Global Medical REIT Inc. is a Maryland corporation engaged primarily in the acquisition of licensed, state-of-the-art, purpose-built healthcare facilities and the leasing of these facilities to strong clinical operators with leading market share. The Company's management team has significant healthcare, real estate and public real estate investment trust, or REIT, experience and has long-established relationships with a wide range of healthcare providers. The Company elected to be taxed as a REIT for U.S. federal income tax purposes commencing with its taxable year ending December 31, 2016.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:GMRE
CUSIPN/A
Phone202-524-6851
Debt
Debt-to-Equity Ratio1.31
Current Ratio0.17
Quick Ratio0.17
Price-To-Earnings
Trailing P/E Ratio17.65
Forward P/E Ratio11.10
P/E Growth1.28
Sales & Book Value
Annual Sales$30.34 million
Price / Sales6.49
Cash Flow$0.4995 per share
Price / Cash18.22
Book Value$8.51 per share
Price / Book1.07
Profitability
EPS (Most Recent Fiscal Year)$0.54
Net Income$-30,000.00
Net Margins7.75%
Return on Equity1.61%
Return on Assets0.64%
Miscellaneous
Employees9
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 declared a quarterly dividend on Friday, June 15th. Shareholders of record on Tuesday, June 26th will be paid a dividend of $0.20 per share on Wednesday, July 11th. This represents a $0.80 annualized dividend and a yield of 8.81%. The ex-dividend date is Monday, June 25th. View Global Medical REIT's Dividend History.
How were Global Medical REIT's earnings last quarter?
Global Medical REIT (NYSE:GMRE) posted its quarterly earnings results on Tuesday, May, 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.04 by $0.02. The company had revenue of $11.56 million for the quarter, compared to analyst estimates of $11.50 million. Global Medical REIT had a net margin of 7.75% and a return on equity of 1.61%. View Global Medical REIT's Earnings History.
When is Global Medical REIT's next earnings date?
What price target have analysts set for GMRE?
4 analysts have issued 12-month price targets for Global Medical REIT's stock. Their forecasts range from $8.00 to $12.00. On average, they expect Global Medical REIT's share price to reach $10.1250 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. " (5/11/2018)
- 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)
Who are some of Global Medical REIT's key competitors?
Some companies that are related to Global Medical REIT include Pennsylvania R.E.I.T. (PEI), Granite Point Mortgage Trust (GPMT), Interrent Real Estate Investment Trust (IIPZF), Northstar Realty Europe (NRE), istar (STAR), Urstadt Biddle Properties (UBP), Ashford Hospitality Trust (AHT), INVESTORS REAL ESTATE TRUST REIT Common Stock (IRET), NY Mtg Tr Inc/SH (NYMT), ARBOR Rlty Tr I/SH (ABR), CIM Commercial Trust (CMCT), New Senior Investment Group (SNR), Catchmark Timber Trust (CTT), Preferred Apartment Communities (APTS) and NexPoint Residential Trust (NXRT).
Who are Global Medical REIT's key executives?
Global Medical REIT's management team includes the folowing people:
- Mr. Jeffrey M. Busch, Chairman, CEO & Pres (Age 58)
- Mr. David A. Young, Consultant (Age 70)
- Mr. Robert J. Kiernan, CFO & Treasurer (Age 52)
- Ms. Danica Holley, Chief Operating Officer (Age 45)
- Mr. Alfonzo Leon, Chief Investment Officer (Age 42)
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 acted as the underwriters for the IPO and BB&T Capital Markets, Compass Point and D.A. Davidson were co-managers.
Has Global Medical REIT been receiving favorable news coverage?
News stories about GMRE stock have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Global Medical REIT earned a media sentiment score of 0.16 on Accern's scale. They also assigned news stories about the company an impact score of 45.82 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.
Who are Global Medical REIT's major shareholders?
Global Medical REIT's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.01%), Resource America Inc. (2.23%), State of Wisconsin Investment Board (1.39%), Manning & Napier Group LLC (1.18%), Millennium Management LLC (1.06%) and Stifel Financial Corp (0.88%). Company insiders that own Global Medical REIT stock include Henry Cole, Jeffrey Busch, Matthew Cypher and Zh Usa, Llc. 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 Resource America Inc., Manning & Napier Group LLC, State of Wisconsin Investment Board, Oppenheimer & Co. Inc., BB&T Securities LLC, Rational Advisors LLC and B. Riley Financial Inc.. View Insider Buying and Selling for Global Medical REIT.
Which major investors are buying Global Medical REIT stock?
GMRE stock was purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, GSA Capital Partners LLP, Stifel Financial Corp, BlackRock Inc., Dynamic Technology Lab Private Ltd, Citigroup Inc., Dimensional Fund Advisors LP and D.A. Davidson & CO.. Company insiders that have bought Global Medical REIT stock in the last two years include Henry Cole, Jeffrey Busch, Matthew Cypher and Zh Usa, Llc. 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 $9.08.
How big of a company is Global Medical REIT?
Global Medical REIT has a market capitalization of $206.14 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.
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 (GMRE)
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.
