Analysts expect that Global Medical REIT Inc (NYSE:GMRE) will report $15.32 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Global Medical REIT’s earnings. The lowest sales estimate is $15.02 million and the highest is $15.80 million. Global Medical REIT posted sales of $11.56 million during the same quarter last year, which would indicate a positive year over year growth rate of 32.5%. The firm is scheduled to issue its next earnings results after the market closes on Wednesday, May 8th.
On average, analysts expect that Global Medical REIT will report full-year sales of $67.88 million for the current fiscal year, with estimates ranging from $60.65 million to $73.07 million. For the next fiscal year, analysts expect that the firm will post sales of $81.52 million, with estimates ranging from $62.03 million to $95.74 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Global Medical REIT.
Global Medical REIT (NYSE:GMRE) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.10. Global Medical REIT had a return on equity of 6.29% and a net margin of 22.62%. The firm had revenue of $14.38 million for the quarter, compared to analyst estimates of $14.46 million.
Global Medical REIT stock traded down $0.11 during mid-day trading on Friday, reaching $10.07. 273,957 shares of the company were exchanged, compared to its average volume of 323,427. Global Medical REIT has a 12 month low of $8.08 and a 12 month high of $11.02. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market cap of $345.77 million, a PE ratio of 12.91, a price-to-earnings-growth ratio of 1.39 and a beta of 0.61.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 26th were issued a $0.20 dividend. The ex-dividend date was Monday, March 25th. This represents a $0.80 annualized dividend and a dividend yield of 7.94%. Global Medical REIT’s dividend payout ratio is currently 102.56%.
In other news, Director Roscoe M. Moore, Jr. sold 5,945 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $9.75, for a total value of $57,963.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 11.70% of the company’s stock.
Large investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. lifted its holdings in Global Medical REIT by 59.0% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 69,450 shares of the company’s stock valued at $682,000 after purchasing an additional 25,770 shares in the last quarter. American International Group Inc. lifted its holdings in Global Medical REIT by 15.5% during the first quarter. American International Group Inc. now owns 14,404 shares of the company’s stock valued at $141,000 after purchasing an additional 1,934 shares in the last quarter. Schnieders Capital Management LLC lifted its holdings in Global Medical REIT by 31.0% during the first quarter. Schnieders Capital Management LLC now owns 17,100 shares of the company’s stock valued at $168,000 after purchasing an additional 4,050 shares in the last quarter. Stevens Capital Management LP purchased a new position in Global Medical REIT during the first quarter valued at $139,000. Finally, Wedge Capital Management L L P NC lifted its holdings in Global Medical REIT by 1.0% during the first quarter. Wedge Capital Management L L P NC now owns 124,181 shares of the company’s stock valued at $1,219,000 after purchasing an additional 1,271 shares in the last quarter. Institutional investors and hedge funds own 35.28% of the company’s stock.
Global Medical REIT Company Profile
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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