S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
NYSE:GMRE

Global Medical REIT Stock Forecast, Price & News

$16.30
-0.61 (-3.61%)
(As of 11/26/2021 12:00 AM ET)
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Today's Range
$16.13
$16.68
50-Day Range
$14.70
$17.04
52-Week Range
$12.40
$17.40
Volume
277,475 shs
Average Volume
439,078 shs
Market Capitalization
$1.05 billion
P/E Ratio
108.67
Dividend Yield
4.85%
Beta
0.76
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Global Medical REIT logo

About Global Medical REIT

Global Medical REIT, Inc. engages in the acquisition of purpose-built healthcare facilities and leasing of those properties to strong healthcare systems and physician groups. The company was founded on March 18, 2011 and is headquartered in Bethesda, MD.

Headlines

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Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
22
Year Founded
N/A

Sales & Book Value

Annual Sales
$93.73 million
Cash Flow
$0.73 per share
Book Value
$8.65 per share

Profitability

Net Income
$-1.92 million
Pretax Margin
13.98%

Debt

Price-To-Earnings

Miscellaneous

Free Float
59,328,000
Market Cap
$1.05 billion
Optionable
Optionable

Company Calendar

Ex-Dividend
9/23/2021
Dividend Payable
10/08/2021
Last Earnings
11/03/2021
Today
11/27/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
3/02/2022

MarketRank

Overall MarketRank

2.25 out of 5 stars

Finance Sector

563rd out of 1,340 stocks

Real Estate Investment Trusts Industry

133rd out of 222 stocks

Analyst Opinion: 1.5Community Rank: 4.5Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -












Global Medical REIT (NYSE:GMRE) Frequently Asked Questions

Is Global Medical REIT a buy right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Global Medical REIT in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Global Medical REIT stock.
View analyst ratings for Global Medical REIT
or view top-rated stocks.

How has Global Medical REIT's stock price been impacted by Coronavirus (COVID-19)?

Global Medical REIT's stock was trading at $12.41 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, GMRE stock has increased by 31.3% and is now trading at $16.30.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Global Medical REIT?

Global Medical REIT saw a increase in short interest during the month of October. As of October 29th, there was short interest totaling 1,030,000 shares, an increase of 18.9% from the October 14th total of 866,500 shares. Based on an average trading volume of 333,000 shares, the short-interest ratio is presently 3.1 days. Approximately 1.7% of the shares of the company are short sold.
View Global Medical REIT's Short Interest
.

When is Global Medical REIT's next earnings date?

Global Medical REIT is scheduled to release its next quarterly earnings announcement on Wednesday, March 2nd 2022.
View our earnings forecast for Global Medical REIT
.

How were Global Medical REIT's earnings last quarter?

Global Medical REIT Inc. (NYSE:GMRE) announced its earnings results on Wednesday, November, 3rd. The company reported $0.06 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.23 by $0.17. Global Medical REIT had a trailing twelve-month return on equity of 2.94% and a net margin of 13.46%. During the same period last year, the company earned $0.23 earnings per share.
View Global Medical REIT's earnings history
.

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 Monday, September 13th. Shareholders of record on Friday, September 24th will be given a dividend of $0.205 per share on Friday, October 8th. This represents a $0.82 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend is Thursday, September 23rd.
View Global Medical REIT's dividend history
.

Is Global Medical REIT a good dividend stock?

Global Medical REIT pays an annual dividend of $0.82 per share and currently has a dividend yield of 4.85%. GMRE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Global Medical REIT does not yet have a strong track record of dividend growth. The dividend payout ratio of Global Medical REIT is 546.70%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Global Medical REIT will have a dividend payout ratio of 77.36% in the coming year. This indicates that Global Medical REIT may not be able to sustain their current dividend.
View Global Medical REIT's dividend history.

What price target have analysts set for GMRE?

4 brokers have issued 1 year target prices for Global Medical REIT's shares. Their forecasts range from $16.00 to $18.00. On average, they expect Global Medical REIT's share price to reach $17.25 in the next twelve months. This suggests a possible upside of 5.8% from the stock's current price.
View analysts' price targets for Global Medical REIT
or view top-rated stocks among Wall Street analysts.

Who are Global Medical REIT's key executives?

Global Medical REIT's management team includes the following people:
  • Jeffrey Mark Busch, Chairman, President & Chief Executive Officer
  • Danica Holley, Chief Operating Officer
  • Robert J. Kiernan, Chief Financial Officer & Treasurer
  • Alfonzo Leon, Chief Investment Officer
  • Allen E. Webb, Senior VP-SEC Reporting & Technical Accounting

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 (PFG), INSYS Therapeutics (INSY), General Electric (GE), New Residential Investment (NRZ), AT&T (T), Big Lots (BIG), Square (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 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.

What is Global Medical REIT's stock symbol?

Global Medical REIT trades on the New York Stock Exchange (NYSE) under the ticker symbol "GMRE."

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 BlackRock Inc. (7.44%), Aew Capital Management L P (4.64%), Bank of New York Mellon Corp (1.99%), Geode Capital Management LLC (1.97%), Invesco Ltd. (1.42%) and American Century Companies Inc. (1.31%). Company insiders that own Global Medical REIT stock include Henry Cole, Jeffrey Busch and Ronald Marston.
View institutional ownership trends for Global Medical REIT
.

Which institutional investors are selling Global Medical REIT stock?

GMRE stock was sold by a variety of institutional investors in the last quarter, including American Century Companies Inc., Marshall Wace LLP, Deprince Race & Zollo Inc., Renaissance Technologies LLC, Two Sigma Investments LP, Oppenheimer & Co. Inc., Morgan Stanley, and Invesco Ltd..
View insider buying and selling activity for Global Medical REIT
or view top insider-selling stocks.

Which institutional investors are buying Global Medical REIT stock?

GMRE stock was bought by a variety of institutional investors in the last quarter, including GEM Realty Capital, Meitav Dash Investments Ltd., Aew Capital Management L P, BlackRock Inc., Goldman Sachs Group Inc., Beck Capital Management LLC, Geode Capital Management LLC, and UBS Group AG. Company insiders that have bought Global Medical REIT stock in the last two years include Henry Cole, Jeffrey Busch, and Ronald Marston.
View insider buying and selling activity for Global Medical REIT
or or view top insider-buying stocks.

How do I buy shares of Global Medical REIT?

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

What is Global Medical REIT's stock price today?

One share of GMRE stock can currently be purchased for approximately $16.30.

How much money does Global Medical REIT make?

Global Medical REIT has a market capitalization of $1.05 billion and generates $93.73 million in revenue each year. The company earns $-1.92 million in net income (profit) each year or $0.15 on an earnings per share basis.

How many employees does Global Medical REIT have?

Global Medical REIT employs 22 workers across the globe.

What is Global Medical REIT's official website?

The official website for Global Medical REIT is www.globalmedicalreit.com.

Where are Global Medical REIT's headquarters?

Global Medical REIT is headquartered at 2 Bethesda Metro Center Suite 440, BETHESDA MD, 20814.

How can I contact Global Medical REIT?

Global Medical REIT's mailing address is 2 Bethesda Metro Center Suite 440, BETHESDA MD, 20814. The company can be reached via phone at (202) 524-6851 or via email at [email protected].


This page was last updated on 11/27/2021 by MarketBeat.com Staff

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