NYSE:GMRE - Global Medical REIT Stock Price, News, & Analysis

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$9.71 -0.18 (-1.82 %)
(As of 12/10/2018 02:22 AM ET)
Previous Close$9.71
Today's Range$9.68 - $9.96
52-Week Range$6.34 - $10.05
Volume88,942 shs
Average Volume86,890 shs
Market Capitalization$213.88 million
P/E Ratio17.98
Dividend Yield8.24%
Beta0.52
Global Medical REIT, Inc. operates as a development stage company that intends to develop and manage a portfolio of healthcare real estate assets and properties. The company was founded on March 18, 2011 and is headquartered in Bethesda, MD.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:GMRE
Previous Symbol
CUSIPN/A
Phone202-524-6851

Debt

Debt-to-Equity Ratio1.66
Current Ratio0.09
Quick Ratio0.09

Price-To-Earnings

Trailing P/E Ratio17.98
Forward P/E Ratio12.29
P/E Growth1.37

Sales & Book Value

Annual Sales$30.34 million
Price / Sales7.05
Cash Flow$0.5229 per share
Price / Cash Flow18.57
Book Value$8.51 per share
Price / Book1.14

Profitability

EPS (Most Recent Fiscal Year)$0.54
Net Income$-30,000.00
Net Margins9.87%
Return on Equity2.65%
Return on Assets0.87%

Miscellaneous

Employees9
Outstanding Shares22,030,000
Market Cap$213.88 million
OptionableOptionable

Global Medical REIT (NYSE:GMRE) Frequently Asked Questions

What is Global Medical REIT's stock symbol?

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

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 Tuesday, September 11th. Shareholders of record on Thursday, September 20th will be given a dividend of $0.20 per share on Wednesday, October 10th. This represents a $0.80 annualized dividend and a yield of 8.24%. The ex-dividend date is Wednesday, September 19th. View Global Medical REIT's Dividend History.

How were Global Medical REIT's earnings last quarter?

Global Medical REIT Inc (NYSE:GMRE) posted its earnings results on Monday, November, 5th. The company reported $0.01 EPS for the quarter, missing the Zacks' consensus estimate of $0.23 by $0.22. The firm earned $14 million during the quarter, compared to analyst estimates of $14.34 million. Global Medical REIT had a return on equity of 2.65% and a net margin of 9.87%. View Global Medical REIT's Earnings History.

When is Global Medical REIT's next earnings date?

Global Medical REIT is scheduled to release their next quarterly earnings announcement on Wednesday, March 6th 2019. View Earnings Estimates for Global Medical REIT.

What price target have analysts set for GMRE?

5 Wall Street analysts have issued 12 month price objectives for Global Medical REIT's stock. Their forecasts range from $8.00 to $12.00. On average, they expect Global Medical REIT's stock price to reach $10.60 in the next twelve months. This suggests a possible upside of 9.2% from the stock's current price. View Analyst Price Targets for Global Medical REIT.

What is the consensus analysts' recommendation for Global Medical REIT?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Global Medical REIT in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Global Medical REIT.

What are Wall Street analysts saying about Global Medical REIT stock?

Here are some recent quotes from research analysts about Global Medical REIT stock:
  • 1. According to Zacks Investment Research, "Global Medical REIT Inc. is engaged primarily in the acquisition of licensed, state-of-the-art, purpose-built healthcare facilities and the leasing of these facilities to clinical operators. Global Medical REIT Inc. is based in Denver, United States. " (11/9/2018)
  • 2. Cantor Fitzgerald analysts commented, "GMRE reported in-line 4Q17 results in a relatively clean but active quarter in terms of M&A and balance sheet developments." (3/7/2018)

Has Global Medical REIT been receiving favorable news coverage?

News articles about GMRE stock have trended somewhat positive recently, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Global Medical REIT earned a news impact score of 0.8 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days.

Who are some of Global Medical REIT's key competitors?

Who are Global Medical REIT's key executives?

Global Medical REIT's management team includes the folowing people:
  • Jeffrey Mark Busch, Chairman, President & Chief Executive Officer
  • Danica Holley, Chief Operating Officer
  • Robert J. Kiernan, Chief Financial Officer & Treasurer
  • Alfonzo Leon, Chief Investment Officer
  • Allen E. Webb, Senior VP-SEC Reporting & Technical Accounting

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 a price of $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 of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.72%), Vanguard Group Inc. (4.08%), State of New Jersey Common Pension Fund D (2.02%), Pacific Ridge Capital Partners LLC (1.76%), Man Group plc (1.34%) and Bank of New York Mellon Corp (0.88%). Company insiders that own Global Medical REIT stock include Henry Cole, Jeffrey Busch, Matthew Cypher and Ronald Marston. View Institutional Ownership Trends for Global Medical REIT.

Which major investors are selling Global Medical REIT stock?

GMRE stock was sold by a variety of institutional investors in the last quarter, including GSA Capital Partners LLP, Pacific Ridge Capital Partners LLC, TIAA CREF Investment Management LLC, Renaissance Technologies LLC, JPMorgan Chase & Co., D.A. Davidson & CO., Janney Montgomery Scott LLC and Rational Advisors LLC. View Insider Buying and Selling for Global Medical REIT.

Which major investors are buying Global Medical REIT stock?

GMRE stock was bought by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Chicago Equity Partners LLC, Man Group plc, Martingale Asset Management L P, B. Riley Wealth Management Inc., State of New Jersey Common Pension Fund D, BlackRock Inc. and Dimensional Fund Advisors LP. Company insiders that have bought Global Medical REIT stock in the last two years include Henry Cole, Jeffrey Busch, Matthew Cypher and Ronald Marston. View Insider Buying and Selling for Global Medical REIT.

How do I buy shares of Global Medical REIT?

Shares of GMRE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Global Medical REIT's stock price today?

One share of GMRE stock can currently be purchased for approximately $9.71.

How big of a company is Global Medical REIT?

Global Medical REIT has a market capitalization of $213.88 million and generates $30.34 million in revenue each year. The company earns $-30,000.00 in net income (profit) each year or $0.54 on an earnings per share basis. Global Medical REIT employs 9 workers across the globe.

What is Global Medical REIT's official website?

The official website for Global Medical REIT is http://www.globalmedicalreit.com.

How can I contact Global Medical REIT?

Global Medical REIT's mailing address is 2 Bethesda Metro Center Suite 440, BETHESDA MD, 20814. The company can be reached via phone at 202-524-6851.


MarketBeat Community Rating for Global Medical REIT (NYSE GMRE)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  170 (Vote Outperform)
Underperform Votes:  189 (Vote Underperform)
Total Votes:  359
MarketBeat's community ratings are surveys of what our community members think about Global Medical REIT and other stocks. Vote "Outperform" if you believe GMRE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GMRE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/10/2018 by MarketBeat.com Staff

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