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NYSE:GMRE

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

$8.93
-0.01 (-0.11%)
(As of 11:38 AM ET)
Today's Range
$8.86
$8.99
50-Day Range
$7.98
$9.04
52-Week Range
$7.98
$11.59
Volume
109,059 shs
Average Volume
382,211 shs
Market Capitalization
$585.72 million
P/E Ratio
38.83
Dividend Yield
9.41%
Price Target
$11.25

Global Medical REIT MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
25.4% Upside
$11.25 Price Target
Short Interest
Healthy
1.91% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.19
Upright™ Environmental Score
News Sentiment
0.80mentions of Global Medical REIT in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.56%
From $0.90 to $0.95 Per Share

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.

4.78 out of 5 stars

Finance Sector

87th out of 837 stocks

Real Estate Investment Trusts Industry

16th out of 174 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

Q1 2024 Global Medical REIT Inc Earnings Call
Global Medical REIT: Q1 Earnings Snapshot
Global Medical REIT Inc
GMRE Oct 2024 10.000 put
Q4 2023 Global Medical REIT Inc Earnings Call
City Office REIT (CIO) Q4 FFO Meet Estimates
See More Headlines
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Company Calendar

Last Earnings
5/04/2022
Ex-Dividend for 4/9 Dividend
3/21/2024
Dividend Payable
4/09/2024
Today
5/21/2024
Next Earnings (Estimated)
8/07/2024
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
26
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$11.25
High Stock Price Target
$12.50
Low Stock Price Target
$10.00
Potential Upside/Downside
+25.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$20.61 million
Pretax Margin
15.63%

Debt

Sales & Book Value

Annual Sales
$141.05 million
Cash Flow
$1.26 per share
Book Value
$8.10 per share

Miscellaneous

Free Float
60,210,000
Market Cap
$587.03 million
Optionable
Optionable
Beta
1.13
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GMRE Stock Analysis - Frequently Asked Questions

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

1 Wall Street 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 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 analysts have issued 1 year target prices for Global Medical REIT's stock. Their GMRE share price targets range from $10.00 to $12.50. On average, they anticipate the company's stock price to reach $11.25 in the next twelve months. This suggests a possible upside of 25.4% 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 shares have decreased by 19.2% and is now trading at $8.97.
View the best growth stocks for 2024 here
.

Are investors shorting Global Medical REIT?

Global Medical REIT saw a decline in short interest in the month of April. As of April 30th, there was short interest totaling 1,250,000 shares, a decline of 5.3% from the April 15th total of 1,320,000 shares. Based on an average trading volume of 414,400 shares, the short-interest ratio is presently 3.0 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, August 7th 2024.
View our GMRE earnings forecast
.

How were Global Medical REIT's earnings last quarter?

Global Medical REIT Inc. (NYSE:GMRE) posted its earnings results 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 net margin of 13.77% and a trailing twelve-month return on equity of 3.54%. During the same quarter in the prior year, the firm earned $0.24 earnings per share.

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

Global Medical REIT declared a quarterly dividend on Thursday, March 7th. Stockholders of record on Friday, March 22nd will be paid a dividend of $0.21 per share on Tuesday, April 9th. This represents a $0.84 annualized dividend and a dividend yield of 9.36%. The ex-dividend date is Thursday, March 21st.
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 9.44%. 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. Based on EPS estimates, GMRE will have a dividend payout ratio of 88.42% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for GMRE.

What ETFs hold Global Medical REIT's stock?
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?

Global Medical REIT (GMRE) raised $130 million in an initial public offering (IPO) on Wednesday, June 29th 2016. The company issued 13,000,000 shares at $10.00 per share. Wunderlich and Oppenheimer served 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 variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.48%), Sound Income Strategies LLC (1.64%), LSV Asset Management (1.58%), Pacific Ridge Capital Partners LLC (0.95%), Connors Investor Services Inc. (0.46%) and Redmond Asset Management LLC (0.38%). 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 5/21/2024 by MarketBeat.com Staff

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