S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
South Korean doctors hold massive anti-government rally over medical school recruitment plan
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
South Korean doctors hold massive anti-government rally over medical school recruitment plan
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
South Korean doctors hold massive anti-government rally over medical school recruitment plan
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
South Korean doctors hold massive anti-government rally over medical school recruitment plan
NYSE:GMRE

Global Medical REIT (GMRE) Stock Price, News & Analysis

$9.03
+0.08 (+0.89%)
(As of 03/1/2024 ET)
Today's Range
$8.87
$9.06
50-Day Range
$8.77
$11.51
52-Week Range
$8.04
$11.59
Volume
297,240 shs
Average Volume
350,390 shs
Market Capitalization
$592.05 million
P/E Ratio
39.26
Dividend Yield
9.30%
Price Target
$11.50

Global Medical REIT MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
27.4% Upside
$11.50 Price Target
Short Interest
Healthy
1.60% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.19
Upright™ Environmental Score
News Sentiment
-0.06mentions of Global Medical REIT in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.57 out of 5 stars

Finance Sector

151st out of 857 stocks

Real Estate Investment Trusts Industry

26th out of 180 stocks


GMRE stock logo

About Global Medical REIT Stock (NYSE:GMRE)

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.

GMRE Stock Price History

GMRE Stock News Headlines

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Q4 2023 Global Medical REIT Inc Earnings Call
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
City Office REIT (CIO) Q4 FFO Meet Estimates
GMRE Mar 2024 10.000 put
Global Medical REIT Inc's Dividend Analysis
GMRE.PR.A Global Medical REIT Inc. 7.50% CUM PFD A
Q3 2023 Global Medical REIT Inc Earnings Call
See More Headlines
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Company Calendar

Last Earnings
5/04/2022
Ex-Dividend for 1/9 Dividend
12/26/2023
Dividend Payable
1/09/2024
Today
3/03/2024
Next Earnings (Estimated)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Fax
N/A
Employees
29
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$11.50
High Stock Price Target
$12.50
Low Stock Price Target
$11.00
Potential Upside/Downside
+27.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$19.14 million
Pretax Margin
15.41%

Debt

Sales & Book Value

Annual Sales
$140.93 million
Cash Flow
$1.26 per share
Book Value
$8.10 per share

Miscellaneous

Free Float
60,385,000
Market Cap
$592.05 million
Optionable
Optionable
Beta
1.17
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GMRE Stock Analysis - Frequently Asked Questions

Should I buy or sell Global Medical REIT stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Global Medical REIT in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GMRE shares.
View GMRE analyst ratings
or view top-rated stocks.

What is Global Medical REIT's stock price target for 2024?

1 equities research analysts have issued 12 month price objectives for Global Medical REIT's stock. Their GMRE share price targets range from $11.00 to $12.50. On average, they anticipate the company's stock price to reach $11.50 in the next year. This suggests a possible upside of 27.4% from the stock's current price.
View analysts price targets for GMRE
or view top-rated stocks among Wall Street analysts.

How have GMRE shares performed in 2024?

Global Medical REIT's stock was trading at $11.10 at the start of the year. Since then, GMRE stock has decreased by 18.6% and is now trading at $9.03.
View the best growth stocks for 2024 here
.

Are investors shorting Global Medical REIT?

Global Medical REIT saw a drop in short interest in February. As of February 15th, there was short interest totaling 1,050,000 shares, a drop of 9.5% from the January 31st total of 1,160,000 shares. Based on an average daily trading volume, of 335,000 shares, the days-to-cover ratio is currently 3.1 days.
View Global Medical REIT's Short Interest
.

When is Global Medical REIT's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our GMRE earnings forecast
.

How were Global Medical REIT's earnings last quarter?

Global Medical REIT Inc. (NYSE:GMRE) released its quarterly earnings data on Wednesday, May, 4th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.23 by $0.19. Global Medical REIT had a trailing twelve-month return on equity of 3.20% and a net margin of 12.55%. During the same quarter in the previous year, the company earned $0.24 EPS.

How often does Global Medical REIT pay dividends? What is the dividend yield for Global Medical REIT?

Global Medical REIT announced a quarterly dividend on Tuesday, December 12th. Investors of record on Wednesday, December 27th will be given a dividend of $0.21 per share on Tuesday, January 9th. This represents a $0.84 annualized dividend and a yield of 9.30%. The ex-dividend date is Tuesday, December 26th.
Read our dividend analysis for GMRE
.

Is Global Medical REIT a good dividend stock?

Global Medical REIT (NYSE:GMRE) pays an annual dividend of $0.84 per share and currently has a dividend yield of 8.96%. GMRE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 365.22%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for GMRE.

What other stocks do shareholders of Global Medical REIT own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Global Medical REIT investors own include Principal Financial Group (PFG), INSYS Therapeutics (INSY), General Electric (GE), New Residential Investment (NRZ), AT&T (T), Big Lots (BIG), Block (SQ), Energy Transfer (ET), Medical Properties Trust (MPW) and AGNC Investment (AGNC).

When did Global Medical REIT IPO?

(GMRE) raised $130 million in an initial public offering (IPO) on Wednesday, June 29th 2016. The company issued 13,000,000 shares at a price of $10.00 per share. Wunderlich and Oppenheimer acted as the underwriters for the IPO and BB&T Capital Markets, Compass Point and D.A. Davidson were co-managers.

Who are Global Medical REIT's major shareholders?

Global Medical REIT's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.36%), Brown Advisory Inc. (2.11%), Royal Bank of Canada (1.88%), Nuveen Asset Management LLC (1.73%), Sound Income Strategies LLC (1.49%) and Dimensional Fund Advisors LP (1.30%). Insiders that own company stock include Henry Cole and Jeffrey Busch.
View institutional ownership trends
.

How do I buy shares of Global Medical REIT?

Shares of GMRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:GMRE) was last updated on 3/3/2024 by MarketBeat.com Staff