NYSE:GMRE Global Medical REIT (GMRE) Stock Price, News & Analysis → “The Stock Market’s Bull Run is Far from Over” -Barrons (From Vertical Research Advisory) (Ad) Free GMRE Stock Alerts $8.75 +0.15 (+1.74%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range$8.60▼$8.8150-Day Range$8.30▼$10.4252-Week Range$8.06▼$11.59Volume484,496 shsAverage Volume467,963 shsMarket Capitalization$573.74 millionP/E Ratio38.04Dividend Yield9.60%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/Downside31.4% Upside$11.50 Price TargetShort InterestHealthy1.91% 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.3.61 out of 5 starsFinance Sector388th out of 865 stocksReal Estate Investment Trusts Industry83rd out of 183 stocks 2.0 Analyst's Opinion Price Target Upside/DownsideAccording to analysts' consensus price target of $11.50, Global Medical REIT has a forecasted upside of 31.4% from its current price of $8.75.Amount of Analyst CoverageGlobal Medical REIT has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.91% 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 7.76%, 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 9.77%, 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 1.1 News and Social Media Coverage News SentimentGlobal Medical REIT has a news sentiment score of -1.00. 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 0.60 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 1 news article for Global Medical REIT this week, compared to 2 articles on an average week.Search InterestOnly 10 people have searched for GMRE on MarketBeat in the last 30 days. This is a decrease of -29% compared to the previous 30 days.MarketBeat Follows11 people have added Global Medical REIT to their MarketBeat watchlist in the last 30 days. This is an increase of 267% 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 7.90% 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 38.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.68.Price to Earnings Ratio vs. SectorThe P/E ratio of Global Medical REIT is 38.04, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.34.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. Previous Next See Top Rated MarketRank™ Stocks Here Ad Vertical Research Advisory“The Stock Market’s Bull Run is Far from Over” -BarronsBarron'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!Click here for all the details now… 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 HeadlinesMarch 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 29, 2024 | Vertical Research Advisory (Ad)“The Stock Market’s Bull Run is Far from Over” -BarronsBarron'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!March 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 PresentationMarch 29, 2024 | Vertical Research Advisory (Ad)“The Stock Market’s Bull Run is Far from Over” -BarronsBarron'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!February 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?November 16, 2023 | seekingalpha.comGMRE.PR.A Global Medical REIT Inc. 7.50% CUM PFD ANovember 8, 2023 | finance.yahoo.comGlobal Medical REIT Inc. (NYSE:GMRE) Q3 2023 Earnings Call TranscriptNovember 8, 2023 | finance.yahoo.comQ3 2023 Global Medical REIT Inc Earnings CallSee 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 1/9 Dividend12/26/2023Dividend Payable1/09/2024Ex-Dividend for 4/9 Dividend3/21/2024Today3/28/2024Dividend Payable4/09/2024Next Earnings (Estimated)5/01/2024Fiscal 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+31.4%Consensus Rating Rating Score (0-4)0.00 Research Coverage0 Analysts Profitability EPS (Most Recent Fiscal Year)$0.23 Trailing P/E Ratio38.04 Forward P/E Ratio9.72 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 / Sales4.07 Cash Flow$1.32 per share Price / Cash Flow6.64 Book Value$8.10 per share Price / Book1.08Miscellaneous Outstanding Shares65,570,000Free Float60,395,000Market Cap$573.74 million OptionableOptionable Beta1.13 Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. 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 CompetitorsPeakstone Realty TrustNYSE:PKSTDiversified Healthcare TrustNASDAQ:DHCFarmland PartnersNYSE:FPITPG RE Finance TrustNYSE:TRTXWhitestone REITNYSE:WSRView All CompetitorsInstitutional OwnershipB. Riley Wealth Advisors Inc.Sold 20,153 shares on 3/15/2024Ownership: 0.099%Vanguard Group Inc.Bought 77,012 shares on 3/11/2024Ownership: 9.359%Wellington Management Group LLPBought 313,093 shares on 3/5/2024Ownership: 0.477%Goldman Sachs Group Inc.Sold 46,809 shares on 3/1/2024Ownership: 0.323%Creekmur Asset Management LLCBought 8,275 shares on 3/1/2024Ownership: 0.013%View All Institutional Transactions 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 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), Hoya Capital High Dividend Yield ETF (RIET), Sound Enhanced Fixed Income ETF (FXED), Sound Enhanced Fixed Income ETF (SDEF) and Arrow Dow Jones Global Yield ETF (GYLD).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 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. 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