Equities analysts expect that Global Medical REIT Inc (NYSE:GMRE) will report earnings of $0.20 per share for the current quarter, according to Zacks. Five analysts have issued estimates for Global Medical REIT’s earnings. The lowest EPS estimate is $0.19 and the highest is $0.21. Global Medical REIT posted earnings per share of $0.18 during the same quarter last year, which would indicate a positive year over year growth rate of 11.1%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, May 8th.
On average, analysts expect that Global Medical REIT will report full-year earnings of $0.83 per share for the current financial year, with EPS estimates ranging from $0.77 to $0.90. For the next financial year, analysts expect that the company will report earnings of $0.91 per share, with EPS estimates ranging from $0.81 to $1.12. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Global Medical REIT.
Global Medical REIT (NYSE:GMRE) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $14.38 million for the quarter, compared to the consensus estimate of $14.46 million.
Shares of GMRE traded down $0.11 during mid-day trading on Wednesday, hitting $10.07. 273,957 shares of the company’s stock were exchanged, compared to its average volume of 323,427. The stock has a market capitalization of $345.77 million, a PE ratio of 12.91, a P/E/G ratio of 1.39 and a beta of 0.61. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 1.25. Global Medical REIT has a 52 week low of $8.08 and a 52 week high of $11.02.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 26th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 25th. This represents a $0.80 annualized dividend and a yield of 7.94%. Global Medical REIT’s dividend payout ratio is currently 102.56%.
In other Global Medical REIT news, Director Roscoe M. Moore, Jr. sold 5,945 shares of the company’s stock in a transaction that occurred on 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 through this hyperlink. 11.70% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of GMRE. Psagot Investment House Ltd. acquired a new position in Global Medical REIT during the first quarter valued at approximately $6,085,000. State of New Jersey Common Pension Fund D boosted its holdings in shares of Global Medical REIT by 34.2% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 588,000 shares of the company’s stock valued at $5,227,000 after buying an additional 150,000 shares in the last quarter. LSV Asset Management bought a new stake in shares of Global Medical REIT in the 4th quarter valued at about $1,283,000. RMR Advisors LLC boosted its stake in Global Medical REIT by 13.1% in the 1st quarter. RMR Advisors LLC now owns 495,467 shares of the company’s stock worth $4,865,000 after purchasing an additional 57,500 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Global Medical REIT by 234.8% in the 4th quarter. Rhumbline Advisers now owns 75,223 shares of the company’s stock worth $669,000 after purchasing an additional 52,755 shares in the last quarter. Institutional investors and hedge funds own 35.28% of the company’s stock.
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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