NYSE:GMRE Global Medical REIT (GMRE) Stock Price, News & Analysis → top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL) (From Traders Agency) (Ad) Free GMRE Stock Alerts $8.17 -0.02 (-0.24%) (As of 04/24/2024 ET) Add Compare Share Share Today's Range$8.05▼$8.2050-Day Range$7.98▼$9.7652-Week Range$7.98▼$11.59Volume507,542 shsAverage Volume371,426 shsMarket Capitalization$535.71 millionP/E Ratio35.52Dividend Yield10.28%Price Target$11.50 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/Downside40.8% Upside$11.50 Price TargetShort InterestHealthy1.88% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-3.19Upright™ Environmental ScoreNews SentimentN/AInsider 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.3.88 out of 5 starsFinance Sector345th out of 859 stocksReal Estate Investment Trusts Industry75th out of 181 stocks 2.0 Analyst's Opinion Amount of Analyst CoverageGlobal Medical REIT has received no research coverage in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.88% 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 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Global Medical REIT has recently decreased by 1.60%, indicating that investor sentiment is improving. Previous Next 1.7 Dividend Strength Dividend LeadershipGlobal Medical REIT is a leading dividend payer. It pays a dividend yield of 10.26%, 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. 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 2.1 News and Social Media Coverage News SentimentGlobal Medical REIT has a news sentiment score of -0.27. 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 0.51 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 1 news article for Global Medical REIT this week, compared to 1 article on an average week.Search Interest12 people have searched for GMRE on MarketBeat in the last 30 days. This is an increase of 50% 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 29% 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. 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 35.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.92.Price to Earnings Ratio vs. SectorThe P/E ratio of Global Medical REIT is 35.52, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 57.86.Price to Book Value per Share RatioGlobal Medical REIT has a P/B Ratio of 1.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Traders Agencytop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.Click here now for the full details of this stock that’s set to rocket in the AI revolution… 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 HeadlinesApril 23, 2024 | businesswire.comGlobal Medical REIT Inc. Announces Dates for First Quarter Earnings Release and WebcastApril 18, 2024 | americanbankingnews.comGlobal Medical REIT (NYSE:GMRE) Reaches New 12-Month Low at $8.02April 25, 2024 | Traders Agency (Ad)top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.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 TranscriptApril 25, 2024 | Traders Agency (Ad)top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.February 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 ProfitsDecember 25, 2023 | finance.yahoo.comGlobal Medical REIT Inc's Dividend AnalysisDecember 22, 2023 | msn.comGlobal Medical REIT files for a mixed securities shelfDecember 21, 2023 | benzinga.comMonday Is Your Last Chance To Buy Global Medical REIT Before The Dividend PayoutDecember 12, 2023 | finance.yahoo.comGlobal Medical REIT Inc. Board Declares 2023 Fourth Quarter Common and Preferred DividendsDecember 11, 2023 | finance.yahoo.comShould You Buy Global Medical REIT (GMRE) After Golden Cross?See 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 Payable4/09/2024Today4/25/2024Next Earnings (Confirmed)5/07/2024Fiscal 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$11.50 High Stock Price Target$12.50 Low Stock Price Target$11.00 Potential Upside/Downside+40.8%Consensus Rating Rating Score (0-4)0.00 Research Coverage0 Analysts Profitability EPS (Most Recent Fiscal Year)$0.23 Trailing P/E Ratio35.52 Forward P/E Ratio9.08 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 / Sales3.80 Cash Flow$1.25 per share Price / Cash Flow6.55 Book Value$8.10 per share Price / Book1.01Miscellaneous Outstanding Shares65,570,000Free Float60,198,000Market Cap$535.71 million OptionableOptionable Beta1.12 Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.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 CompetitorsFarmland PartnersNYSE:FPIPeakstone Realty TrustNYSE:PKSTWhitestone REITNYSE:WSRDiversified Healthcare TrustNASDAQ:DHCOne Liberty PropertiesNYSE:OLPView All CompetitorsInstitutional OwnershipPolaris Capital Management LLCBought 57,600 shares on 4/24/2024Ownership: 0.207%Sumitomo Mitsui Trust Holdings Inc.Sold 1,820 shares on 4/19/2024Ownership: 0.111%Allspring Global Investments Holdings LLCSold 63,773 shares on 4/18/2024Ownership: 0.350%First Dallas Securities Inc.Sold 3,000 shares on 4/16/2024Ownership: 0.056%Sound Income Strategies LLCBought 97,630 shares on 4/15/2024Ownership: 1.640%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 1-year target prices for Global Medical REIT's shares. Their GMRE share price targets range from $11.00 to $12.50. On average, they predict the company's stock price to reach $11.50 in the next twelve months. This suggests a possible upside of 40.8% 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 beginning of 2024. Since then, GMRE shares have decreased by 26.4% and is now trading at $8.17. View the best growth stocks for 2024 here. Are investors shorting Global Medical REIT? Global Medical REIT saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 1,250,000 shares, an increase of 7.8% from the February 29th total of 1,160,000 shares. Based on an average trading volume of 376,200 shares, the days-to-cover ratio is presently 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 Tuesday, May 7th 2024. View our GMRE earnings forecast. How can I listen to Global Medical REIT's earnings call? Global Medical REIT will be holding an earnings conference call on Wednesday, May 8th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "10187622". How were Global Medical REIT's earnings last quarter? Global Medical REIT Inc. (NYSE:GMRE) issued its quarterly earnings results on Wednesday, May, 4th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates 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 prior year, the business earned $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 announced a quarterly dividend on Thursday, March 7th. Shareholders of record on Friday, March 22nd will be given a dividend of $0.21 per share on Tuesday, April 9th. This represents a $0.84 annualized dividend and a yield of 10.28%. 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 10.26%. 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 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 a number of institutional and retail investors. Top institutional investors include Sound Income Strategies LLC (1.64%), Allspring Global Investments Holdings LLC (0.35%), Pensionfund DSM Netherlands (0.25%), Polaris Capital Management LLC (0.21%), Royal Fund Management LLC (0.13%) and Sumitomo Mitsui Trust Holdings Inc. (0.11%). 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. 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