Hot Stock in Focus: Global Medical REIT Inc. (NYSE: GMRE)

Charles Barnes

I am Charles Barnes and I focus on breaking news stories and ensuring we (“Import Tourism”) offer timely reporting on some of the most recent stories released through market wires about “Financial” sector.

I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Import Tourism specializing in quicker moving active shares with a short term view on investment opportunities and trends.

Address: 3819 Sun Valley Road, George, WA 98824, USA
Phone: (+1) 509-785-0774
Email: charlesbarnes@importtourism.com
Charles Barnes

Global Medical REIT Inc. (NYSE: GMRE) posted revenues of $16.88M for the quarter ended June 2019, surpassing the Zacks Consensus Estimate by 0.81%. This compares to year-ago revenues of $13.25M. The company has topped consensus revenue estimates just once over the last four quarters. The company came out with quarterly funds from operations (FFO) of $0.18 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to FFO of $0.20 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of -5.26%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.20 per share when it actually produced FFO of $0.17, delivering a surprise of -15%.

GMRE has the market capitalization of $487.77M and its EPS growth ratio for the past five years was 15.20%. The return on assets ratio of the Company was 1.30% while its return on investment ratio stands at 1.30%. Price to sales ratio was 7.54 while 51.60% of the stock was owned by institutional investors.

Charles Barnes

Charles Barnes

I am Charles Barnes and I focus on breaking news stories and ensuring we (“Import Tourism”) offer timely reporting on some of the most recent stories released through market wires about “Financial” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Import Tourism specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 3819 Sun Valley Road, George, WA 98824, USA Phone: (+1) 509-785-0774 Email: charlesbarnes@importtourism.com