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S&P 500   5,088.80
DOW   39,131.53
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How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
Critical asset just had biggest fall on record (Ad)
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
Corruption scandals cast a shadow over Portugal’s early general election and may favor populists
Investing Wizard Who Turned $37K Into $2.7M in Just 4 Years Makes His Next Big Move (Ad)
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
SHOCKING Crypto Leak Reveal Crypto's Set To SURGE (Ad)
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
AT&T will give $5 to customers hit by cellphone network outage
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
Critical asset just had biggest fall on record (Ad)
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
Corruption scandals cast a shadow over Portugal’s early general election and may favor populists
Investing Wizard Who Turned $37K Into $2.7M in Just 4 Years Makes His Next Big Move (Ad)
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
SHOCKING Crypto Leak Reveal Crypto's Set To SURGE (Ad)
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
AT&T will give $5 to customers hit by cellphone network outage
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
Critical asset just had biggest fall on record (Ad)
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
Corruption scandals cast a shadow over Portugal’s early general election and may favor populists
Investing Wizard Who Turned $37K Into $2.7M in Just 4 Years Makes His Next Big Move (Ad)
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
SHOCKING Crypto Leak Reveal Crypto's Set To SURGE (Ad)
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
AT&T will give $5 to customers hit by cellphone network outage
NYSE:GMRE

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

$9.44
+0.07 (+0.75%)
(As of 02/23/2024 ET)
Today's Range
$9.28
$9.51
50-Day Range
$9.29
$11.53
52-Week Range
$8.04
$11.59
Volume
322,048 shs
Average Volume
322,144 shs
Market Capitalization
$618.98 million
P/E Ratio
37.76
Dividend Yield
8.90%
Price Target
$11.50

Global Medical REIT MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
21.8% Upside
$11.50 Price Target
Short Interest
Healthy
1.77% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.19
Upright™ Environmental Score
News Sentiment
0.22mentions of Global Medical REIT in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.30%
From $0.87 to $0.89 Per Share

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.

4.03 out of 5 stars

Finance Sector

307th out of 859 stocks

Real Estate Investment Trusts Industry

68th out of 181 stocks


GMRE stock logo

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.

GMRE Stock Price History

GMRE Stock News Headlines

City Office REIT (CIO) Q4 FFO Meet Estimates
The perfect AI stock under $10
Normally, bringing a new drug to market takes an average of 10 years and between $2.5 and $12 billion. However, new AI technology has the potential to make the process up to 1000 times faster. This #1 AI company is at the forefront of it all.
GMRE Mar 2024 10.000 put
Global Medical REIT Inc's Dividend Analysis
The perfect AI stock under $10
Normally, bringing a new drug to market takes an average of 10 years and between $2.5 and $12 billion. However, new AI technology has the potential to make the process up to 1000 times faster. This #1 AI company is at the forefront of it all.
GMRE.PR.A Global Medical REIT Inc. 7.50% CUM PFD A
Q3 2023 Global Medical REIT Inc Earnings Call
Plymouth Industrial (PLYM) Meets Q3 FFO Estimates
CTO Realty (CTO) Q3 FFO and Revenues Beat Estimates
See More Headlines
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Company Calendar

Last Earnings
5/04/2022
Ex-Dividend for 1/9 Dividend
12/26/2023
Dividend Payable
1/09/2024
Today
2/25/2024
Next Earnings (Confirmed)
2/27/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Fax
N/A
Employees
29
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$11.50
High Stock Price Target
$12.50
Low Stock Price Target
$11.00
Potential Upside/Downside
+21.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$19.14 million
Pretax Margin
15.95%

Debt

Sales & Book Value

Annual Sales
$137.28 million
Cash Flow
$1.12 per share
Book Value
$8.76 per share

Miscellaneous

Free Float
60,385,000
Market Cap
$618.98 million
Optionable
Optionable
Beta
1.17
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GMRE Stock Analysis - Frequently Asked Questions

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

1 Wall Street 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 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 price objectives for Global Medical REIT's stock. Their GMRE share price targets range from $11.00 to $12.50. On average, they expect the company's share price to reach $11.50 in the next year. This suggests a possible upside of 21.8% 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 2024?

Global Medical REIT's stock was trading at $11.10 at the beginning of the year. Since then, GMRE stock has decreased by 15.0% and is now trading at $9.44.
View the best growth stocks for 2024 here
.

Are investors shorting Global Medical REIT?

Global Medical REIT saw a increase in short interest in January. As of January 31st, there was short interest totaling 1,160,000 shares, an increase of 10.5% from the January 15th total of 1,050,000 shares. Based on an average trading volume of 335,900 shares, the days-to-cover ratio is currently 3.5 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 can I listen to Global Medical REIT's earnings call?

Global Medical REIT will be holding an earnings conference call on Wednesday, February 28th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13741161".

How were Global Medical REIT's earnings last quarter?

Global Medical REIT Inc. (NYSE:GMRE) issued its earnings results on Wednesday, May, 4th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.23 by $0.19. Global Medical REIT had a net margin of 12.09% and a trailing twelve-month return on equity of 3.10%. During the same quarter last year, the business 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 declared a quarterly dividend on Tuesday, December 12th. Stockholders of record on Wednesday, December 27th will be paid a dividend of $0.21 per share on Tuesday, January 9th. This represents a $0.84 annualized dividend and a dividend yield of 8.90%. The ex-dividend date is Tuesday, December 26th.
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 8.90%. GMRE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 94.38% 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), 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 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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.36%), Brown Advisory Inc. (2.11%), Royal Bank of Canada (1.88%), Nuveen Asset Management LLC (1.73%), Sound Income Strategies LLC (1.49%) and Dimensional Fund Advisors LP (1.30%). 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.

This page (NYSE:GMRE) was last updated on 2/25/2024 by MarketBeat.com Staff