Global Medical REIT (GMRE) to Release Earnings on Tuesday

Global Medical REIT (NYSE:GMRE - Get Free Report) will issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Global Medical REIT Price Performance

NYSE:GMRE traded down $0.17 on Tuesday, reaching $8.12. 460,384 shares of the company's stock traded hands, compared to its average volume of 381,728. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.11. Global Medical REIT has a 12 month low of $7.98 and a 12 month high of $11.59. The stock has a 50-day simple moving average of $8.63 and a 200-day simple moving average of $9.52. The firm has a market cap of $532.10 million, a PE ratio of 35.28 and a beta of 1.12.

Global Medical REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Friday, March 22nd were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.84 dividend on an annualized basis and a yield of 10.35%. Global Medical REIT's dividend payout ratio is presently 365.22%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Global Medical REIT from a "buy" rating to a "hold" rating in a research note on Wednesday, February 28th.

Global Medical REIT Company Profile

Global Medical REIT Inc (GMRE) is a net-lease medical office real estate investment trust (REIT) that owns and acquires healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems.