Global 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.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CIKN/A
Phone202-524-6851
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$53.19 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date11/4/2019 (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 -- dividend on Monday, September 16th. Shareholders of record on Wednesday, September 25th will be given a dividend of $0.20 per share on Thursday, October 10th. This represents a dividend yield of 7.1%. The ex-dividend date of this dividend is Tuesday, September 24th. View Global Medical REIT's Dividend History.
How were Global Medical REIT's earnings last quarter?
Global Medical REIT Inc (NYSE:GMRE) announced its earnings results on Wednesday, August, 7th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.16. The company had revenue of $16.88 million for the quarter, compared to the consensus estimate of $16.74 million. Global Medical REIT had a return on equity of 5.91% and a net margin of 24.11%. View Global Medical REIT's Earnings History.
When is Global Medical REIT's next earnings date?
What price target have analysts set for GMRE?
4 brokers have issued 1 year price targets for Global Medical REIT's shares. Their forecasts range from $9.03 to $11.00. On average, they expect Global Medical REIT's share price to reach $10.51 in the next year. This suggests that the stock has a possible downside of 12.1%. View Analyst Price Targets for Global Medical REIT.
What is the consensus analysts' recommendation for Global Medical REIT?
4 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 3 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. " (10/16/2019)
- 2. Boenning Scattergood analysts commented, "We think that GMRE could have purchasing power remaining, on the order of $25 million to $35 million, and that incremental acquisition activity in 2019 will be funded by the newly expanded credit facility and ATM offerings. While GMRE’s portfolio acquisition offered an attractive ROI, we think that future acquisitions will be one-off properties — probably medical office – priced around its sweet spot of $10 million on average. Based on what we know about the timing of acquisitions in April and what we estimate in terms of acquisition activity over the balance of the year, we are raising our forward NAV estimate from $10.30 to $10.50." (5/10/2019)
Has Global Medical REIT been receiving favorable news coverage?
Headlines about GMRE stock have been trending somewhat negative recently, InfoTrie reports. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Global Medical REIT earned a coverage optimism score of -1.7 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Global Medical REIT.
Are investors shorting Global Medical REIT?
Global Medical REIT saw a increase in short interest in September. As of September 15th, there was short interest totalling 479,100 shares, an increase of 38.2% from the August 15th total of 346,700 shares. Based on an average trading volume of 256,600 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.5% of the shares of the company are sold short. View Global Medical REIT's Current Options Chain.
Who are some of Global Medical REIT's key competitors?
Some companies that are related to Global Medical REIT include Chesapeake Lodging Trust (CHSP), NY MTG TR INC/SH (NYMT), Global Net Lease (GNL), TIER REIT (TIER), Easterly Government Properties (DEA), American Finance Trust (AFIN), Tanger Factory Outlet Centers (SKT), Uniti Group (UNIT), Universal Health Realty Income Trust (UHT), TPG RE Finance Trust (TRTX), Interrent Real Estate Investment Trust (IIPZF), Brookfield Property Reit (BPR), Monmouth R.E. Inv. (MNR), Kite Realty Group Trust (KRG) and Industrial Logistics Properties Trust (ILPT).
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 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.
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 National Investment Services Inc. WI (0.24%), Strs Ohio (0.13%), Goodwin Daniel L (0.10%), Wiley BROS. Aintree Capital LLC (0.08%), NJ State Employees Deferred Compensation Plan (0.04%) and Corrado Advisors LLC (0.03%). 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 major investors are selling Global Medical REIT stock?
Which major investors are buying Global Medical REIT stock?
GMRE stock was purchased by a variety of institutional investors in the last quarter, including NJ State Employees Deferred Compensation Plan, Corrado Advisors LLC, National Investment Services Inc. WI, Wiley BROS. Aintree Capital LLC and Nisa Investment Advisors LLC. 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, Robinhood, Fidelity and Charles Schwab.
What is Global Medical REIT's stock price today?
One share of GMRE stock can currently be purchased for approximately $11.96.
How big of a company is Global Medical REIT?
Global Medical REIT has a market capitalization of $423.35 million and generates $53.19 million in revenue each year. The company earns $13.49 million in net income (profit) each year or $0.78 on an earnings per share basis. View Additional Information About Global Medical REIT.
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.
