Global Medical REIT Stock Price, News & Analysis (NYSE:GMRE) $10.34 +0.31 (+3.09%) (As of 12/1/2023 08:54 PM ET) Add Compare Share Share Today's Range$9.99▼$10.3450-Day Range$8.44▼$10.3452-Week Range$8.04▼$11.79Volume357,200 shsAverage Volume365,125 shsMarket Capitalization$677.99 millionP/E Ratio41.36Dividend Yield8.12%Price Target$11.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Global Medical REIT MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside11.2% Upside$11.50 Price TargetShort InterestBearish2.00% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-3.19Upright™ Environmental ScoreNews Sentiment0.32Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth2.33%From $0.86 to $0.88 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.05 out of 5 starsFinance Sector567th out of 824 stocksReal Estate Investment Trusts Industry107th out of 168 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.Price Target Upside/DownsideAccording to analysts' consensus price target of $11.50, Global Medical REIT has a forecasted upside of 11.2% from its current price of $10.34.Amount of Analyst CoverageGlobal Medical REIT has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted2.00% 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 4.5.Change versus previous monthShort interest in Global Medical REIT has recently increased by 13.91%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipGlobal Medical REIT is a leading dividend payer. It pays a dividend yield of 8.12%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthGlobal Medical REIT has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Global Medical REIT is 336.00%. 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 95.45% in the coming year. This indicates that Global Medical REIT may not be able to sustain their current 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 2.4 News and Social Media Coverage News SentimentGlobal Medical REIT has a news sentiment score of 0.32. 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 is a lower news sentiment than the 0.67 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Global Medical REIT this week, compared to 2 articles on an average week.Search Interest7 people have searched for GMRE on MarketBeat in the last 30 days. This is an increase of 17% compared to the previous 30 days.MarketBeat Follows3 people have added Global Medical REIT to their MarketBeat watchlist in the last 30 days. This is an increase of 50% 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 7.90% of the stock of Global Medical REIT is held by insiders.Percentage Held by Institutions56.46% 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. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Global Medical REIT are expected to grow by 2.33% in the coming year, from $0.86 to $0.88 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Global Medical REIT is 41.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 108.93.Price to Earnings Ratio vs. SectorThe P/E ratio of Global Medical REIT is 41.36, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 30.16.Price to Book Value per Share RatioGlobal Medical REIT has a P/B Ratio of 1.21. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks 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 HeadlinesDecember 3, 2023 | marketbeat.comREITs Could Rebound. Will These Yields Up to 14.9% Join the Party?November 16, 2023 | seekingalpha.comGMRE.PR.A Global Medical REIT Inc. 7.50% CUM PFD ADecember 4, 2023 | DTI Trader (Ad)New CBOE “special perk” helps traders target income every weekendYou might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange. November 8, 2023 | finance.yahoo.comGlobal Medical REIT Inc. (NYSE:GMRE) Q3 2023 Earnings Call TranscriptNovember 8, 2023 | finance.yahoo.comQ3 2023 Global Medical REIT Inc Earnings CallNovember 7, 2023 | finance.yahoo.comGlobal Medical REIT Inc (GMRE) Reports Q3 2023 Earnings, Reveals $15.November 7, 2023 | seekingalpha.comGlobal Medical REIT Inc. 2023 Q3 - Results - Earnings Call PresentationNovember 6, 2023 | finance.yahoo.comGlobal Medical REIT Announces Third Quarter 2023 Financial ResultsDecember 4, 2023 | DTI Trader (Ad)New CBOE “special perk” helps traders target income every weekendYou might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange. November 6, 2023 | finance.yahoo.comGlobal Medical REIT Inc (GMRE) Reports Q3 2023 Earnings, Reveals $15. ...November 2, 2023 | finance.yahoo.comPlymouth Industrial (PLYM) Meets Q3 FFO EstimatesOctober 26, 2023 | finance.yahoo.comCTO Realty (CTO) Q3 FFO and Revenues Beat EstimatesOctober 16, 2023 | seekingalpha.comGlobal Medical: 7.7% Yielding Preferreds Are Expensive, A Look At AlternativesSeptember 21, 2023 | finance.yahoo.comGlobal Medical REIT Inc's Dividend Performance: A Comprehensive AnalysisSeptember 13, 2023 | msn.comGlobal Medical REIT: Different Strategy, Attractive AlternativeSeptember 10, 2023 | msn.comGlobal Medical REIT: Revisiting Dividend Assumption After Q2 ResultsSeptember 8, 2023 | finance.yahoo.comGlobal Medical REIT Inc. Board Declares 2023 Third Quarter Common and Preferred DividendsSeptember 1, 2023 | incomeinvestors.comGlobal Medical REIT Stock: 8.6%-Yielder Up 7% in 2023 & Has 30% UpsideSeptember 1, 2023 | msn.comGlobal Medical REIT (GMRE) Price Target Increased by 5.76% to 11.37August 8, 2023 | msn.comGlobal Medical REIT: Exited Position As Discount To NAV ClosedAugust 5, 2023 | finance.yahoo.comGlobal Medical REIT Inc. (NYSE:GMRE) Q2 2023 Earnings Call TranscriptAugust 4, 2023 | msn.comGlobal Medical REIT: Higher For Longer Scenarios Will Stress The REITAugust 4, 2023 | finance.yahoo.comQ2 2023 Global Medical REIT Inc Earnings CallAugust 3, 2023 | seekingalpha.comGlobal Medical REIT Inc. 2023 Q2 - Results - Earnings Call PresentationAugust 3, 2023 | markets.businessinsider.comAnalysts Offer Insights on NA Companies: MGM Resorts (MGM) and Global Medical REIT (GMRE)August 3, 2023 | finance.yahoo.comGlobal Medical REIT Announces Second Quarter 2023 Financial ResultsAugust 3, 2023 | finance.yahoo.comGlobal Medical REIT (GMRE) Misses Q2 FFO and Revenue EstimatesSee 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 10/10 Dividend9/21/2023Dividend Payable10/10/2023Today12/03/2023Fiscal Year End12/31/2023Next Earnings (Estimated)2/27/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryN/A SectorFinance Current SymbolNYSE:GMRE CUSIPN/A CIK1533615 Webwww.globalmedicalreit.com Phone(202) 524-6851FaxN/AEmployees29Year FoundedN/APrice Target and Rating Average Stock Price Target$11.50 High Stock Price Target$12.50 Low Stock Price Target$11.00 Potential Upside/Downside+11.2%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$0.25 Trailing P/E Ratio41.36 Forward P/E Ratio12.02 P/E GrowthN/ANet Income$19.14 million Net Margins12.09% Pretax Margin15.95% Return on Equity3.10% Return on Assets1.30% Debt Debt-to-Equity Ratio1.01 Current Ratio0.11 Quick Ratio0.11 Sales & Book Value Annual Sales$137.28 million Price / Sales4.94 Cash Flow$1.12 per share Price / Cash Flow9.26 Book Value$8.52 per share Price / Book1.21Miscellaneous Outstanding Shares65,570,000Free Float60,385,000Market Cap$677.99 million OptionableOptionable Beta1.12 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.Get This Free Report Key ExecutivesMr. Jeffery M. Busch (Age 63)Chairman, Pres & CEO Comp: $979.22kMr. Robert J. Kiernan CPA (Age 57)CFO & Treasurer Comp: $559.16kMs. Danica C. Holley (Age 50)Chief Operating Officer Comp: $417.86kMr. Alfonzo Leon (Age 47)Chief Investment Officer Comp: $521.88kMr. Jamie A. Barber (Age 46)Gen. Counsel & Corp. Sec. Comp: $389.64kMs. Mary JensenInvestor Relations ProfessionalMore ExecutivesKey CompetitorsDynex CapitalNYSE:DXPeakstone Realty TrustNYSE:PKSTSummit Hotel PropertiesNYSE:INNFarmland PartnersNYSE:FPICommunity Healthcare TrustNYSE:CHCTView All CompetitorsInstitutional OwnershipB. Riley Wealth Advisors Inc.Sold 8,584 shares on 12/1/2023Ownership: 0.130%Deutsche Bank AGSold 21,405 shares on 11/24/2023Ownership: 0.070%Connors Investor Services Inc.Sold 1,090 shares on 11/22/2023Ownership: 0.475%Public Employees Retirement System of OhioBought 6,598 shares on 11/16/2023Ownership: 0.135%Penserra Capital Management LLCBought 6,996 shares on 11/16/2023Ownership: 0.085%View All Institutional Transactions GMRE Stock Analysis - Frequently Asked Questions Should I buy or sell Global Medical REIT stock right now? 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Global Medical REIT in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research 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 equities research analysts have issued 1 year target prices for Global Medical REIT's shares. Their GMRE share price targets range from $11.00 to $12.50. On average, they expect the company's stock price to reach $11.50 in the next year. This suggests a possible upside of 11.2% 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 start of the year. Since then, GMRE shares have increased by 9.1% and is now trading at $10.34. View the best growth stocks for 2023 here. Are investors shorting Global Medical REIT? Global Medical REIT saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 1,310,000 shares, an increase of 13.9% from the October 31st total of 1,150,000 shares. Based on an average daily volume of 289,600 shares, the days-to-cover ratio is currently 4.5 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 Tuesday, February 27th 2024. View our GMRE earnings forecast. How were Global Medical REIT's earnings last quarter? Global Medical REIT Inc. (NYSE:GMRE) announced its earnings results on Wednesday, May, 4th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by $0.19. Global Medical REIT had a trailing twelve-month return on equity of 3.10% and a net margin of 12.09%. During the same quarter in the prior year, the business 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 Friday, September 8th. Investors of record on Friday, September 22nd will be given a dividend of $0.21 per share on Tuesday, October 10th. This represents a $0.84 dividend on an annualized basis and a yield of 8.12%. The ex-dividend date is Thursday, September 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 8.12%. 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 336.00%. 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 95.45% 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? 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 (FXED), Sound Enhanced Fixed Income ETF (SDEF) and Arrow Dow Jones Global Yield ETF (GYLD).iShares Residential and Multisector Real Estate ETF (REZ). 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? (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 number of retail and institutional investors. Top institutional investors include Brown Advisory Inc. (2.17%), Royal Bank of Canada (1.86%), Invesco Ltd. (1.57%), Sound Income Strategies LLC (1.39%), State of New Jersey Common Pension Fund D (1.33%) and Stifel Financial Corp (1.28%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. This page (NYSE:GMRE) was last updated on 12/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Global Medical REIT Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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