Global Medical REIT - GMRE Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Global Medical REIT in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GMRE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GMRE, but not buy additional shares or sell existing shares.
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1 brokers have issued 12 month price objectives for Global Medical REIT's shares. Their GMRE share price forecasts range from $16.00 to $17.00. On average, they anticipate the company's stock price to reach $16.50 in the next year. This suggests a possible upside of 86.0% from the stock's current price.
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Global Medical REIT's stock was trading at $17.75 on January 1st, 2022. Since then, GMRE stock has decreased by 50.0% and is now trading at $8.87.
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Global Medical REIT saw a increase in short interest in August. As of August 15th, there was short interest totaling 1,610,000 shares, an increase of 9.5% from the July 31st total of 1,470,000 shares. Based on an average daily volume of 401,400 shares, the days-to-cover ratio is presently 4.0 days. Approximately 10.6% of the shares of the stock are sold short.
View Global Medical REIT's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our GMRE earnings forecast.

Global Medical REIT Inc. (NYSE:GMRE) released its earnings results on Wednesday, May, 4th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.19. Global Medical REIT had a net margin of 13.31% and a trailing twelve-month return on equity of 2.95%. During the same quarter last year, the business posted $0.24 earnings per share.

Global Medical REIT announced a quarterly dividend on Friday, September 9th. Shareholders of record on Friday, September 23rd will be paid a dividend of $0.21 per share on Tuesday, October 11th. This represents a $0.84 annualized dividend and a yield of 9.47%. The ex-dividend date of this dividend is Thursday, September 22nd.
Read our dividend analysis for GMRE.

Global Medical REIT (NYSE:GMRE) pays an annual dividend of $0.84 per share and currently has a dividend yield of 9.15%. GMRE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 442.13%. 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 83.17% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for GMRE.

Based on aggregate information from My MarketBeat watchlists, some companies that other Global Medical REIT investors own include 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).

(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.

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

Global Medical REIT's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include State Street Corp (2.85%), Brown Advisory Inc. (1.93%), Brown Advisory Inc. (1.91%), Aew Capital Management L P (1.52%), State of New Jersey Common Pension Fund D (1.50%) and Prudential Financial Inc. (1.35%). Insiders that own company stock include Henry Cole, Jeffrey Busch and Ronald Marston.
View institutional ownership trends.

Shares of GMRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GMRE stock can currently be purchased for approximately $8.87.

Global Medical REIT (NYSE:GMRE) has a market capitalization of $581.14 million and generates $115.94 million in revenue each year. The company earns $17.62 million in net income (profit) each year or $0.19 on an earnings per share basis.

Global Medical REIT's mailing address is 2 Bethesda Metro Center Suite 440, BETHESDA MD, 20814. The official website for the company is www.globalmedicalreit.com. The company can be reached via phone at (202) 524-6851 or via email at investors@globalmedicalreit.com.