S&P 500   5,254.35
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3 Value Stocks Too Small For Buffett’s Portfolio
Stock market today: Asian shares are mostly higher after another set of Wall St records
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Disney Stock Catches 3 Upgrades In a Single Week
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
S&P 500   5,254.35
DOW   39,807.40
QQQ   444.01
3 Value Stocks Too Small For Buffett’s Portfolio
Stock market today: Asian shares are mostly higher after another set of Wall St records
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Disney Stock Catches 3 Upgrades In a Single Week
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
S&P 500   5,254.35
DOW   39,807.40
QQQ   444.01
3 Value Stocks Too Small For Buffett’s Portfolio
Stock market today: Asian shares are mostly higher after another set of Wall St records
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Disney Stock Catches 3 Upgrades In a Single Week
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
S&P 500   5,254.35
DOW   39,807.40
QQQ   444.01
3 Value Stocks Too Small For Buffett’s Portfolio
Stock market today: Asian shares are mostly higher after another set of Wall St records
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Disney Stock Catches 3 Upgrades In a Single Week
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
NYSE:GMRE

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

$8.75
+0.15 (+1.74%)
(As of 03/28/2024 ET)
Today's Range
$8.60
$8.81
50-Day Range
$8.30
$10.42
52-Week Range
$8.06
$11.59
Volume
484,496 shs
Average Volume
467,963 shs
Market Capitalization
$573.74 million
P/E Ratio
38.04
Dividend Yield
9.60%
Price Target
$11.50

Global Medical REIT MarketRank™ Stock Analysis

Analyst Rating
0.00 Rating Score
Upside/​Downside
31.4% Upside
$11.50 Price Target
Short Interest
Healthy
1.91% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.19
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
5.56%
From $0.90 to $0.95 Per Share

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.

3.61 out of 5 stars

Finance Sector

388th out of 865 stocks

Real Estate Investment Trusts Industry

83rd out of 183 stocks

GMRE stock logo

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.

GMRE Stock Price History

GMRE Stock News Headlines

GMRE Oct 2024 10.000 put
“The Stock Market’s Bull Run is Far from Over” -Barrons
Barron's reports that the "stock market's bull run is FAR from over…" And recent economic growth will fuel the price of select stocks in the coming months!
Q4 2023 Global Medical REIT Inc Earnings Call
“The Stock Market’s Bull Run is Far from Over” -Barrons
Barron's reports that the "stock market's bull run is FAR from over…" And recent economic growth will fuel the price of select stocks in the coming months!
City Office REIT (CIO) Q4 FFO Meet Estimates
GMRE Mar 2024 10.000 put
Global Medical REIT Inc's Dividend Analysis
GMRE.PR.A Global Medical REIT Inc. 7.50% CUM PFD A
Q3 2023 Global Medical REIT Inc Earnings Call
See More Headlines
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Company Calendar

Last Earnings
5/04/2022
Ex-Dividend for 1/9 Dividend
12/26/2023
Dividend Payable
1/09/2024
Ex-Dividend for 4/9 Dividend
3/21/2024
Today
3/28/2024
Dividend Payable
4/09/2024
Next Earnings (Estimated)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Fax
N/A
Employees
26
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$11.50
High Stock Price Target
$12.50
Low Stock Price Target
$11.00
Potential Upside/Downside
+31.4%
Consensus Rating
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

Net Income
$20.61 million
Pretax Margin
15.41%

Debt

Sales & Book Value

Annual Sales
$141.05 million
Cash Flow
$1.32 per share
Book Value
$8.10 per share

Miscellaneous

Free Float
60,395,000
Market Cap
$573.74 million
Optionable
Optionable
Beta
1.13
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GMRE Stock Analysis - Frequently Asked Questions

What is Global Medical REIT's stock price target for 2024?

0 brokers have issued 12 month price targets for Global Medical REIT's shares. Their GMRE share price targets range from $11.00 to $12.50. On average, they expect the company's share price to reach $11.50 in the next year. This suggests a possible upside of 31.4% 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 the year. Since then, GMRE stock has decreased by 21.2% and is now trading at $8.75.
View the best growth stocks for 2024 here
.

Are investors shorting Global Medical REIT?

Global Medical REIT saw a increase in short interest in 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 short-interest 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, May 1st 2024.
View our GMRE earnings forecast
.

How were Global Medical REIT's earnings last quarter?

Global Medical REIT Inc. (NYSE:GMRE) announced its quarterly earnings results on Wednesday, May, 4th. The company reported $0.04 earnings per share 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 quarter in the prior year, the company earned $0.24 EPS.

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. 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 9.60%. 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 9.77%. 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 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 initial public offering (IPO) on Wednesday, June 29th 2016. The company issued 13,000,000 shares at a price of $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 variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.36%), Vanguard Group Inc. (9.36%), Brown Advisory Inc. (2.11%), Royal Bank of Canada (1.88%), Nuveen Asset Management LLC (1.73%) and Sound Income Strategies LLC (1.49%). 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.

This page (NYSE:GMRE) was last updated on 3/29/2024 by MarketBeat.com Staff

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