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

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$9.76 +0.12 (+1.24 %)
(As of 03/20/2019 04:00 PM ET)
Previous Close$9.64
Today's Range$9.60 - $9.81
52-Week Range$6.34 - $11.02
Volume15,634 shs
Average Volume543,065 shs
Market Capitalization$256.88 million
P/E Ratio12.51
Dividend Yield8.20%
Beta0.62
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

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CUSIPN/A
CIKN/A
Phone202-524-6851

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$53.19 million
Cash Flow$1.4855 per share
Book Value$10.08 per share

Profitability

Net Income$13.51 million

Miscellaneous

EmployeesN/A
Market Cap$256.88 million
Next Earnings Date5/14/2019 (Estimated)
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 declared a quarterly dividend on Friday, March 8th. Stockholders of record on Tuesday, March 26th will be paid a dividend of $0.20 per share on Wednesday, April 10th. This represents a $0.80 annualized dividend and a dividend yield of 8.19%. The ex-dividend date of this dividend is Monday, March 25th. View Global Medical REIT's Dividend History.

How were Global Medical REIT's earnings last quarter?

Global Medical REIT Inc (NYSE:GMRE) released its earnings results on Thursday, March, 7th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.21 by $0.10. The company earned $14.38 million during the quarter, compared to analysts' expectations of $14.46 million. Global Medical REIT had a return on equity of 6.29% and a net margin of 22.62%. 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 Tuesday, May 14th 2019. View Earnings Estimates for Global Medical REIT.

What price target have analysts set for GMRE?

5 equities research analysts have issued twelve-month price objectives for Global Medical REIT's stock. Their forecasts range from $8.00 to $11.00. On average, they expect Global Medical REIT's share price to reach $10.0060 in the next year. This suggests a possible upside of 2.4% 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 1 hold rating and 4 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. " (3/12/2019)
  • 2. Boenning Scattergood analysts commented, "We estimate about $180 million of acquisitions in 2019 at an average 7.6% cap rate, based on the pricing of its most recent acquisitions. We think the year could be off to a slow start, and that acquisition volume will pick up, based on management’s commentary that one acquisition had closed and another was in the final stages for a total of $21 million. We expect the company to fund this acquisition activity through a combination of debt, equity issued through its ATM program, and issuance of OP units. We note that the company has, as a result of its December 2018 capital raise and asset disposition, a war chest of approximately $70 million to fund acquisitions. With very low turnover in 2019 and 100% portfolio occupancy, there appear to be no internal growth drivers beyond normal rent escalation clauses." (3/7/2019)

Has Global Medical REIT been receiving favorable news coverage?

News headlines about GMRE stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Global Medical REIT earned a daily sentiment score of 0.7 on InfoTrie's scale. They also gave news stories about the company a news buzz of 7.0 out of 10, meaning that recent news coverage is likely to have an effect on the stock's share price in the immediate future.

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

What other stocks do shareholders of Global Medical REIT own?

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 (IPO) 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.

Who are Global Medical REIT's major shareholders?

Global Medical REIT's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.75%), State of New Jersey Common Pension Fund D (2.64%), Bank of New York Mellon Corp (0.92%), Geode Capital Management LLC (0.90%), Geode Capital Management LLC (0.90%) and Stifel Financial Corp (0.68%). Company insiders that own Global Medical REIT stock include Henry Cole, Jeffrey Busch, Matthew Cypher, Ronald Marston, Roscoe M Moore Jr and Zh Usa, Llc. View Institutional Ownership Trends for Global Medical REIT.

Which institutional investors are selling Global Medical REIT stock?

GMRE stock was sold by a variety of institutional investors in the last quarter, including Stifel Financial Corp, BB&T Securities LLC, Martingale Asset Management L P and Citigroup Inc.. View Insider Buying and Selling for Global Medical REIT.

Which institutional investors are buying Global Medical REIT stock?

GMRE stock was purchased by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, LSV Asset Management, Rhumbline Advisers, PVG Asset Management Corp, Hound Partners LLC, Two Sigma Investments LP, 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, Ronald Marston 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 $9.77.

How big of a company is Global Medical REIT?

Global Medical REIT has a market capitalization of $257.15 million and generates $53.19 million in revenue each year. The company earns $13.51 million in net income (profit) each year or $0.78 on an earnings per share basis.

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:  189 (Vote Outperform)
Underperform Votes:  204 (Vote Underperform)
Total Votes:  393
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 3/20/2019 by MarketBeat.com Staff

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