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

$9.56 0.22 (2.36 %)
(As of 11/21/2017 03:10 AM ET)
Previous Close$9.34
Today's Range$9.34 - $9.57
52-Week Range$7.12 - $10.25
Volume88,200 shs
Average Volume131,920 shs
Market Capitalization$202.03 million
P/E Ratio23.95
Dividend Yield8.57%
Beta-49.42

About Global Medical REIT (NYSE:GMRE)

Global Medical REIT logoGlobal Medical REIT Inc. is engaged primarily in the acquisition of licensed, purpose-built healthcare facilities and the leasing of these facilities to clinical operators with market share. The Company’s strategy is to produce increasing, reliable rental revenue by expanding its portfolio, and leasing its healthcare facilities to market operators under long-term triple-net leases.


Industry, Sector and Symbol:
  • Industry: Healthcare REITs
  • Sub-Industry: N/A
  • Sector: Financials
  • Symbol: NYSE:GMRE
  • CUSIP: N/A
  • Web: www.globalmedicalreit.com
Debt:
  • Debt-to-Equity Ratio: 0.72%
  • Current Ratio: 0.22%
  • Quick Ratio: 0.22%
Price-To-Earnings:
  • Trailing P/E Ratio: 23.95
  • Forward P/E Ratio: 27.31
  • P/E Growth: 2.97
Sales & Book Value:
  • Annual Sales: $8.21 million
  • Price / Sales: 25.19
  • Book Value: $8.81 per share
  • Price / Book: 1.09
Dividend:
  • Annual Dividend: $0.80
  • Dividend Yield: 8.6%
Profitability:
  • Trailing EPS: ($0.20)
  • Net Income: $-6,350,000.00
  • Net Margins: -19.98%
  • Return on Equity: -2.86%
  • Return on Assets: -1.39%
Misc:
  • Employees: 10
  • Outstanding Shares: 21,630,000
 

Frequently Asked Questions for Global Medical REIT (NYSE:GMRE)

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, September 8th. Shareholders of record on Tuesday, September 26th will be paid a dividend of $0.20 per share on Monday, October 9th. This represents a $0.80 annualized dividend and a yield of 8.37%. The ex-dividend date of this dividend is Monday, September 25th. View Global Medical REIT's Dividend History.

How were Global Medical REIT's earnings last quarter?

Global Medical REIT Inc. (NYSE:GMRE) issued its quarterly earnings data on Thursday, May, 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by $0.24. The business had revenue of $4.66 million for the quarter, compared to analysts' expectations of $5.32 million. Global Medical REIT had a negative return on equity of 2.86% and a negative net margin of 19.98%. View Global Medical REIT's Earnings History.

When will Global Medical REIT make its next earnings announcement?

Global Medical REIT is scheduled to release their next quarterly earnings announcement on Monday, March, 26th 2018. View Earnings Estimates for Global Medical REIT.

Where is Global Medical REIT's stock going? Where will Global Medical REIT's stock price be in 2017?

6 brokerages have issued 12 month price objectives for Global Medical REIT's stock. Their forecasts range from $10.00 to $12.00. On average, they anticipate Global Medical REIT's share price to reach $10.75 in the next year. 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. " (11/14/2017)
  • 2. FBR & Co analysts commented, "We are transferring coverage of Global Medical REIT to Bryan Maher due to a reallocation of research resources. Global Medical REIT is a young, albeit fast- growing, healthcare REIT that focuses on acquiring state-of-the-art medical office buildings (MOBs), outpatient and licensed medical facilities, which are leased to single tenants on a net lease basis. The portfolio currently encompasses 48 facilities, net leased to 39 tenants, and spans 1.12M square feet of leasable space. The facilities are among the youngest in the healthcare REIT universe (~12 years on average) and have an average of nine years remaining on their lease terms. The REIT recently completed a preferred share stock offering, netting ~$75M, which, when combined with existing cash, line availability, and leverage, could drive ~$200M in acquisitions over the next few quarters." (9/18/2017)

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

Who are Global Medical REIT's key executives?

Global Medical REIT's management team includes the folowing people:

  • Jeffrey Busch, Chairman of the Board, President, Chief Executive Officer (Age 57)
  • Robert J. Kiernan, Chief Financial Officer, Treasurer (Age 51)
  • Danica Holley, Chief Operating Officer (Age 43)
  • Mark W. Kennedy, Senior Vice President - Business Development
  • Alfonzo Leon, Chief Investment Officer (Age 40)
  • Conn Flanigan, General Counsel, Secretary (Age 48)
  • Allen Webb, Executive Officer (Age 47)
  • Henry Cole, Lead Independent Director (Age 71)
  • Matthew Cypher Ph.D., Director
  • Kurt R. Harrington, Director (Age 63)

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 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.

Who owns Global Medical REIT stock?

Global Medical REIT's stock is owned by a number of of retail and institutional investors. Top institutional investors include Manning & Napier Advisors LLC (2.74%), Neuberger Berman Group LLC (1.19%), Bank of New York Mellon Corp (0.67%), RMR Advisors LLC (0.00%), Janney Montgomery Scott LLC (0.54%) and Stifel Financial Corp (0.52%). Company insiders that own Global Medical REIT stock include Henry Cole, Jeffrey Busch and Zh Usa, Llc. View Institutional Ownership Trends for Global Medical REIT.

Who sold Global Medical REIT stock? Who is selling Global Medical REIT stock?

Global Medical REIT's stock was sold by a variety of institutional investors in the last quarter, including Oppenheimer & Co. Inc., Manning & Napier Advisors LLC and Neuberger Berman Group LLC. View Insider Buying and Selling for Global Medical REIT.

Who bought Global Medical REIT stock? Who is buying Global Medical REIT stock?

Global Medical REIT's stock was acquired by a variety of institutional investors in the last quarter, including Stifel Financial Corp, Asset Management One Co. Ltd., Janney Montgomery Scott LLC, D.A. Davidson & CO., B. Riley Financial Inc., RMR Advisors LLC, BB&T Securities LLC and Sumitomo Mitsui Trust Holdings Inc.. Company insiders that have bought Global Medical REIT stock in the last two years include Henry Cole, Jeffrey Busch and Zh Usa, Llc. View Insider Buying and Selling for Global Medical REIT.

How do I buy Global Medical REIT stock?

Shares of Global Medical REIT 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 Global Medical REIT stock can currently be purchased for approximately $9.56.

How big of a company is Global Medical REIT?

Global Medical REIT has a market capitalization of $202.03 million and generates $8.21 million in revenue each year. The company earns $-6,350,000.00 in net income (profit) each year or ($0.20) on an earnings per share basis. Global Medical REIT employs 10 workers across the globe.

How can I contact Global Medical REIT?

Global Medical REIT's mailing address is 4800 Montgomery Ln Ste 450, BETHESDA, MD 20814-3692, United States. The company can be reached via phone at +1-202-5246851.


MarketBeat Community Rating for Global Medical REIT (NYSE GMRE)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  83 (Vote Outperform)
Underperform Votes:  117 (Vote Underperform)
Total Votes:  200
MarketBeat's community ratings are surveys of what our community members think about Global Medical REIT and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Analysts' Consensus Rating for Global Medical REIT (NYSE:GMRE)

  (How are Consensus Ratings Calculated?)
Ratings Breakdown: 0 Sell Ratings, 1 Hold Rating, 5 Buy Ratings, 0 Strong Buy Ratings
Consensus Rating:Buy (Score: 2.83)
Consensus Price Target: $10.75 (12.45% upside)

Consensus Price Target History for Global Medical REIT (NYSE:GMRE)

Price Target History for Global Medical REIT (NYSE:GMRE)

Analysts' Ratings History for Global Medical REIT (NYSE:GMRE)

Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
11/10/2017B. RileyReiterated RatingBuy$10.50N/AView Rating Details
9/18/2017FBR & CoReiterated RatingBuy$10.00 -> $10.50HighView Rating Details
9/1/2017Cantor FitzgeraldReiterated RatingOverweight$12.00MediumView Rating Details
8/22/2017DA DavidsonDowngradeBuy -> Neutral$11.00 -> $10.00HighView Rating Details
3/28/2017Compass PointUpgradeNeutral -> BuyMediumView Rating Details
2/23/2017Janney Montgomery ScottInitiated CoverageBuyN/AView Rating Details
11/10/2016WunderlichDowngradeBuy -> HoldN/AView Rating Details
7/25/2016Oppenheimer Holdings, Inc.Initiated CoverageOutperform$12.00N/AView Rating Details
7/11/2016BB&T CorporationInitiated CoverageHold$10.50N/AView Rating Details
(Data available from 11/21/2015 forward)

Earnings

Earnings History and Estimates Chart for Global Medical REIT (NYSE:GMRE)

Earnings by Quarter for Global Medical REIT (NYSE:GMRE)

Earnings History by Quarter for Global Medical REIT (NYSE GMRE)

DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
3/26/2018        
8/10/2017Q2 2017$0.13($0.04)$6.16 million$7.42 millionViewN/AView Earnings Details
5/11/2017Q1 2017$0.10($0.14)$5.32 million$4.66 millionViewN/AView Earnings Details
3/27/2017Q4 2016($0.08)($0.11)$2.84 million$3.12 millionViewN/AView Earnings Details
11/10/2016Q316$0.04($0.03)$2.40 million$2.00 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Global Medical REIT (NYSE:GMRE)
2017 EPS Consensus Estimate: $0.16
2018 EPS Consensus Estimate: $0.77
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q4 20171$0.16$0.16$0.16
Q1 20181$0.17$0.17$0.17
Q2 20181$0.18$0.18$0.18
Q3 20181$0.21$0.21$0.21
Q4 20181$0.21$0.21$0.21
Q1 20191$0.19$0.19$0.19
Q2 20191$0.20$0.20$0.20
Q3 20191$0.21$0.21$0.21
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Global Medical REIT (NYSE:GMRE)

Most Recent Dividend:10/9/2017
Annual Dividend:$0.80
Dividend Yield:8.37%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:-400.00% (Trailing 12 Months of Earnings)
228.57% (Based on This Year's Estimates)
111.11% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Global Medical REIT (NYSE:GMRE)

Dividend History by Quarter for Global Medical REIT (NYSE GMRE)

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/8/2017Quarterly$0.208.68%9/25/20179/26/201710/9/2017
6/16/2017Quarterly$0.208.28%6/23/20176/27/20177/10/2017
3/20/2017Quarterly$0.209.7%3/23/20173/27/20174/10/2017
12/14/2016Quarterly$0.208.42%12/22/201612/27/20161/10/2017
9/14/2016Quarterly$0.209/23/20169/27/201610/11/2016
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Global Medical REIT (NYSE GMRE)

Insider Ownership Percentage: 16.51%
Institutional Ownership Percentage: 35.93%
Insider Trades by Quarter for Global Medical REIT (NYSE:GMRE)
Institutional Ownership by Quarter for Global Medical REIT (NYSE:GMRE)

Insider Trades by Quarter for Global Medical REIT (NYSE GMRE)

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
11/14/2017Henry ColeDirectorBuy1,000$9.30$9,300.00View SEC Filing  
11/14/2017Jeffrey BuschChairmanBuy2,630$9.29$24,432.70View SEC Filing  
6/30/2017Jeffrey BuschChairmanBuy11,100$9.00$99,900.00View SEC Filing  
7/1/2016Jeffrey BuschChairmanBuy9,000$10.01$90,090.00View SEC Filing  
7/1/2016Zh Usa, LlcMajor ShareholderBuy1,179,019$12.75$15,032,492.25View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Global Medical REIT (NYSE GMRE)

Source:

Social Media

Financials

Financials are not available for this stock.

Chart

Global Medical REIT (NYSE GMRE) Chart for Tuesday, November, 21, 2017
Loading chart…

This page was last updated on 11/21/2017 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.