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.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Phone202-524-6851
Debt
Current Ratio0.09
Quick Ratio0.09
Price-To-Earnings
Sales & Book Value
Annual Sales$30.34 million
Price / Sales6.93
Price / Cash Flow17.84
Price / Book1.11
Profitability
Net Income$-30,000.00
Net Margins9.87%
Return on Assets0.87%
Miscellaneous
Employees9
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, December 14th. Investors of record on Wednesday, December 26th will be given a dividend of $0.20 per share on Thursday, January 10th. This represents a $0.80 dividend on an annualized basis and a yield of 8.48%. The ex-dividend date is Monday, December 24th. View Global Medical REIT's Dividend History.
How were Global Medical REIT's earnings last quarter?
Global Medical REIT Inc (NYSE:GMRE) posted its earnings results on Monday, November, 5th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.23 by $0.22. The company earned $14 million during the quarter, compared to the consensus estimate of $14.34 million. Global Medical REIT had a return on equity of 2.65% and a net margin of 9.87%. View Global Medical REIT's Earnings History.
When is Global Medical REIT's next earnings date?
What price target have analysts set for GMRE?
6 Wall Street analysts have issued 1 year 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 stock price to reach $10.3383 in the next year. This suggests a possible upside of 9.6% from the stock's current price. View Analyst Price Targets for Global Medical REIT.
What is the consensus analysts' recommendation for Global Medical REIT?
6 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 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Global Medical REIT.
Has Global Medical REIT been receiving favorable news coverage?
News headlines about GMRE stock have trended positive recently, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Global Medical REIT earned a coverage optimism score of 2.3 on InfoTrie's scale. They also gave news stories about the company a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the stock's share price in the next few days.
Who are some of Global Medical REIT's key competitors?
Some companies that are related to Global Medical REIT include Granite Point Mortgage Trust (GPMT), Northstar Realty Europe (NRE), Urstadt Biddle Properties (UBA), CIM Commercial Trust (CMCT), CorePoint Lodging (CPLG), Preferred Apartment Communities (APTS), Hersha Hospitality Trust (HT), Investors Real Estate Trust Reit (IRET), Select Income REIT (SIR), CAPSTEAD MTG CO/SH (CMO), istar (STAR), Urstadt Biddle Properties (UBP), Essential Properties Realty Trust (EPRT), Community Healthcare Trust (CHCT) and Whitestone REIT (WSR).
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 a price of $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.
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 $9.43.
How big of a company is Global Medical REIT?
Global Medical REIT has a market capitalization of $207.99 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.
What is Global Medical REIT's official website?
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)
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.
