NYSE:GMRE Global Medical REIT (GMRE) Stock Price, News & Analysis → Tech GIANT’s Plans to Revolutionize Crypto… (From Crypto 101 Media) (Ad) Free GMRE Stock Alerts $8.78 +0.31 (+3.66%) (As of 05/8/2024 ET) Add Compare Share Share Today's Range$8.31▼$8.7950-Day Range$7.98▼$9.1252-Week Range$7.98▼$11.59Volume417,112 shsAverage Volume385,807 shsMarket Capitalization$575.70 millionP/E Ratio38.17Dividend Yield9.57%Price Target$12.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Global Medical REIT alerts: Email Address Global Medical REIT MarketRank™ Stock AnalysisAnalyst Rating0.00 Rating ScoreUpside/Downside42.5% Upside$12.50 Price TargetShort InterestHealthy2.01% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-3.19Upright™ Environmental ScoreNews Sentiment0.11Based on 8 Articles This WeekInsider TradingN/AProj. Earnings Growth5.56%From $0.90 to $0.95 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.87 out of 5 starsFinance Sector320th out of 874 stocksReal Estate Investment Trusts Industry61st out of 180 stocks 2.0 Analyst's Opinion Amount of Analyst CoverageGlobal Medical REIT has received no research coverage in the past 90 days.Read more about Global Medical REIT's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.01% 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 3.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Global Medical REIT has recently increased by 7.32%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipGlobal Medical REIT is a leading dividend payer. It pays a dividend yield of 10.00%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthGlobal Medical REIT does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Global Medical REIT is 365.22%. 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 88.42% in the coming year. This indicates that Global Medical REIT may not be able to sustain their current dividend.Read more about Global Medical REIT's 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 2.8 News and Social Media Coverage News SentimentGlobal Medical REIT has a news sentiment score of 0.11. 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 lower news sentiment than the 0.53 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Global Medical REIT this week, compared to 1 article on an average week.Search Interest17 people have searched for GMRE on MarketBeat in the last 30 days. This is an increase of 183% compared to the previous 30 days.MarketBeat Follows9 people have added Global Medical REIT to their MarketBeat watchlist in the last 30 days. This is an increase of 13% compared to the previous 30 days. Previous Next 0.8 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 8.20% of the stock of Global Medical REIT is held by insiders.Percentage Held by Institutions57.52% 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.Read more about Global Medical REIT's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Global Medical REIT are expected to grow by 5.56% in the coming year, from $0.90 to $0.95 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Global Medical REIT is 38.13, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.91.Price to Earnings Ratio vs. SectorThe P/E ratio of Global Medical REIT is 38.13, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 56.22.Price to Book Value per Share RatioGlobal Medical REIT has a P/B Ratio of 1.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Global Medical REIT's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad InvestorPlaceElon’s New Device is About to Shock the WorldUsing this device you see above… Elon Musk just tested a new type of A.I. that according to Wired Magazine will usher in… “The next step in human evolution.” Click here to see the details because there’s a lot of money at stake. About Global Medical REIT Stock (NYSE:GMRE)Global Medical REIT Inc. (GMRE) is a net-lease medical office real estate investment trust (REIT) that owns and acquires healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems.Read More GMRE Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GMRE Stock News HeadlinesMay 7, 2024 | uk.finance.yahoo.comGlobal Medical REIT Inc. Reports Modest Growth in Q1 2024 Amid Strategic AcquisitionsMay 7, 2024 | washingtonpost.comGlobal Medical REIT: Q1 Earnings SnapshotMay 8, 2024 | Crypto 101 Media (Ad)Elon Musk Secret Crypto Plot ExposedReports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.May 7, 2024 | msn.comGMRE Stock Earnings: Global Medical REIT Misses EPS, Misses Revenue for Q1 2024May 7, 2024 | businesswire.comGlobal Medical REIT Announces First Quarter 2024 Financial ResultsMay 5, 2024 | americanbankingnews.comGlobal Medical REIT (GMRE) to Release Quarterly Earnings on TuesdayMay 4, 2024 | seekingalpha.com4 Healthcare REITs On The Crest Of The Silver TsunamiApril 23, 2024 | businesswire.comGlobal Medical REIT Inc. Announces Dates for First Quarter Earnings Release and WebcastMay 8, 2024 | Crypto 101 Media (Ad)Elon Musk Secret Crypto Plot ExposedReports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.April 16, 2024 | morningstar.comGlobal Medical REIT IncMarch 16, 2024 | finance.yahoo.comGMRE Oct 2024 10.000 putMarch 9, 2024 | seekingalpha.comGlobal Medical REIT Offers A 9.3% Dividend Yield And 7.6% On The PreferredsMarch 7, 2024 | finance.yahoo.comGlobal Medical REIT Inc. Board Declares 2024 First Quarter Common and Preferred DividendsMarch 1, 2024 | finance.yahoo.comGlobal Medical REIT Inc. (NYSE:GMRE) Q4 2023 Earnings Call TranscriptFebruary 29, 2024 | seekingalpha.comGlobal Medical REIT: Nothing Promising After Q4 Results, Still A HoldFebruary 29, 2024 | finance.yahoo.comQ4 2023 Global Medical REIT Inc Earnings CallFebruary 28, 2024 | seekingalpha.comGlobal Medical REIT Inc. 2023 Q4 - Results - Earnings Call PresentationFebruary 28, 2024 | markets.businessinsider.comStable Occupancy and Strategic Investment Fuel Buy Rating for Global Medical REITFebruary 27, 2024 | msn.comGlobal Medical REIT Q4 FFO nudges up from Q3, topping consensusFebruary 27, 2024 | finance.yahoo.comGlobal Medical REIT Inc. Reports Mixed Results Amidst Market ChallengesFebruary 27, 2024 | businesswire.comGlobal Medical REIT Announces Fourth Quarter and Year-End 2023 Financial ResultsFebruary 26, 2024 | markets.businessinsider.comGlobal Medical REIT is about to announce its earnings — here's what to expectFebruary 22, 2024 | finance.yahoo.comCity Office REIT (CIO) Q4 FFO Meet EstimatesFebruary 17, 2024 | finance.yahoo.comGMRE Mar 2024 10.000 putFebruary 12, 2024 | finance.yahoo.comGlobal Medical REIT Inc. Announces Dates for 2023 Fourth Quarter and Year-End Earnings Release and WebcastJanuary 26, 2024 | finance.yahoo.comGlobal Medical REIT Reports Tax Treatment of 2023 DividendsJanuary 9, 2024 | markets.businessinsider.comAchieving Growth and Investor Rewards: Global Medical REIT Flourishes with Strong Performance and Rising ProfitsSee More Headlines 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 Company Calendar Last Earnings5/04/2022Ex-Dividend for 4/9 Dividend3/21/2024Dividend Payable4/09/2024Today5/08/2024Next Earnings (Estimated)8/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryN/A Current SymbolNYSE:GMRE CUSIPN/A CIK1533615 Webwww.globalmedicalreit.com Phone(202) 524-6851FaxN/AEmployees26Year FoundedN/APrice Target and Rating Average Stock Price Target$12.50 High Stock Price Target$12.50 Low Stock Price Target$12.50 Potential Upside/Downside+43.8%Consensus Rating Rating Score (0-4)0.00 Research Coverage0 Analysts Profitability EPS (Most Recent Fiscal Year)$0.23 Trailing P/E Ratio37.78 Forward P/E Ratio9.66 P/E GrowthN/ANet Income$20.61 million Net Margins12.55% Pretax Margin15.41% Return on Equity3.20% Return on Assets1.35% Debt Debt-to-Equity Ratio1.11 Current Ratio0.17 Quick Ratio0.17 Sales & Book Value Annual Sales$141.05 million Price / Sales4.04 Cash Flow$1.29 per share Price / Cash Flow6.72 Book Value$8.10 per share Price / Book1.07Miscellaneous Outstanding Shares65,570,000Free Float60,198,000Market Cap$569.80 million OptionableOptionable Beta1.13 7 Stocks to Own Before the 2024 ElectionLooking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.Get This Free Report Key ExecutivesMr. Jeffrey M. Busch (Age 64)Chairman, President & CEO Comp: $979.22kMr. Robert J. Kiernan CPA (Age 58)CFO & Treasurer Comp: $559.16kMs. Danica C. Holley (Age 51)Chief Operating Officer Comp: $417.86kMr. Alfonzo Leon (Age 48)Chief Investment Officer Comp: $521.88kMr. Jamie A. Barber (Age 46)General Counsel & Corporate Secretary Comp: $389.64kMs. Mary JensenInvestor Relations ProfessionalMore ExecutivesKey CompetitorsDiversified Healthcare TrustNASDAQ:DHCNew York Mortgage TrustNASDAQ:NYMTFarmland PartnersNYSE:FPIUniversal Health Realty Income TrustNYSE:UHTWhitestone REITNYSE:WSRView All CompetitorsInstitutional OwnershipRedmond Asset Management LLCBought 54,854 shares on 5/7/2024Ownership: 0.375%Clifford Capital Partners LLCBought 44,641 shares on 5/7/2024Ownership: 0.068%Oppenheimer & Co. Inc.Bought 2,146 shares on 5/7/2024Ownership: 0.041%SG Americas Securities LLCSold 12,232 shares on 5/7/2024Ownership: 0.033%LSV Asset ManagementBought 553,408 shares on 5/6/2024Ownership: 1.584%View All Institutional Transactions GMRE Stock Analysis - Frequently Asked Questions What is Global Medical REIT's stock price target for 2024? 0 analysts have issued twelve-month price objectives for Global Medical REIT's stock. Their GMRE share price targets range from $12.50 to $12.50. On average, they anticipate the company's stock price to reach $12.50 in the next year. This suggests a possible upside of 42.5% 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 2024? Global Medical REIT's stock was trading at $11.10 at the start of the year. Since then, GMRE shares have decreased by 21.0% and is now trading at $8.77. View the best growth stocks for 2024 here. Are investors shorting Global Medical REIT? Global Medical REIT saw a increase in short interest in April. As of April 15th, there was short interest totaling 1,320,000 shares, an increase of 7.3% from the March 31st total of 1,230,000 shares. Based on an average trading volume of 399,800 shares, the days-to-cover ratio is currently 3.3 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 Wednesday, August 7th 2024. 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 EPS for the quarter, missing the consensus estimate of $0.23 by $0.19. Global Medical REIT had a trailing twelve-month return on equity of 3.20% and a net margin of 12.55%. During the same period in the previous year, the company 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 declared a quarterly dividend on Thursday, March 7th. Investors of record on Friday, March 22nd will be paid a dividend of $0.21 per share on Tuesday, April 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.58%. The ex-dividend date of this dividend is Thursday, March 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 10.00%. GMRE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 365.22%. 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 88.42% 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 ETFs hold Global Medical REIT's stock? ETFs with the largest weight of Global Medical REIT (NYSE:GMRE) stock in their portfolio include Invesco KBW Premium Yield Equity REIT ETF (KBWY), ALPS REIT Dividend Dogs ETF (RDOG), Sound Enhanced Fixed Income ETF (FXED) and Sound Enhanced Fixed Income ETF (SDEF).iShares Residential and Multisector Real Estate ETF (REZ). 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 Principal Financial Group (PFG), 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? Global Medical REIT (GMRE) raised $130 million in an IPO on Wednesday, June 29th 2016. The company issued 13,000,000 shares at $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 are Global Medical REIT's major shareholders? Global Medical REIT's stock is owned by many different retail and institutional investors. Top institutional investors include Sound Income Strategies LLC (1.64%), LSV Asset Management (1.58%), Redmond Asset Management LLC (0.38%), Allspring Global Investments Holdings LLC (0.35%), Pensionfund DSM Netherlands (0.25%) and Polaris Capital Management LLC (0.21%). Insiders that own company stock include Henry Cole and Jeffrey Busch. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. 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