Analysts See $0.20 EPS for Global Medical REIT Inc. (GMRE)

July 14, 2018 - By Andrea Pope

Global Medical REIT Inc. (NYSE:GMRE) Logo

Analysts expect Global Medical REIT Inc. (NYSE:GMRE) to report $0.20 EPS on August, 9.They anticipate $0.06 EPS change or 42.86 % from last quarter’s $0.14 EPS. GMRE’s profit would be $4.58 million giving it 10.71 P/E if the $0.20 EPS is correct. After having $0.18 EPS previously, Global Medical REIT Inc.’s analysts see 11.11 % EPS growth. The stock decreased 1.72% or $0.15 during the last trading session, reaching $8.57. About 64,089 shares traded. Global Medical REIT Inc. (NYSE:GMRE) has declined 7.73% since July 14, 2017 and is downtrending. It has underperformed by 20.30% the S&P500.

Global Medical REIT Inc. is a Maryland corporation engaged primarily in the acquisition of licensed, state-of-the-art, purpose-built healthcare facilities and the leasing of these facilities to strong clinical operators with leading market share. The company has market cap of $196.05 million. The Company's strategy is to produce increasing, reliable rental revenue by expanding its portfolio, and leasing its healthcare facilities to market-leading operators under long-term triple-net leases. It currently has negative earnings. The Company's management team has significant healthcare, real estate and public real estate investment trust, or REIT, experience and has long-established relationships with a wide range of healthcare providers.

Another recent and important Global Medical REIT Inc. (NYSE:GMRE) news was published by Businesswire.com which published an article titled: “Global Medical REIT Inc. Announces Appointment of Paula Crowley to Its Board of Directors and the Declaration of Its …” on June 15, 2018.

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