NYSE:GMRE Global Medical REIT (GMRE) Stock Forecast, Price & News $9.24 -0.01 (-0.11%) (As of 06/9/2023 ET) Add Compare Share Share Today's Range$9.15▼$9.2650-Day Range$8.10▼$9.5052-Week Range$7.01▼$12.50Volume230,536 shsAverage Volume344,024 shsMarket Capitalization$605.50 millionP/E Ratio54.35Dividend Yield9.09%Price Target$13.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Global Medical REIT MarketRank™ ForecastAnalyst RatingHold2.25 Rating ScoreUpside/Downside40.7% Upside$13.00 Price TargetShort InterestHealthy2.21% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-3.19Upright™ Environmental ScoreNews Sentiment1.07Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth10.23%From $0.88 to $0.97 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.2.86 out of 5 starsFinance Sector172nd out of 839 stocksReal Estate Investment Trusts Industry19th out of 184 stocks 3.1 Analyst's Opinion Consensus RatingGlobal Medical REIT has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $13.00, Global Medical REIT has a forecasted upside of 40.7% from its current price of $9.24.Amount of Analyst CoverageGlobal Medical REIT has received no research coverage in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.21% 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 3.3, 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 3.33%, indicating that investor sentiment is improving. Previous Next 1.7 Dividend Strength Dividend LeadershipGlobal Medical REIT is a leading dividend payer. It pays a dividend yield of 9.08%, 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 494.12%. 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 86.60% 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 3.4 News and Social Media Coverage News SentimentGlobal Medical REIT has a news sentiment score of 1.07. 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 higher news sentiment than the 0.86 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Global Medical REIT this week, compared to 2 articles on an average week.Search InterestOnly 1 people have searched for GMRE on MarketBeat in the last 30 days. This is a decrease of -94% compared to the previous 30 days.MarketBeat Follows8 people have added Global Medical REIT to their MarketBeat watchlist in the last 30 days. This is an increase of 14% compared to the previous 30 days. Previous Next 1.7 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 Institutions65.08% 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 2.5 Earnings and Valuation Earnings GrowthEarnings for Global Medical REIT are expected to grow by 10.23% in the coming year, from $0.88 to $0.97 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Global Medical REIT is 54.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.49.Price to Earnings Ratio vs. SectorThe P/E ratio of Global Medical REIT is 54.35, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 146.60.Price to Earnings Growth RatioGlobal Medical REIT has a PEG Ratio of 1.31. 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 1.05. 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 (NYSE:GMRE) StockGlobal 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.Read More 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 GMRE Stock News HeadlinesJune 9, 2023 | finance.yahoo.comGlobal Medical REIT Inc. Board Declares 2023 Second Quarter Common and Preferred DividendsMay 21, 2023 | americanbankingnews.comStockNews.com Begins Coverage on Global Medical REIT (NYSE:GMRE)June 10, 2023 | Behind the Markets (Ad)Small A.I. Firm Wins $2 Billion in Contracts for Breakthrough "Living Software"Denver firm proves its possible to use AI to save the lives of soldiers in combat. England, Germany, Japan and Australia have all signed contracts within the past 18 months. Get the name of the stock here >>>May 13, 2023 | americanbankingnews.comResearch Analysts Set Expectations for Global Medical REIT Inc.'s Q2 2023 Earnings (NYSE:GMRE)May 10, 2023 | americanbankingnews.comQ1 2024 Earnings Estimate for Global Medical REIT Inc. Issued By B. Riley (NYSE:GMRE)May 9, 2023 | msn.comGlobal Medical REIT Enters Deep Value Territory But Doesn't BelongMay 8, 2023 | msn.comB. Riley Securities Maintains Global Medical REIT (GMRE) Buy RecommendationMay 8, 2023 | americanbankingnews.comB. Riley Lowers Global Medical REIT (NYSE:GMRE) Price Target to $11.00June 10, 2023 | Behind the Markets (Ad)Small A.I. Firm Wins $2 Billion in Contracts for Breakthrough "Living Software"Denver firm proves its possible to use AI to save the lives of soldiers in combat. England, Germany, Japan and Australia have all signed contracts within the past 18 months. Get the name of the stock here >>>May 8, 2023 | americanbankingnews.comGlobal Medical REIT (NYSE:GMRE) Given New $11.00 Price Target at Stifel NicolausMay 4, 2023 | msn.comEnvision's Potential Bankruptcy May Trigger A Sell-Off For Community Healthcare Trust And Global Medical REITMay 4, 2023 | seekingalpha.comGlobal Medical REIT Inc. 2023 Q1 - Results - Earnings Call PresentationMay 4, 2023 | msn.comGlobal Medical REIT: From Buy To Hold After Q1 Results (Rating Downgrade)May 4, 2023 | markets.businessinsider.comColliers Securities Keeps Their Buy Rating on Global Medical REIT (GMRE)May 4, 2023 | finance.yahoo.comGlobal Medical REIT (GMRE) Misses Q1 FFO and Revenue EstimatesMay 4, 2023 | finance.yahoo.comGlobal Medical REIT (GMRE) Misses Q1 FFO and Revenue EstimatesMay 3, 2023 | markets.businessinsider.comBMO Capital Keeps Their Hold Rating on Global Medical REIT (GMRE)May 3, 2023 | finance.yahoo.comGlobal Medical REIT Announces First Quarter 2023 Financial ResultsMay 2, 2023 | americanbankingnews.comGlobal Medical REIT (GMRE) to Release Quarterly Earnings on WednesdayApril 28, 2023 | finance.yahoo.comHealthpeak (PEAK) Q1 FFO Meet EstimatesApril 15, 2023 | americanbankingnews.comHoward Hughes (NYSE:HHC) versus Global Medical REIT (NYSE:GMRE) Financial ComparisonApril 10, 2023 | seekingalpha.comGlobal Medical REIT: Grab This 9.1% Yielding REIT Out Of The Bargain BinApril 5, 2023 | americanbankingnews.comGlobal Medical REIT Inc. (NYSE:GMRE) Given Consensus Recommendation of "Hold" by AnalystsApril 2, 2023 | americanbankingnews.comGlobal Medical REIT Inc. (NYSE:GMRE) Short Interest UpdateMarch 29, 2023 | finance.yahoo.comIs the Options Market Predicting a Spike in Global Medical REIT (GMRE) Stock?March 28, 2023 | seekingalpha.comGlobal Medical REIT: 10% Yield With Resilient FundamentalsMarch 21, 2023 | americanbankingnews.comGlobal Medical REIT Inc. Announces Quarterly Dividend of $0.21 (NYSE:GMRE)See More Headlines GMRE Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GMRE Company Calendar Last Earnings5/04/2022Ex-Dividend for 4/11 Dividend3/23/2023Dividend Payable4/11/2023Today6/10/2023Ex-Dividend for 7/11 Dividend6/22/2023Dividend Payable7/11/2023Next Earnings (Estimated)8/02/2023Fiscal Year End12/31/2023Get 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/AEmployees26Year FoundedN/APrice Target and Rating Average Stock Price Forecast$13.00 High Stock Price Forecast$17.00 Low Stock Price Forecast$11.00 Forecasted Upside/Downside+40.7%Consensus RatingHold Rating Score (0-4)2.25 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$0.17 Trailing P/E Ratio54.35 Forward P/E Ratio10.50 P/E Growth1.31Net Income$19.14 million Net Margins10.42% Pretax Margin12.63% Return on Equity2.58% Return on Assets1.07% Debt Debt-to-Equity Ratio1.16 Current Ratio0.20 Quick Ratio0.20 Sales & Book Value Annual Sales$137.28 million Price / Sales4.41 Cash Flow$1.12 per share Price / Cash Flow8.28 Book Value$8.76 per share Price / Book1.05Miscellaneous Outstanding Shares65,530,000Free Float60,353,000Market Cap$605.50 million OptionableOptionable Beta1.06 Key ExecutivesJeffrey Mark BuschChairman, President & Chief Executive OfficerDanica HolleyChief Operating OfficerRobert J. KiernanChief Financial Officer & TreasurerAlfonzo LeonChief Investment OfficerAllen E. WebbSenior VP-SEC Reporting & Technical AccountingKey CompetitorsGladstone LandNASDAQ:LANDUniversal Health Realty Income TrustNYSE:UHTFarmland PartnersNYSE:FPIBroadmark Realty CapitalNYSE:BRMKTPG RE Finance TrustNYSE:TRTXView All CompetitorsInstitutional OwnershipToroso Investments LLCBought 2,681 shares on 5/23/2023Ownership: 0.036%JPMorgan Chase & Co.Sold 13,707 shares on 5/18/2023Ownership: 0.519%New York State Common Retirement FundSold 10,168 shares on 5/18/2023Ownership: 0.174%Advisory Services Network LLCSold 9,469 shares on 5/17/2023Ownership: 0.143%B. Riley Wealth Advisors Inc.Bought 13,711 shares on 5/17/2023Ownership: 0.140%View All Institutional Transactions GMRE Stock - Frequently Asked Questions Should I buy or sell Global Medical REIT stock right now? 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Global Medical REIT in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 analysts have issued 12-month target prices for Global Medical REIT's shares. Their GMRE share price forecasts range from $11.00 to $17.00. On average, they expect the company's share price to reach $13.00 in the next twelve months. This suggests a possible upside of 40.7% 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 the year. Since then, GMRE stock has decreased by 2.5% and is now trading at $9.24. 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) released its quarterly earnings data on Wednesday, May, 4th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.23 by $0.19. Global Medical REIT had a trailing twelve-month return on equity of 2.58% and a net margin of 10.42%. During the same quarter last year, the firm 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 announced a quarterly dividend on Friday, June 9th. Investors of record on Friday, June 23rd will be paid a dividend of $0.21 per share on Tuesday, July 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.09%. The ex-dividend date of this dividend is Thursday, June 22nd. 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 (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). 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 9.08%. 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 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 IPO on Wednesday, June 29th 2016. The company issued 13,000,000 shares at a price of $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 many different retail and institutional investors. Top institutional shareholders 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 $9.24. How much money does Global Medical REIT make? Global Medical REIT (NYSE:GMRE) has a market capitalization of $605.50 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 6/10/2023 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. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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