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NYSE:GMRE

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

$8.90
+0.29 (+3.37%)
(As of 06/2/2023 ET)
Compare
Today's Range
$8.75
$8.93
50-Day Range
$8.10
$9.50
52-Week Range
$7.01
$13.22
Volume
330,637 shs
Average Volume
433,096 shs
Market Capitalization
$582.89 million
P/E Ratio
52.32
Dividend Yield
9.44%
Price Target
$13.00

Global Medical REIT MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
46.2% Upside
$13.00 Price Target
Short Interest
Healthy
2.21% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.19
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
10.23%
From $0.88 to $0.97 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.76 out of 5 stars

Finance Sector

240th out of 874 stocks

Real Estate Investment Trusts Industry

39th out of 191 stocks


GMRE stock logo

About Global Medical REIT (NYSE:GMRE) Stock

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

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GMRE Stock News Headlines

"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
Healthpeak (PEAK) Q1 FFO Meet Estimates
Global Medical REIT Inc. (NYSE:GMRE) Short Interest Update
See More Headlines

GMRE Price History

GMRE Company Calendar

Last Earnings
5/04/2022
Ex-Dividend for 4/11 Dividend
3/23/2023
Dividend Payable
4/11/2023
Today
6/02/2023
Next Earnings (Estimated)
8/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
26
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$13.00
High Stock Price Forecast
$17.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+47.2%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$19.14 million
Pretax Margin
12.63%

Debt

Sales & Book Value

Annual Sales
$137.28 million
Cash Flow
$1.13 per share
Book Value
$8.45 per share

Miscellaneous

Free Float
60,353,000
Market Cap
$578.63 million
Optionable
Optionable
Beta
1.06

Key Executives

  • 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













GMRE Stock - Frequently Asked Questions

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

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Global Medical REIT in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GMRE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GMRE, but not buy additional shares or sell existing shares.
View GMRE analyst ratings
or view top-rated stocks.

What is Global Medical REIT's stock price forecast for 2023?

4 Wall Street analysts have issued twelve-month target prices for Global Medical REIT's stock. Their GMRE share price forecasts range from $11.00 to $17.00. On average, they predict the company's stock price to reach $13.00 in the next year. This suggests a possible upside of 47.2% 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 2023?

Global Medical REIT's stock was trading at $9.48 at the beginning of 2023. Since then, GMRE stock has decreased by 6.9% and is now trading at $8.83.
View the best growth stocks for 2023 here
.

When is Global Medical REIT's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our GMRE earnings forecast
.

How were Global Medical REIT's earnings last quarter?

Global Medical REIT Inc. (NYSE:GMRE) issued its quarterly earnings results on Wednesday, May, 4th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by $0.19. Global Medical REIT had a net margin of 10.42% and a trailing twelve-month return on equity of 2.58%. During the same quarter in the prior year, the company posted $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 announced a quarterly dividend on Friday, March 10th. Stockholders of record on Friday, March 24th will be paid a dividend of $0.21 per share on Tuesday, April 11th. This represents a $0.84 annualized dividend and a yield of 9.51%. The ex-dividend date of this dividend is Thursday, March 23rd.
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 9.63%. GMRE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 494.12%. 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 86.60% 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 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), 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) and Medical Properties Trust (MPW).

When did Global Medical REIT IPO?

(GMRE) raised $130 million in an IPO on Wednesday, June 29th 2016. The company issued 13,000,000 shares at $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.

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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.51%), State Street Corp (2.95%), Geode Capital Management LLC (2.08%), Brown Advisory Inc. (1.83%), Bank of New York Mellon Corp (1.49%) and State of New Jersey Common Pension Fund D (1.39%). Insiders that own company stock include Henry Cole, Jeffrey Busch and Ronald Marston.
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 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 $8.83.

How much money does Global Medical REIT make?

Global Medical REIT (NYSE:GMRE) has a market capitalization of $578.63 million and generates $137.28 million in revenue each year. The company earns $19.14 million in net income (profit) each year or $0.17 on an earnings per share basis.

How can I contact Global Medical REIT?

Global Medical REIT's mailing address is 2 Bethesda Metro Center Suite 440, BETHESDA MD, 20814. The official website for the company is www.globalmedicalreit.com. The company can be reached via phone at (202) 524-6851 or via email at investors@globalmedicalreit.com.

This page (NYSE:GMRE) was last updated on 6/2/2023 by MarketBeat.com Staff

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