NYSE:GMRE Global Medical REIT (GMRE) Stock Price, News & Analysis $9.85 +0.22 (+2.28%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$9.74▼$9.8850-Day Range$8.66▼$9.8552-Week Range$7.98▼$11.59Volume210,074 shsAverage Volume383,231 shsMarket Capitalization$646.06 millionP/E Ratio42.83Dividend Yield8.53%Price Target$11.25 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Global Medical REIT alerts: Email Address Global Medical REIT MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside14.2% Upside$11.25 Price TargetShort InterestHealthy2.01% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-3.19Upright™ Environmental ScoreNews Sentiment0.50Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth4.82%From $0.83 to $0.87 Per ShareSee Full Details Hide Full Details 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.4.35 out of 5 starsFinance Sector184th out of 898 stocksReal Estate Investment Trusts Industry26th out of 181 stocks 2.5 Analyst's Opinion Consensus RatingGlobal Medical REIT has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Amount of Analyst CoverageGlobal Medical REIT has only been the subject of 1 research reports in the past 90 days.Read more about Global Medical REIT's stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.01% of the outstanding shares of Global Medical REIT have been sold short.Short Interest Ratio / Days to CoverGlobal Medical REIT has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Global Medical REIT has recently decreased by 5.71%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipGlobal Medical REIT is a leading dividend payer. It pays a dividend yield of 8.78%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthGlobal Medical REIT does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Global Medical REIT is 365.22%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Global Medical REIT will have a dividend payout ratio of 96.55% in the coming year. This indicates that Global Medical REIT may not be able to sustain their current dividend.Read more about Global Medical REIT's dividend. Previous Next 3.6 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreGlobal Medical REIT has received a 43.24% net impact score from Upright. Global Medical REIT seems to create the most significant positive value in categories "Taxes", "Jobs", and "Physical diseases". The positive contribution in the "Physical diseases" impact category is driven by its "Real estate funds investing in health centers" product. See details.Environmental SustainabilityThe Environmental Impact score for Global Medical REIT is -3.19. Previous Next 1.9 News and Social Media Coverage News SentimentGlobal Medical REIT has a news sentiment score of 0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Global Medical REIT this week, compared to 1 article on an average week.Search InterestOnly 6 people have searched for GMRE on MarketBeat in the last 30 days. This is a decrease of -45% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added Global Medical REIT to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Global Medical REIT insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 8.20% of the stock of Global Medical REIT is held by insiders.Percentage Held by Institutions57.52% of the stock of Global Medical REIT is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Global Medical REIT's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Global Medical REIT are expected to grow by 4.82% in the coming year, from $0.83 to $0.87 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Global Medical REIT is 42.83, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.45.Price to Earnings Ratio vs. SectorThe P/E ratio of Global Medical REIT is 42.83, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 57.14.Price to Earnings Growth RatioGlobal Medical REIT has a PEG Ratio of 1.44. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioGlobal Medical REIT has a P/B Ratio of 1.22. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Global Medical REIT's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto Swap Profits625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetched, but results like this are within reach with the right knowledge and timing in the altcoin market. Plus, you’ll get $10 in real Bitcoin when you stay to the end of the call and take a short quiz.>> Dive into the Workshop Here 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.Read More GMRE Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GMRE Stock News HeadlinesJuly 11, 2024 | marketbeat.comThese Landlords Pay Up to 22%. Can We Trust Them?I love the economics of real estate. But a landlord I’m not. Please, change your own lightbulb—don’t call me. Enter real estate investment trusts (REIJuly 26 at 5:18 PM | wsj.comGlobal Medical REIT Inc.July 27, 2024 | Unstoppable Prosperity (Ad)“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.July 19, 2024 | americanbankingnews.comComparing Global Medical REIT (NYSE:GMRE) and Clipper Realty (NYSE:CLPR)July 16, 2024 | businesswire.comGlobal Medical REIT Inc. Announces Dates for Second Quarter Earnings Release and WebcastJune 26, 2024 | seekingalpha.comGlobal Medical: The Yield Is Not Too Good To Be TrueMay 9, 2024 | seekingalpha.comGlobal Medical REIT: Better Q1 Than Expected, But Still A Cautious StanceMay 9, 2024 | finance.yahoo.comGlobal Medical REIT Inc. (NYSE:GMRE) Q1 2024 Earnings Call TranscriptJuly 27, 2024 | Unstoppable Prosperity (Ad)“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.May 9, 2024 | finance.yahoo.comGlobal Medical REIT Inc (GMRE) (Q1 2024) Earnings Call Transcript Highlights: Strategic ...May 9, 2024 | finance.yahoo.comQ1 2024 Global Medical REIT Inc Earnings CallMay 7, 2024 | uk.finance.yahoo.comGlobal Medical REIT Inc. Reports Modest Growth in Q1 2024 Amid Strategic AcquisitionsMay 7, 2024 | washingtonpost.comGlobal Medical REIT: Q1 Earnings SnapshotMay 7, 2024 | msn.comGMRE Stock Earnings: Global Medical REIT Misses EPS, Misses Revenue for Q1 2024May 7, 2024 | businesswire.comGlobal Medical REIT Announces First Quarter 2024 Financial ResultsMay 4, 2024 | seekingalpha.com4 Healthcare REITs On The Crest Of The Silver TsunamiApril 23, 2024 | businesswire.comGlobal Medical REIT Inc. Announces Dates for First Quarter Earnings Release and WebcastApril 16, 2024 | morningstar.comGlobal Medical REIT IncSee More Headlines Receive GMRE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Global Medical REIT and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/04/2022Ex-Dividend for 7/9 Dividend6/21/2024Dividend Payable7/09/2024Today7/26/2024Next Earnings (Confirmed)8/06/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryTrading Current SymbolNYSE:GMRE CUSIPN/A CIK1533615 Webwww.globalmedicalreit.com Phone(202) 524-6851FaxN/AEmployees30Year FoundedN/APrice Target and Rating Average Stock Price Target$11.25 High Stock Price Target$12.50 Low Stock Price Target$10.00 Potential Upside/Downside+14.2%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$0.23 Trailing P/E Ratio42.83 Forward P/E Ratio11.87 P/E Growth1.44Net Income$20.61 million Net Margins13.77% Pretax Margin15.63% Return on Equity3.54% Return on Assets1.50% Debt Debt-to-Equity Ratio1.14 Current Ratio0.22 Quick Ratio0.22 Sales & Book Value Annual Sales$141.05 million Price / Sales4.58 Cash Flow$1.29 per share Price / Cash Flow7.65 Book Value$8.10 per share Price / Book1.22Miscellaneous Outstanding Shares65,590,000Free Float60,210,000Market Cap$646.06 million OptionableOptionable Beta1.23 (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMr. Jeffrey M. Busch (Age 64)Chairman, President & CEO Comp: $979.22kMr. Robert J. Kiernan CPA (Age 58)CFO & Treasurer Comp: $559.16kMs. Danica C. Holley (Age 51)Chief Operating Officer Comp: $417.86kMr. Alfonzo Leon (Age 48)Chief Investment Officer Comp: $521.88kMr. Jamie A. Barber (Age 46)General Counsel & Corporate Secretary Comp: $389.64kMs. Mary JensenInvestor Relations ProfessionalMore ExecutivesKey CompetitorsArbor Realty TrustNYSE:ABRFour Corners Property TrustNYSE:FCPTLadder CapitalNYSE:LADRVeris ResidentialNYSE:VRESila Realty TrustNYSE:SILAView All CompetitorsInstitutional OwnershipBank of New York Mellon CorpBought 520,583 shares on 7/26/2024Ownership: 1.804%Allspring Global Investments Holdings LLCSold 84,505 shares on 7/26/2024Ownership: 0.221%Nisa Investment Advisors LLCSold 3,820 shares on 7/20/2024Ownership: 0.055%Sumitomo Mitsui Trust Holdings Inc.Sold 1,910 shares on 7/19/2024Ownership: 0.108%Royal Fund Management LLCSold 4,166 shares on 7/18/2024Ownership: 0.119%View All Institutional Transactions GMRE Stock Analysis - Frequently Asked Questions How have GMRE shares performed this year? Global Medical REIT's stock was trading at $11.10 at the beginning of 2024. Since then, GMRE stock has decreased by 11.3% and is now trading at $9.85. View the best growth stocks for 2024 here. 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 13.77% and a trailing twelve-month return on equity of 3.54%. 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 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 top institutional investors include Bank of New York Mellon Corp (1.80%), Allspring Global Investments Holdings LLC (0.22%), Royal Fund Management LLC (0.12%) and Sumitomo Mitsui Trust Holdings Inc. (0.11%). 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. What other stocks do shareholders of Global Medical REIT own? Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and Block (SQ). 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