NYSE:GMRE Global Medical REIT - GMRE Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Global Medical REIT Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $10.99 -0.08 (-0.72%) (As of 02/8/2023 12:00 AM ET) Add Compare Share Share Today's Range$10.94▼$11.1450-Day Range$9.25▼$11.5252-Week Range$7.01▼$16.52Volume269,414 shsAverage Volume429,839 shsMarket Capitalization$720.06 millionP/E Ratio43.96Dividend Yield7.51%Price Target$16.50 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Global Medical REIT MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside50.1% Upside$16.50 Price TargetShort InterestHealthy2.37% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-3.19Upright™ Environmental ScoreNews Sentiment1.39Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth2.17%From $0.92 to $0.94 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.82 out of 5 starsFinance Sector96th out of 857 stocksReal Estate Investment Trusts Industry19th out of 190 stocks 3.0 Analyst's Opinion Consensus RatingGlobal Medical REIT has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $16.50, Global Medical REIT has a forecasted upside of 50.1% from its current price of $10.99.Amount of Analyst CoverageGlobal Medical REIT has received no research coverage in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.37% of the outstanding shares of Global Medical REIT have been sold short.Short Interest Ratio / Days to CoverGlobal Medical REIT has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Global Medical REIT has recently decreased by 12.92%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipGlobal Medical REIT is a leading dividend payer. It pays a dividend yield of 7.51%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthGlobal Medical REIT has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Global Medical REIT is 336.00%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Global Medical REIT will have a dividend payout ratio of 89.36% in the coming year. This indicates that Global Medical REIT may not be able to sustain their current dividend. Previous Next 3.6 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreGlobal Medical REIT has received a 43.24% net impact score from Upright. Global Medical REIT seems to create the most significant positive value in categories "Taxes", "Jobs", and "Physical diseases". The positive contribution in the "Physical diseases" impact category is driven by its "Real estate funds investing in health centers" product. See details.Environmental SustainabilityThe Environmental Impact score for Global Medical REIT is -3.19. Previous Next 3.6 News and Social Media Coverage News SentimentGlobal Medical REIT has a news sentiment score of 1.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Global Medical REIT this week, compared to 1 article on an average week.Search InterestOnly 17 people have searched for GMRE on MarketBeat in the last 30 days. This is a decrease of -11% compared to the previous 30 days.MarketBeat Follows6 people have added Global Medical REIT to their MarketBeat watchlist in the last 30 days. This is an increase of 500% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Global Medical REIT insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 7.60% of the stock of Global Medical REIT is held by insiders.Percentage Held by Institutions65.08% of the stock of Global Medical REIT is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Global Medical REIT are expected to grow by 2.17% in the coming year, from $0.92 to $0.94 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Global Medical REIT is 43.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 150.72.Price to Earnings Ratio vs. SectorThe P/E ratio of Global Medical REIT is 43.96, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 189.31.Price to Earnings Growth RatioGlobal Medical REIT has a PEG Ratio of 1.49. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioGlobal Medical REIT has a P/B Ratio of 1.25. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Global Medical REIT (NYSE:GMRE) StockGlobal Medical REIT, Inc. engages in the acquisition of purpose-built healthcare facilities and leasing of those properties to strong healthcare systems and physician groups. The company was founded on March 18, 2011 and is headquartered in Bethesda, MD.Read More Receive GMRE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Global Medical REIT and its competitors with MarketBeat's FREE daily newsletter. Email Address GMRE Stock News HeadlinesFebruary 7, 2023 | finance.yahoo.comLife Storage (LSI) Stock Jumps 11.3%: Will It Continue to Soar?January 30, 2023 | finance.yahoo.comGlobal Medical REIT Reports Tax Treatment of 2022 DividendsFebruary 9, 2023 | Vantage Point (Ad)Don’t Let The Markets Break Your HeartEvery rose has its thorn, just like every market has its surprise. If you’re having issues in your trading, it could be that it's not you - it really is the market… Well, you’re in control. You can sit on the sideline when it feels right, or anticipate massive trend reversals with A.I. January 24, 2023 | seekingalpha.comGMRE Global Medical REIT Inc.January 17, 2023 | seekingalpha.comGlobal Medical REIT tenant Pipeline Health to assume White Rock hospital leasesJanuary 17, 2023 | finance.yahoo.comGlobal Medical REIT Announces That Pipeline Health Will Assume its Leases at White Rock Hospital in Dallas, TexasJanuary 9, 2023 | benzinga.comGlobal Medical REIT Stock (NYSE:GMRE), DividendsJanuary 2, 2023 | finance.yahoo.comGlobal Medical REIT Inc (3UN.MU)February 9, 2023 | Vantage Point (Ad)Don’t Let The Markets Break Your HeartEvery rose has its thorn, just like every market has its surprise. If you’re having issues in your trading, it could be that it's not you - it really is the market… Well, you’re in control. You can sit on the sideline when it feels right, or anticipate massive trend reversals with A.I. December 25, 2022 | finance.yahoo.comGlobal Medical REIT Inc. (GMRE-PA)December 16, 2022 | finance.yahoo.comGeorgetown launches master’s program focused on sustainable buildingDecember 16, 2022 | seekingalpha.com3 REIT Stocking Stuffers Yielding 8%December 12, 2022 | seekingalpha.com3 Fast-Growing Medical REITs At Attractive PricesDecember 7, 2022 | finance.yahoo.comGlobal Medical REIT Inc. Board Declares 2022 Fourth Quarter Common and Preferred DividendsNovember 24, 2022 | seekingalpha.comGlobal Medical REIT: Value Trap As Medical Office Closures Likely To Rise In 2023 Along With Cap RatesNovember 8, 2022 | finance.yahoo.comGlobal Medical REIT Third Quarter 2022 Earnings: Beats ExpectationsNovember 4, 2022 | markets.businessinsider.comJMP Securities Reaffirms Their Hold Rating on Global Medical REIT (GMRE)November 4, 2022 | seekingalpha.comGlobal Medical REIT Inc. (GMRE) Q3 2022 Earnings Call TranscriptNovember 2, 2022 | finance.yahoo.comGlobal Medical REIT (GMRE) Q3 FFO Lag EstimatesNovember 2, 2022 | finance.yahoo.comGlobal Medical REIT Announces Third Quarter 2022 Financial ResultsOctober 24, 2022 | seekingalpha.comGlobal Medical REIT: A Preferred Share With An 8% Yield And Strong Coverage RatiosOctober 15, 2022 | seekingalpha.comGMRE.PA Global Medical REIT Inc. 7.50% CUM PFD AOctober 12, 2022 | finance.yahoo.comGlobal Medical REIT Inc. Announces Dates for Third Quarter 2022 Earnings Release and WebcastOctober 6, 2022 | finance.yahoo.comGMRE or CUBE: Which Is the Better Value Stock Right Now?September 28, 2022 | seekingalpha.comGlobal Medical REIT Now Has A 9% Recession Resistant YieldSeptember 28, 2022 | seekingalpha.comFlying Under The Radar: 3 Small-Cap Healthcare REIT GemsSeptember 27, 2022 | markets.businessinsider.comShort Volatility Alert: Global Medical REIT Inc.See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive GMRE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Global Medical REIT and its competitors with MarketBeat's FREE daily newsletter. Email Address GMRE Company Calendar Last Earnings5/04/2022Ex-Dividend for 1/9 Dividend12/21/2022Dividend Payable1/09/2023Today2/08/2023Next Earnings (Estimated)2/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryN/A SectorFinance Current SymbolNYSE:GMRE CUSIPN/A CIK1533615 Webwww.globalmedicalreit.com Phone(202) 524-6851FaxN/AEmployees26Year FoundedN/APrice Target and Rating Average Stock Price Forecast$16.50 High Stock Price Forecast$17.00 Low Stock Price Forecast$16.00 Forecasted Upside/Downside+50.1%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.25 Trailing P/E Ratio43.96 Forward P/E Ratio11.95 P/E Growth1.49Net Income$17.62 million Net Margins16.48% Pretax Margin18.00% Return on Equity3.76% Return on Assets1.63% Debt Debt-to-Equity Ratio1.09 Current Ratio0.19 Quick Ratio0.19 Sales & Book Value Annual Sales$115.94 million Price / Sales6.21 Cash Flow$1.02 per share Price / Cash Flow10.73 Book Value$8.76 per share Price / Book1.25Miscellaneous Outstanding Shares65,520,000Free Float60,539,000Market Cap$720.06 million OptionableOptionable Beta1.08 Key ExecutivesJeffrey Mark BuschChairman, President & Chief Executive OfficerDanica HolleyChief Operating OfficerRobert J. KiernanChief Financial Officer & TreasurerAlfonzo LeonChief Investment OfficerAllen E. WebbSenior VP-SEC Reporting & Technical AccountingKey CompetitorsUrstadt Biddle PropertiesNYSE:UBAFarmland PartnersNYSE:FPIDynex CapitalNYSE:DXUniversal Health Realty Income TrustNYSE:UHTGladstone LandNASDAQ:LANDView All CompetitorsInsiders & InstitutionsUBS Group AGBought 30,045 shares on 2/8/2023Ownership: 0.376%Swiss National BankBought 2,700 shares on 2/8/2023Ownership: 0.229%Oppenheimer & Co. Inc.Bought 2,760 shares on 2/8/2023Ownership: 0.142%Raymond James Financial Services Advisors Inc.Bought 1,280 shares on 2/8/2023Ownership: 0.097%Cambridge Investment Research Advisors Inc.Bought 16,067 shares on 2/8/2023Ownership: 0.025%View All Insider TransactionsView All Institutional Transactions GMRE Stock - Frequently Asked Questions Should I buy or sell Global Medical REIT stock right now? 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Global Medical REIT in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street 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. View GMRE analyst ratings or view top-rated stocks. What is Global Medical REIT's stock price forecast for 2023? 3 brokers have issued 12-month target prices for Global Medical REIT's stock. Their GMRE share price forecasts range from $16.00 to $17.00. On average, they anticipate the company's share price to reach $16.50 in the next year. This suggests a possible upside of 50.1% from the stock's current price. View analysts price targets for GMRE or view top-rated stocks among Wall Street analysts. How have GMRE shares performed in 2023? Global Medical REIT's stock was trading at $9.48 at the start of the year. Since then, GMRE stock has increased by 15.9% and is now trading at $10.99. View the best growth stocks for 2023 here. Are investors shorting Global Medical REIT? Global Medical REIT saw a drop in short interest in the month of January. As of January 15th, there was short interest totaling 1,550,000 shares, a drop of 12.9% from the December 31st total of 1,780,000 shares. Based on an average daily trading volume, of 604,700 shares, the short-interest ratio is presently 2.6 days. View Global Medical REIT's Short Interest. When is Global Medical REIT's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023. View our GMRE earnings forecast. How were Global Medical REIT's earnings last quarter? Global Medical REIT Inc. (NYSE:GMRE) released its quarterly earnings data on Wednesday, May, 4th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by $0.19. Global Medical REIT had a net margin of 16.48% and a trailing twelve-month return on equity of 3.76%. During the same period in the previous year, the business posted $0.24 earnings per share. 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 Wednesday, December 7th. Stockholders of record on Thursday, December 22nd will be given a dividend of $0.21 per share on Monday, January 9th. This represents a $0.84 annualized dividend and a yield of 7.64%. The ex-dividend date is Wednesday, December 21st. Read our dividend analysis for GMRE. Is Global Medical REIT a good dividend stock? Global Medical REIT (NYSE:GMRE) pays an annual dividend of $0.84 per share and currently has a dividend yield of 7.51%. 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 336.00%. 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 89.36% in the coming year. This indicates that the company may not be able to sustain their current dividend. Read our dividend analysis for GMRE. What other stocks do shareholders of Global Medical REIT own? 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). 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. What is Global Medical REIT's stock symbol? Global Medical REIT trades on the New York Stock Exchange (NYSE) under the ticker symbol "GMRE." Who are Global Medical REIT's major shareholders? Global Medical REIT's stock is owned by a number of institutional and retail investors. Top institutional investors include Phocas Financial Corp. (1.25%), State of New Jersey Common Pension Fund D (1.23%), Sound Income Strategies LLC (1.00%), Allspring Global Investments Holdings LLC (0.44%), D.A. Davidson & CO. (0.41%) and UBS Group AG (0.38%). Insiders that own company stock include Henry Cole, Jeffrey Busch and Ronald Marston. View institutional ownership trends. How do I buy shares of Global Medical REIT? 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. Compare Top Brokerages Here. What is Global Medical REIT's stock price today? One share of GMRE stock can currently be purchased for approximately $10.99. How much money does Global Medical REIT make? Global Medical REIT (NYSE:GMRE) has a market capitalization of $720.06 million and generates $115.94 million in revenue each year. The company earns $17.62 million in net income (profit) each year or $0.25 on an earnings per share basis. How can I contact Global Medical REIT? 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. This page (NYSE:GMRE) was last updated on 2/9/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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