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

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.

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.

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

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.

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.

ETFs with the largest weight of Global Medical REIT (NYSE:GMRE) stock in their portfolio include Invesco KBW Premium Yield Equity REIT ETF (KBWY), ALPS REIT Dividend Dogs ETF (RDOG), Hoya Capital High Dividend Yield ETF (RIET), Sound Enhanced Fixed Income ETF (SDEF), Arrow Dow Jones Global Yield ETF (GYLD), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV), iShares Residential and Multisector Real Estate ETF (REZ) and iShares Micro-Cap ETF (IWC).

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.

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).

(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.

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

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.

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.
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One share of GMRE stock can currently be purchased for approximately $8.83.

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.

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.