Global Medical REIT (GMRE) Scheduled to Post Earnings on Wednesday

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Global Medical REIT (NYSE:GMRE) is set to release its Q2 2019 earnings data after the market closes on Wednesday, August 7th. Analysts expect Global Medical REIT to post earnings of $0.19 per share for the quarter.

Global Medical REIT (NYSE:GMRE) last issued its earnings results on Wednesday, May 8th. The company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.18). The firm had revenue of $15.20 million for the quarter, compared to the consensus estimate of $15.32 million. Global Medical REIT had a net margin of 21.38% and a return on equity of 5.52%. On average, analysts expect Global Medical REIT to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NYSE GMRE opened at $10.27 on Tuesday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.76. The firm’s fifty day moving average price is $10.61. The company has a market cap of $342.77 million, a price-to-earnings ratio of 13.17, a PEG ratio of 1.47 and a beta of 0.41. Global Medical REIT has a twelve month low of $8.15 and a twelve month high of $11.51.

The company also recently announced a quarterly dividend, which was paid on Thursday, July 11th. Shareholders of record on Wednesday, June 26th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 7.79%. The ex-dividend date of this dividend was Tuesday, June 25th. Global Medical REIT’s dividend payout ratio (DPR) is presently 102.56%.

A number of brokerages have weighed in on GMRE. ValuEngine lowered Global Medical REIT from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded Global Medical REIT from a “strong sell” rating to a “hold” rating in a report on Thursday, July 11th. Boenning Scattergood reiterated a “buy” rating and issued a $11.00 price target on shares of Global Medical REIT in a report on Friday, May 10th. TheStreet upgraded Global Medical REIT from a “c+” rating to a “b” rating in a report on Thursday, May 9th. Finally, Stifel Nicolaus initiated coverage on Global Medical REIT in a report on Monday, April 15th. They issued a “buy” rating and a $11.00 price target on the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $10.67.

About Global Medical REIT

Global Medical REIT, Inc engages in the acquisition of purpose-built healthcare facilities and leasing of those properties to strong healthcare systems and physician groups. The company was founded on March 18, 2011 and is headquartered in Bethesda, MD.

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Earnings History for Global Medical REIT (NYSE:GMRE)

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