DA Davidson Equities Analysts Boost Earnings Estimates for Global Medical REIT Inc. (GMRE)

Global Medical REIT Inc. (NYSE:GMRE) – DA Davidson boosted their FY2017 earnings per share (EPS) estimates for Global Medical REIT in a report issued on Monday. DA Davidson analyst B. Oxford now expects that the company will post earnings per share of $0.35 for the year, up from their prior estimate of $0.31. DA Davidson has a “Neutral” rating and a $10.00 price target on the stock. DA Davidson also issued estimates for Global Medical REIT’s Q4 2017 earnings at $0.16 EPS, Q1 2018 earnings at $0.17 EPS, Q2 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.21 EPS, FY2018 earnings at $0.77 EPS, Q1 2019 earnings at $0.19 EPS, Q2 2019 earnings at $0.20 EPS, Q3 2019 earnings at $0.21 EPS and FY2019 earnings at $0.82 EPS.

A number of other brokerages have also weighed in on GMRE. B. Riley reissued a “buy” rating and issued a $10.50 price target on shares of Global Medical REIT in a report on Friday, November 10th. Zacks Investment Research downgraded shares of Global Medical REIT from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. FBR & Co reissued a “buy” rating and issued a $10.50 price target (up from $10.00) on shares of Global Medical REIT in a report on Monday, September 18th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $12.00 price target on shares of Global Medical REIT in a report on Friday, September 1st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Global Medical REIT has an average rating of “Buy” and a consensus price target of $10.60.

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Global Medical REIT (NYSE GMRE) opened at $9.27 on Wednesday. The firm has a market cap of $199.43, a PE ratio of 23.64, a P/E/G ratio of 3.10 and a beta of -0.71. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.72. Global Medical REIT has a 1 year low of $7.10 and a 1 year high of $10.25.

Several institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC grew its holdings in shares of Global Medical REIT by 37.8% in the third quarter. Janney Montgomery Scott LLC now owns 116,248 shares of the company’s stock worth $1,044,000 after purchasing an additional 31,900 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Global Medical REIT by 36,351.0% in the third quarter. Asset Management One Co. Ltd. now owns 36,451 shares of the company’s stock worth $333,000 after purchasing an additional 36,351 shares during the last quarter. Nomura Asset Management Co. Ltd. bought a new position in shares of Global Medical REIT in the third quarter worth approximately $120,000. B. Riley Financial Inc. bought a new position in shares of Global Medical REIT in the third quarter worth approximately $229,000. Finally, Stifel Financial Corp bought a new position in shares of Global Medical REIT in the third quarter worth approximately $1,007,000. Hedge funds and other institutional investors own 36.91% of the company’s stock.

About Global Medical REIT

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

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