According to Zacks, “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. “
Several other research firms have also recently weighed in on GMRE. Boenning Scattergood set a $21.00 price target on Essential Properties Realty Trust and gave the company a buy rating in a report on Friday, May 10th. Stifel Nicolaus began coverage on SkyWest in a report on Monday, April 15th. They issued a buy rating and a $68.00 price target on the stock. TheStreet cut Trade Desk from a b- rating to a c- rating in a report on Thursday, May 9th. Finally, ValuEngine cut Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Global Medical REIT presently has a consensus rating of Buy and an average price target of $10.67.
Shares of GMRE opened at $10.78 on Thursday. The business’s 50-day moving average is $10.78. The stock has a market cap of $361.91 million, a PE ratio of 13.82, a price-to-earnings-growth ratio of 1.56 and a beta of 0.42. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.08 and a quick ratio of 0.08. Global Medical REIT has a 52-week low of $8.10 and a 52-week high of $11.51.
Global Medical REIT (NYSE:GMRE) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.18). The company had revenue of $15.20 million for the quarter, compared to analysts’ expectations of $15.32 million. Global Medical REIT had a return on equity of 5.52% and a net margin of 21.38%. As a group, research analysts predict that Global Medical REIT will post 0.77 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 11th. Shareholders of record on Wednesday, June 26th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, June 25th. This represents a $0.80 annualized dividend and a dividend yield of 7.42%. Global Medical REIT’s payout ratio is currently 102.56%.
Large investors have recently added to or reduced their stakes in the business. Marshall Wace LLP bought a new position in shares of Global Medical REIT during the 1st quarter valued at about $6,569,000. Psagot Investment House Ltd. bought a new position in shares of Global Medical REIT during the 1st quarter valued at about $6,085,000. Nordea Investment Management AB bought a new position in shares of Global Medical REIT during the 1st quarter valued at about $1,434,000. ClariVest Asset Management LLC bought a new position in shares of Global Medical REIT during the 1st quarter valued at about $1,434,000. Finally, Marshall Wace North America L.P. bought a new position in shares of Global Medical REIT during the 1st quarter valued at about $1,111,000. 51.96% of the stock is currently owned by hedge funds and other institutional investors.
About Global Medical REIT
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.
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