NYSE:GMREGlobal Medical REIT Stock Price, Forecast & News

Global Medical REIT's stock was trading at $12.41 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, GMRE stock has decreased by 10.1% and is now trading at $11.16. View which stocks have been most impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Global Medical REIT in the last year. There are currently 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Global Medical REIT.

Global Medical REIT is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Global Medical REIT.

Global Medical REIT Inc (NYSE:GMRE) issued its earnings results on Wednesday, May, 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by $0.17. The company earned $21.65 million during the quarter, compared to the consensus estimate of $21.04 million. Global Medical REIT had a net margin of 11.13% and a return on equity of 2.58%. View Global Medical REIT's earnings history.

Global Medical REIT announced a quarterly dividend on Friday, June 12th. Investors of record on Thursday, June 25th will be paid a dividend of $0.20 per share on Thursday, July 9th. This represents a $0.80 annualized dividend and a dividend yield of 7.17%. The ex-dividend date of this dividend is Wednesday, June 24th. View Global Medical REIT's dividend history.

6 Wall Street analysts have issued twelve-month price objectives for Global Medical REIT's shares. Their forecasts range from $12.00 to $17.00. On average, they expect Global Medical REIT's share price to reach $14.75 in the next year. This suggests a possible upside of 32.2% from the stock's current price. View analysts' price targets for Global Medical REIT.

News headlines about GMRE stock have been trending somewhat negative recently, InfoTrie Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Global Medical REIT earned a media sentiment score of -1.3 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news about Global Medical REIT.

Some companies that are related to Global Medical REIT include National Storage Affiliates Trust (NSA), Safestore (SFSHF), CYRELA BRAZIL R/S (CYRBY), Washington Real Estate Investment Trust (WRE), Brandywine Realty Trust (BDN), Uniti Group (UNIT), Ryman Hospitality Properties (RHP), Pebblebrook Hotel Trust (PEB), Easterly Government Properties (DEA), CHIMERA INVT CO/SH NEW (CIM), Paramount Group (PGRE), Four Corners Property Trust (FCPT), PennyMac Mortgage Investment Trust (PMT), American Assets Trust (AAT) and Caretrust REIT (CTRE). View all competitors.

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), Square (SQ), Big Lots (BIG), New Residential Investment (NRZ), Ready Capital (RC), AGNC Investment (AGNC), AT&T (T) and Energy Transfer LP Unit (ET).

(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.

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

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, Robinhood, Fidelity, and Charles Schwab.

One share of GMRE stock can currently be purchased for approximately $11.16.

Global Medical REIT has a market capitalization of $513.21 million and generates $70.73 million in revenue each year. The company earns $9.23 million in net income (profit) each year or $0.75 on an earnings per share basis.

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

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.