a negative net margin of 54.55%. The business had revenue of $4.66 million for the quarter, compared to analyst estimates of $5.32 million.

GMRE has been the subject of several research reports. Zacks Investment Research lowered shares of Global Medical REIT from a “hold” rating to a “sell” rating in a report on Monday, March 20th. Compass Point raised shares of Global Medical REIT from a “neutral” rating to a “buy” rating in a report on Tuesday, March 28th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Global Medical REIT presently has a consensus rating of “Buy” and a consensus target price of $11.54.

In other news, Chairman Jeffrey Busch bought 11,100 shares of Global Medical REIT stock in a transaction on Friday, June 30th. The stock was purchased at an average cost of $9.00 per share, with a total value of $99,900.00. Following the purchase, the chairman now directly owns 20,110 shares of the company’s stock, valued at approximately $180,990. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Neuberger Berman Group LLC purchased a new position in Global Medical REIT during the first quarter worth about $601,000. Rational Advisors LLC purchased a new position in Global Medical REIT during the first quarter worth about $2,425,000. Parametric Portfolio Associates LLC raised its position in Global Medical REIT by 24.0% in the first quarter. Parametric Portfolio Associates LLC now owns 26,529 shares of the company’s stock worth $241,000 after buying an additional 5,129 shares during the last quarter. Wedbush Securities Inc. raised its position in Global Medical REIT by 6.2% in the first quarter. Wedbush Securities Inc. now owns 14,500 shares of the company’s stock worth $132,000 after buying an additional 849 shares during the last quarter. Finally, First Dallas Securities Inc. raised its position in Global Medical REIT by 10.9% in the first quarter. First Dallas Securities Inc. now owns 89,800 shares of the company’s stock worth $815,000 after buying an additional 8,800 shares during the last quarter.

COPYRIGHT VIOLATION WARNING: This news story was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/07/16/zacks-brokerages-anticipate-global-medical-reit-inc-gmre-to-post-0-14-eps-updated.html.

Shares of Global Medical REIT (GMRE) traded up 0.23% during midday trading on Thursday, hitting $8.77. 210,569 shares of the stock traded hands. Global Medical REIT has a one year low of $6.73 and a one year high of $11.38. The firm has a 50-day moving average price of $9.52 and a 200 day moving average price of $9.05.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 10th. Shareholders of record on Tuesday, June 27th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 9.12%. The ex-dividend date of this dividend is Friday, June 23rd.

Global Medical REIT Company Profile

Global Medical REIT Inc focuses on operating as a real estate investment trust. The Company is engaged primarily in the acquisition and leasing of licensed purpose-built healthcare facilities in certain markets with various clinical operators. The Company seeks to invest in these purpose-built, specialized facilities, such as surgery centers, specialty hospitals and outpatient treatment centers.

Get a free copy of the Zacks research report on Global Medical REIT (GMRE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Stock Ratings for Global Medical REIT Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Medical REIT Inc and related stocks with our FREE daily email newsletter.