Global Medical REIT Inc. is net-lease medical office REIT that acquires purpose-built specialized healthcare facilities and leases those facilities to strong healthcare systems and physician groups with leading market share.
Analysts Set New Price Targets
Several equities analysts recently commented on GMRE shares. JMP Securities began coverage on shares of Global Medical REIT in a report on Thursday, July 7th. They set a "market perform" rating on the stock. B. Riley lowered their price objective on shares of Global Medical REIT from $18.00 to $16.00 in a research report on Tuesday, May 10th.
Global Medical REIT Stock Up 0.8 %
Shares of GMRE traded up $0.10 during mid-day trading on Monday, hitting $11.88. The company's stock had a trading volume of 2,106 shares, compared to its average volume of 415,002. The company's 50-day moving average is $11.61 and its 200-day moving average is $14.03. Global Medical REIT has a 52-week low of $10.50 and a 52-week high of $18.51. The firm has a market capitalization of $778.35 million, a price-to-earnings ratio of 62.00, a PEG ratio of 1.56 and a beta of 0.94. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.92.
Global Medical REIT Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, July 8th. Stockholders of record on Friday, June 24th were given a $0.21 dividend. The ex-dividend date was Thursday, June 23rd. This represents a $0.84 annualized dividend and a dividend yield of 7.07%. Global Medical REIT's payout ratio is presently 442.13%.