Brokerages forecast that Global Medical REIT Inc (NASDAQ:GMRE) will post earnings per share of $0.12 for the current quarter, according to Zacks. Two analysts have issued estimates for Global Medical REIT’s earnings. The highest EPS estimate is $0.14 and the lowest is $0.10. 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 $0.44 per share for the current financial year, with EPS estimates ranging from $0.36 to $0.53. For the next fiscal year, analysts expect that the firm will post earnings of $0.72 per share, with EPS estimates ranging from $0.62 to $0.81. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that follow Global Medical REIT.

Global Medical REIT (NASDAQ:GMRE) last posted its quarterly earnings results on Thursday, May 11th. The company reported ($0.14) earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $4.66 million during the quarter, compared to analyst estimates of $5.32 million.

A number of equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Global Medical REIT from a “sell” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Wednesday, May 10th. Janney Montgomery Scott assumed coverage on shares of Global Medical REIT in a report on Thursday, February 23rd. They set a “buy” rating on the stock. Finally, Compass Point upgraded 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. Global Medical REIT presently has an average rating of “Buy” and a consensus target price of $11.54.

A number of large investors have recently modified their holdings of the stock. UBS Group AG raised its stake in shares of Global Medical REIT by 14.2% in the first quarter. UBS Group AG now owns 11,847 shares of the company’s stock valued at $108,000 after buying an additional 1,477 shares during the last quarter. Wedbush Securities Inc. raised its stake in shares of Global Medical REIT by 6.2% in the first quarter. Wedbush Securities Inc. now owns 14,500 shares of the company’s stock valued at $132,000 after buying an additional 849 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Global Medical REIT during the first quarter valued at about $137,000. GRT Capital Partners L.L.C. raised its stake in shares of Global Medical REIT by 7.5% in the fourth quarter. GRT Capital Partners L.L.C. now owns 17,576 shares of the company’s stock valued at $157,000 after buying an additional 1,220 shares during the last quarter. Finally, Menta Capital LLC acquired a new stake in shares of Global Medical REIT during the first quarter valued at about $164,000.

Global Medical REIT (NASDAQ GMRE) traded down 0.53% during trading on Monday, hitting $9.45. 139,194 shares of the stock were exchanged. The stock has a 50 day moving average price of $9.49 and a 200-day moving average price of $8.87. Global Medical REIT has a 12-month low of $6.73 and a 12-month high of $11.38.

COPYRIGHT VIOLATION NOTICE: “Analysts Expect Global Medical REIT Inc (GMRE) Will Announce Earnings of $0.12 Per Share” was reported by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/06/12/analysts-expect-global-medical-reit-inc-gmre-will-announce-earnings-of-0-12-per-share.html.

About Global Medical REIT

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

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.