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

$8.09 -0.07 (-0.86 %)
(As of 01/16/2018 04:00 PM ET)
Previous Close$8.09
Today's Range$8.04 - $8.35
52-Week Range$7.85 - $10.25
Volume184,912 shs
Average Volume304,924 shs
Market Capitalization$174.99 million
P/E Ratio-40.45
Dividend Yield9.89%
Beta-48.24

About Global Medical REIT (NYSE:GMRE)

Global Medical REIT logoGlobal Medical REIT Inc. is engaged primarily in the acquisition of licensed, purpose-built healthcare facilities and the leasing of these facilities to clinical operators with market share. The Company’s strategy is to produce increasing, reliable rental revenue by expanding its portfolio, and leasing its healthcare facilities to market operators under long-term triple-net leases.

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Industry, Sector and Symbol

Industry Healthcare REITs
Sub-IndustryN/A
SectorFinancials
SymbolNYSE:GMRE
CUSIPN/A
Phone+1-202-5246851

Debt

Debt-to-Equity Ratio0.72%
Current Ratio0.22%
Quick Ratio0.22%

Price-To-Earnings

Trailing P/E Ratio-40.45
Forward P/E Ratio24.52
P/E Growth1.33

Sales & Book Value

Annual Sales$8.21 million
Price / Sales21.31
Cash FlowN/A
Price / CashN/A
Book Value$8.81 per share
Price / Book0.92

Profitability

Trailing EPS($0.20)
Net Income$-6,350,000.00
Net Margins-19.98%
Return on Equity-2.86%
Return on Assets-1.39%

Miscellaneous

Employees10
Outstanding Shares21,630,000

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 Friday, December 15th. Investors of record on Tuesday, December 26th will be given a dividend of $0.20 per share on Wednesday, January 10th. This represents a $0.80 dividend on an annualized basis and a yield of 9.89%. The ex-dividend date is Friday, December 22nd. View Global Medical REIT's Dividend History.

How were Global Medical REIT's earnings last quarter?

Global Medical REIT Inc (NYSE:GMRE) released its quarterly earnings results on Thursday, November, 9th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.12 by $0.10. Global Medical REIT had a negative net margin of 19.98% and a negative return on equity of 2.86%. View Global Medical REIT's Earnings History.

When will Global Medical REIT make its next earnings announcement?

Global Medical REIT is scheduled to release their next quarterly earnings announcement on Monday, March, 26th 2018. View Earnings Estimates for Global Medical REIT.

Where is Global Medical REIT's stock going? Where will Global Medical REIT's stock price be in 2018?

6 equities research analysts have issued twelve-month target prices for Global Medical REIT's shares. Their forecasts range from $10.00 to $12.00. On average, they expect Global Medical REIT's stock price to reach $10.75 in the next year. 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. " (1/9/2018)
  • 2. FBR & Co analysts commented, "We are transferring coverage of Global Medical REIT to Bryan Maher due to a reallocation of research resources. Global Medical REIT is a young, albeit fast- growing, healthcare REIT that focuses on acquiring state-of-the-art medical office buildings (MOBs), outpatient and licensed medical facilities, which are leased to single tenants on a net lease basis. The portfolio currently encompasses 48 facilities, net leased to 39 tenants, and spans 1.12M square feet of leasable space. The facilities are among the youngest in the healthcare REIT universe (~12 years on average) and have an average of nine years remaining on their lease terms. The REIT recently completed a preferred share stock offering, netting ~$75M, which, when combined with existing cash, line availability, and leverage, could drive ~$200M in acquisitions over the next few quarters." (9/18/2017)

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 Busch, Chairman of the Board, President, Chief Executive Officer (Age 57)
  • Robert J. Kiernan, Chief Financial Officer, Treasurer (Age 51)
  • Danica Holley, Chief Operating Officer (Age 43)
  • Mark W. Kennedy, Senior Vice President - Business Development
  • Alfonzo Leon, Chief Investment Officer (Age 40)
  • Conn Flanigan, General Counsel, Secretary (Age 48)
  • Allen Webb, Executive Officer (Age 47)
  • Henry Cole, Lead Independent Director (Age 71)
  • Matthew Cypher Ph.D., Director
  • Kurt R. Harrington, Director (Age 63)

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.

How do I buy Global Medical REIT stock?

Shares of Global Medical REIT 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 Global Medical REIT stock can currently be purchased for approximately $8.09.

How big of a company is Global Medical REIT?

Global Medical REIT has a market capitalization of $174.99 million and generates $8.21 million in revenue each year. The company earns $-6,350,000.00 in net income (profit) each year or ($0.20) on an earnings per share basis. Global Medical REIT employs 10 workers across the globe.

How can I contact Global Medical REIT?

Global Medical REIT's mailing address is 4800 Montgomery Ln Ste 450, BETHESDA, MD 20814-3692, United States. The company can be reached via phone at +1-202-5246851.


MarketBeat Community Rating for Global Medical REIT (GMRE)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  100 (Vote Outperform)
Underperform Votes:  132 (Vote Underperform)
Total Votes:  232
MarketBeat's community ratings are surveys of what our community members think about Global Medical REIT and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Global Medical REIT (NYSE:GMRE) Analysts' Consensus Rating

  (How are Consensus Ratings Calculated?)
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: BuyBuyBuyBuy
Consensus Rating Score: 2.832.832.672.83
Ratings Breakdown: 0 Sell Rating(s)
1 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
1 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
2 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
1 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $10.75$10.75$10.83$11.33
Price Target Upside: 14.67% upside14.67% upside17.63% upside27.92% upside

Global Medical REIT (NYSE:GMRE) Consensus Price Target History

Price Target History for Global Medical REIT (NYSE:GMRE)

Global Medical REIT (NYSE:GMRE) Analyst Ratings History

Show:
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
11/10/2017B. RileyReiterated RatingBuy$10.50N/AView Rating Details
9/18/2017FBR & CoReiterated RatingBuy$10.00 -> $10.50HighView Rating Details
9/1/2017Cantor FitzgeraldReiterated RatingOverweight$12.00MediumView Rating Details
8/22/2017DA DavidsonDowngradeBuy -> Neutral$11.00 -> $10.00HighView Rating Details
3/28/2017Compass PointUpgradeNeutral -> BuyMediumView Rating Details
2/23/2017Janney Montgomery ScottInitiated CoverageBuyN/AView Rating Details
11/10/2016WunderlichDowngradeBuy -> HoldN/AView Rating Details
7/25/2016OppenheimerInitiated CoverageOutperform$12.00N/AView Rating Details
7/11/2016BB&TInitiated CoverageHold$10.50N/AView Rating Details
(Data available from 1/16/2016 forward)

Earnings

Global Medical REIT (NYSE:GMRE) Earnings History and Estimates Chart

Earnings by Quarter for Global Medical REIT (NYSE:GMRE)

Global Medical REIT (NYSE GMRE) Earnings History by Quarter

DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
3/26/2018        
11/9/2017Q3 2017$0.12$0.02ViewN/AView Earnings Details
8/10/2017Q2 2017$0.13($0.04)$6.16 million$7.42 millionViewN/AView Earnings Details
5/11/2017Q1 2017$0.10($0.14)$5.32 million$4.66 millionViewN/AView Earnings Details
3/27/2017Q4 2016($0.08)($0.11)$2.84 million$3.12 millionViewN/AView Earnings Details
11/10/2016Q316$0.04($0.03)$2.40 million$2.00 millionViewN/AView Earnings Details
(Earnings results data provided by Zacks Investment Research)

Estimates

Global Medical REIT (NYSE:GMRE) Earnings Estimates

2018 EPS Consensus Estimate: $0.77
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20181$0.17$0.17$0.17
Q2 20181$0.18$0.18$0.18
Q3 20181$0.21$0.21$0.21
Q4 20181$0.21$0.21$0.21
Q1 20191$0.19$0.19$0.19
Q2 20191$0.20$0.20$0.20
Q3 20191$0.21$0.21$0.21
(Earnings estimates data provided by Zacks Investment Research)

Dividends

Global Medical REIT (NYSE:GMRE) Dividend Information

Most Recent Dividend:1/10/2018
Annual Dividend:$0.80
Dividend Yield:9.89%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:-400.00% (Trailing 12 Months of Earnings)
242.42% (Based on This Year's Estimates)
117.65% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Global Medical REIT (NYSE:GMRE)

Global Medical REIT (NYSE:GMRE) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
12/15/2017Quarterly$0.209.3%12/22/201712/26/20171/10/2018
9/8/2017Quarterly$0.208.68%9/25/20179/26/201710/9/2017
6/16/2017Quarterly$0.208.28%6/23/20176/27/20177/10/2017
3/20/2017Quarterly$0.209.7%3/23/20173/27/20174/10/2017
12/14/2016Quarterly$0.208.42%12/22/201612/27/20161/10/2017
9/14/2016Quarterly$0.209/23/20169/27/201610/11/2016
(Data available from 1/1/2013 forward)

Insider Trades

Global Medical REIT (NYSE GMRE) Insider Trading and Institutional Ownership History

Insider Ownership Percentage: 16.51%
Institutional Ownership Percentage: 41.02%
Insider Trades by Quarter for Global Medical REIT (NYSE:GMRE)
Institutional Ownership by Quarter for Global Medical REIT (NYSE:GMRE)

Global Medical REIT (NYSE GMRE) Insider Trades by Quarter

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
11/14/2017Henry ColeDirectorBuy1,000$9.30$9,300.00View SEC Filing  
11/14/2017Jeffrey BuschChairmanBuy2,630$9.29$24,432.70View SEC Filing  
6/30/2017Jeffrey BuschChairmanBuy11,100$9.00$99,900.0020,110View SEC Filing  
7/1/2016Jeffrey BuschChairmanBuy9,000$10.01$90,090.009,000View SEC Filing  
7/1/2016Zh Usa, LlcMajor ShareholderBuy1,179,019$12.75$15,032,492.252,604,500View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Global Medical REIT (NYSE GMRE) News Headlines

Source:
DateHeadline
Comparing Medical Properties Trust (MPW) & Global Medical REIT (GMRE)Comparing Medical Properties Trust (MPW) & Global Medical REIT (GMRE)
www.americanbankingnews.com - January 13 at 9:36 PM
Global Medical REIT (GMRE) Raised to "Buy" at Zacks Investment ResearchGlobal Medical REIT (GMRE) Raised to "Buy" at Zacks Investment Research
www.americanbankingnews.com - January 9 at 11:54 PM
MedEquities Realty Trust (MRT) & Global Medical REIT (GMRE) Head-To-Head ReviewMedEquities Realty Trust (MRT) & Global Medical REIT (GMRE) Head-To-Head Review
www.americanbankingnews.com - January 8 at 11:06 PM
Global Medical REIT (GMRE) versus Medical Properties Trust (MPW) Critical ReviewGlobal Medical REIT (GMRE) versus Medical Properties Trust (MPW) Critical Review
www.americanbankingnews.com - December 31 at 5:30 AM
Analyzing Universal Health Realty Income Trust (UHT) & Global Medical REIT (GMRE)Analyzing Universal Health Realty Income Trust (UHT) & Global Medical REIT (GMRE)
www.americanbankingnews.com - December 29 at 1:58 AM
Global Medical REIT Inc (GMRE) Receives Average Recommendation of "Buy" from BrokeragesGlobal Medical REIT Inc (GMRE) Receives Average Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - December 26 at 9:52 AM
Effective Federal Tax Rates on REIT Dividends ReducedEffective Federal Tax Rates on REIT Dividends Reduced
finance.yahoo.com - December 26 at 9:33 AM
Global Medical REIT (GMRE) vs. Its Peers Financial AnalysisGlobal Medical REIT (GMRE) vs. Its Peers Financial Analysis
www.americanbankingnews.com - December 25 at 11:42 PM
Global Medical REIT (GMRE) versus Its Competitors Head-To-Head ContrastGlobal Medical REIT (GMRE) versus Its Competitors Head-To-Head Contrast
www.americanbankingnews.com - December 25 at 7:29 PM
Reviewing Global Medical REIT (GMRE) & Its RivalsReviewing Global Medical REIT (GMRE) & Its Rivals
www.americanbankingnews.com - December 25 at 3:26 PM
Global Medical REIT (GMRE) and Its Competitors Head to Head ComparisonGlobal Medical REIT (GMRE) and Its Competitors Head to Head Comparison
www.americanbankingnews.com - December 24 at 3:30 PM
Global Medical REIT (GMRE) versus Its Rivals Critical ReviewGlobal Medical REIT (GMRE) versus Its Rivals Critical Review
www.americanbankingnews.com - December 23 at 7:24 PM
Global Medical REIT (GMRE) Rating Lowered to Hold at Zacks Investment ResearchGlobal Medical REIT (GMRE) Rating Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - December 23 at 6:14 AM
Reviewing Global Medical REIT (GMRE) & The CompetitionReviewing Global Medical REIT (GMRE) & The Competition
www.americanbankingnews.com - December 21 at 9:28 AM
Global Medical REIT Inc (GMRE) Expected to Post Quarterly Sales of $10.33 MillionGlobal Medical REIT Inc (GMRE) Expected to Post Quarterly Sales of $10.33 Million
www.americanbankingnews.com - December 21 at 2:58 AM
Reviewing Global Medical REIT (GMRE) and Its CompetitorsReviewing Global Medical REIT (GMRE) and Its Competitors
www.americanbankingnews.com - December 20 at 7:46 AM
 Analysts Anticipate Global Medical REIT Inc (GMRE) Will Announce Earnings of $0.14 Per Share Analysts Anticipate Global Medical REIT Inc (GMRE) Will Announce Earnings of $0.14 Per Share
www.americanbankingnews.com - December 19 at 9:34 PM
Financial Review: Global Medical REIT (GMRE) vs. Its RivalsFinancial Review: Global Medical REIT (GMRE) vs. Its Rivals
www.americanbankingnews.com - December 18 at 7:22 PM
Global Medical REIT Inc Announces Dividend of $0.20 (GMRE)Global Medical REIT Inc Announces Dividend of $0.20 (GMRE)
www.americanbankingnews.com - December 17 at 8:40 AM
Global Medical REIT (GMRE) & Its Competitors Critical ComparisonGlobal Medical REIT (GMRE) & Its Competitors Critical Comparison
www.americanbankingnews.com - December 16 at 1:30 PM
Head-To-Head Survey: Global Medical REIT (GMRE) and The CompetitionHead-To-Head Survey: Global Medical REIT (GMRE) and The Competition
www.americanbankingnews.com - December 16 at 11:30 AM
Financial Survey: Global Medical REIT (GMRE) and Its CompetitorsFinancial Survey: Global Medical REIT (GMRE) and Its Competitors
www.americanbankingnews.com - December 15 at 3:32 PM
HCP (HCP) & Global Medical REIT (GMRE) Head-To-Head SurveyHCP (HCP) & Global Medical REIT (GMRE) Head-To-Head Survey
www.americanbankingnews.com - December 15 at 3:32 PM
Head to Head Comparison: Global Medical REIT (GMRE) versus LTC Properties (LTC)Head to Head Comparison: Global Medical REIT (GMRE) versus LTC Properties (LTC)
www.americanbankingnews.com - December 14 at 5:30 AM
Comparing Global Medical REIT (GMRE) & Aviv REIT (AVIV)Comparing Global Medical REIT (GMRE) & Aviv REIT (AVIV)
www.americanbankingnews.com - December 10 at 3:30 PM
Head-To-Head Contrast: Global Medical REIT (GMRE) versus Its RivalsHead-To-Head Contrast: Global Medical REIT (GMRE) versus Its Rivals
www.americanbankingnews.com - December 10 at 9:30 AM
Global Medical REIT (GMRE) vs. Its Rivals Financial ComparisonGlobal Medical REIT (GMRE) vs. Its Rivals Financial Comparison
www.americanbankingnews.com - December 9 at 9:10 PM
Global Medical REIT (GMRE) & Its Peers Head-To-Head SurveyGlobal Medical REIT (GMRE) & Its Peers Head-To-Head Survey
www.americanbankingnews.com - December 9 at 9:10 PM
Head-To-Head Analysis: Global Medical REIT (GMRE) versus The CompetitionHead-To-Head Analysis: Global Medical REIT (GMRE) versus The Competition
www.americanbankingnews.com - December 9 at 1:20 PM
Global Medical REIT (GMRE) and Its Competitors Financial ReviewGlobal Medical REIT (GMRE) and Its Competitors Financial Review
www.americanbankingnews.com - December 6 at 9:10 PM
Global Medical REIT (GMRE) & The Competition Critical ComparisonGlobal Medical REIT (GMRE) & The Competition Critical Comparison
www.americanbankingnews.com - December 6 at 9:10 PM
Global Medical REIT (GMRE) & Its Rivals Financial ComparisonGlobal Medical REIT (GMRE) & Its Rivals Financial Comparison
www.americanbankingnews.com - December 6 at 11:20 AM
Global Medical REIT (GMRE) versus Welltower (HCN) Critical ReviewGlobal Medical REIT (GMRE) versus Welltower (HCN) Critical Review
www.americanbankingnews.com - December 4 at 5:38 PM
Global Medical REIT Inc. (GMRE) Expected to Post Quarterly Sales of $10.33 MillionGlobal Medical REIT Inc. (GMRE) Expected to Post Quarterly Sales of $10.33 Million
www.americanbankingnews.com - December 4 at 4:42 PM
Global Medical REIT (GMRE) versus Its Rivals Head to Head ComparisonGlobal Medical REIT (GMRE) versus Its Rivals Head to Head Comparison
www.americanbankingnews.com - December 2 at 9:46 AM
Global Medical REIT Inc. (GMRE) Given Average Recommendation of "Buy" by BrokeragesGlobal Medical REIT Inc. (GMRE) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - December 1 at 3:48 PM
Comparing Global Medical REIT (GMRE) & Its CompetitorsComparing Global Medical REIT (GMRE) & Its Competitors
www.americanbankingnews.com - November 27 at 3:56 PM
Consider This Young, Undercovered Healthcare REIT With An 8.3% Yield And UpsideConsider This Young, Undercovered Healthcare REIT With An 8.3% Yield And Upside
seekingalpha.com - November 24 at 4:43 PM
FY2017 EPS Estimates for Global Medical REIT Inc. (GMRE) Raised by Cantor FitzgeraldFY2017 EPS Estimates for Global Medical REIT Inc. (GMRE) Raised by Cantor Fitzgerald
www.americanbankingnews.com - November 17 at 8:54 PM
Zacks: Analysts Expect Global Medical REIT Inc. (GMRE) Will Announce Earnings of $0.14 Per ShareZacks: Analysts Expect Global Medical REIT Inc. (GMRE) Will Announce Earnings of $0.14 Per Share
www.americanbankingnews.com - November 17 at 5:22 AM
Global Medical REIT Inc. (GMRE) Chairman Jeffrey Busch Acquires 2,630 SharesGlobal Medical REIT Inc. (GMRE) Chairman Jeffrey Busch Acquires 2,630 Shares
www.americanbankingnews.com - November 15 at 10:20 AM
Global Medical REIT Inc. (GMRE) Forecasted to Post FY2017 Earnings of $0.35 Per ShareGlobal Medical REIT Inc. (GMRE) Forecasted to Post FY2017 Earnings of $0.35 Per Share
www.americanbankingnews.com - November 15 at 6:56 AM
Global Medical REIT Inc. Expected to Post Q4 2017 Earnings of $0.16 Per Share (GMRE)Global Medical REIT Inc. Expected to Post Q4 2017 Earnings of $0.16 Per Share (GMRE)
www.americanbankingnews.com - November 15 at 6:28 AM
Global Medical REIT, Inc. (GMRE) Upgraded at Zacks Investment ResearchGlobal Medical REIT, Inc. (GMRE) Upgraded at Zacks Investment Research
www.americanbankingnews.com - November 15 at 12:16 AM
GLOBAL MEDICAL REIT INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements andGLOBAL MEDICAL REIT INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and
biz.yahoo.com - November 10 at 4:34 PM

SEC Filings

Global Medical REIT (NYSE:GMRE) SEC Filings

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Financials

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Chart

Global Medical REIT (NYSE GMRE) Stock Chart for Tuesday, January, 16, 2018

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This page was last updated on 1/16/2018 by MarketBeat.com Staff

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