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GMRE

Global Medical REIT

$8.28

0.12 (1.47%)

08:32
12/26/17
12/26
08:32
12/26/17
08:32

Global Medical REIT provides update on impact of recent tax legislation

Global Medical REIT is providing the following information regarding the impact of the recently-enacted Tax Cuts and Jobs Action REIT dividends in response to investor inquiries. Key provisions of the legislation pertaining to REIT dividends include: Beginning in 2018, individual shareholders will receive a deduction equal to 20% of REIT dividends received. Under the law in effect for 2017 and prior years, the maximum effective federal income tax rate on ordinary REIT dividends was 39.6%. As under prior law, REIT dividends may, if an investor's income exceeds certain thresholds, be subject to the 3.8% Medicare tax. With respect to portions of REIT distributions that do not constitute dividends there has been no change under the TCJA. The above deduction is applicable to ordinary REIT dividends, as opposed to distributions of capital gain or qualified dividends which are already taxed at preferential maximum 20% rates. The deduction for ordinary REIT dividends under the TCJA is not subject to the wage/unadjusted tax basis limits that are applicable to other types of pass-through income.

GMRE Global Medical REIT
$8.28

0.12 (1.47%)

03/28/17
COMP
03/28/17
UPGRADE
Target $9.25
COMP
Buy
Global Medical REIT upgraded to Buy from Neutral at Compass Point
Compass Point analyst Steve Shaw upgraded Global Medial REIT to Buy and raised its price target to $9.25 from $9 following the Q4 report and acquisition update saying shares are trading at a discount.
08/21/17
DADA
08/21/17
DOWNGRADE
DADA
Neutral
Global Medical REIT downgraded to Neutral from Buy at DA Davidson
08/22/17
DADA
08/22/17
DOWNGRADE
DADA
Neutral
Global Medical REIT downgraded on stock outlook at DA Davidson
As noted earlier, DA Davidson downgraded Global Medical REIT to Neutral from Buy. Analyst Barry Oxford says that the stock "could be range bound for a period of time" following the departures of the REIT's CEO and CFO and due to "potential concerns regarding the dividend and acquisitions." The analyst says he'is "somewhat concerned" about the REIT's dividend because it will have to "maintain a healthy pace of acquisitions in order to cover their dividend." Target to $10 from $11.
08/22/17
08/22/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Mylan (MYL) downgraded to Hold from Buy at Argus with analyst Jasper Hellweg citing the cut in 2017 guidance. He said Mylan may also have difficulty improving operations in the near-term due to unfavorable EpiPen regulatory developments, pricing pressures, and increased competition. 2. Brookfield (BIP) downgraded to Neutral from Outperform at Credit Suisse, with analyst Andrew Kuske saying he is exiting his long "tactical trade" given recent outperformance. 3. Global Medical REIT (GMRE) downgraded to Neutral from Buy at DA Davidson with analyst Barry Oxford saying that the stock "could be range bound for a period of time" following the departures of the REIT's CEO and CFO and due to "potential concerns regarding the dividend and acquisitions." 4. NxStage Medical (NXTM) downgraded to Market Perform from Outperform at Leerink, as analyst Danielle Antalffy said it is unlikely another bidder will top Fresenius Medical's (FMS) $30 per share offer for the company. 5. Hikma (HKMPY) downgraded to Neutral from Buy at Goldman Sachs, with analyst Yulia Gerasimova citing Roxane integration issues, delayed generic Advair approval, ongoing U.S. generics pricing erosion, and multiple guidance downgrades from the company. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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