NYSE:GMRE Global Medical REIT (GMRE) Stock Price, News & Analysis → “Crash Insurance” For Your Retirement (From Unstoppable Prosperity) (Ad) Free GMRE Stock Alerts $9.04 +0.27 (+3.08%) (As of 05/9/2024 ET) Add Compare Share Share Today's Range$8.70▼$9.0950-Day Range$7.98▼$9.1252-Week Range$7.98▼$11.59Volume580,665 shsAverage Volume387,973 shsMarket Capitalization$592.80 millionP/E Ratio39.30Dividend Yield9.29%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/Downside38.3% Upside$12.50 Price TargetShort InterestHealthy2.01% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-3.19Upright™ Environmental ScoreNews Sentiment-0.48Based on 13 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.3.71 out of 5 starsFinance Sector356th out of 868 stocksReal Estate Investment Trusts Industry72nd out of 179 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 2.0 News and Social Media Coverage News SentimentGlobal Medical REIT has a news sentiment score of -0.48. 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 0.55 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 13 news articles for Global Medical REIT this week, compared to 2 articles 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 39.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.25.Price to Earnings Ratio vs. SectorThe P/E ratio of Global Medical REIT is 39.30, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 54.66.Price to Book Value per Share RatioGlobal Medical REIT has a P/B Ratio of 1.12. 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. 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(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 9, 2024 | seekingalpha.comGlobal Medical REIT: Better Q1 Than Expected, But Still A Cautious StanceMay 9, 2024 | finance.yahoo.comGlobal Medical REIT Inc. (NYSE:GMRE) Q1 2024 Earnings Call TranscriptMay 10, 2024 | Crypto 101 Media (Ad)The Crypto 9-5 Escape PlanA brand-new guide from the host of one of the world's largest cryptocurrency podcasts lays out an action plan that could help you retire quickly and comfortably in today's crypto market.May 9, 2024 | finance.yahoo.comGlobal Medical REIT Inc (GMRE) (Q1 2024) Earnings Call Transcript Highlights: Strategic ...May 9, 2024 | americanbankingnews.comGlobal Medical REIT (NYSE:GMRE) and EPR Properties (NYSE:EPR) Critical ComparisonMay 9, 2024 | finance.yahoo.comQ1 2024 Global Medical REIT Inc Earnings CallMay 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 10, 2024 | Crypto 101 Media (Ad)The Crypto 9-5 Escape PlanA brand-new guide from the host of one of the world's largest cryptocurrency podcasts lays out an action plan that could help you retire quickly and comfortably in today's crypto market.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 WebcastApril 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 expectSee 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 Payable4/09/2024Today5/09/2024Next 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+37.7%Consensus Rating Rating Score (0-4)0.00 Research Coverage0 Analysts Profitability EPS (Most Recent Fiscal Year)$0.23 Trailing P/E Ratio39.48 Forward P/E Ratio10.09 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$140.93 million Price / Sales4.22 Cash Flow$1.35 per share Price / Cash Flow6.72 Book Value$8.10 per share Price / Book1.12Miscellaneous Outstanding Shares65,575,000Free Float60,198,000Market Cap$595.42 million OptionableOptionable Beta1.13 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.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 OwnershipPacific Ridge Capital Partners LLCSold 46,266 shares on 5/9/2024Ownership: 0.945%State Board of Administration of Florida Retirement SystemSold 2,150 shares on 5/9/2024Ownership: 0.023%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%View All Institutional Transactions GMRE Stock Analysis - Frequently Asked Questions What is Global Medical REIT's stock price target for 2024? 0 Wall Street analysts have issued 12 month price targets for Global Medical REIT's stock. Their GMRE share price targets range from $12.50 to $12.50. On average, they predict the company's stock price to reach $12.50 in the next year. This suggests a possible upside of 38.3% 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 18.6% and is now trading at $9.04. 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 daily trading volume, of 399,800 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 Wednesday, August 7th 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 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 net margin of 12.55% and a trailing twelve-month return on equity of 3.20%. During the same quarter in the prior year, the business 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 announced a quarterly dividend on Thursday, March 7th. Stockholders 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 yield of 9.29%. The ex-dividend date 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 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 number of retail and institutional investors. Top institutional shareholders include Sound Income Strategies LLC (1.64%), LSV Asset Management (1.58%), Pacific Ridge Capital Partners LLC (0.95%), Redmond Asset Management LLC (0.38%), Allspring Global Investments Holdings LLC (0.35%) and Pensionfund DSM Netherlands (0.25%). 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 5/10/2024 by MarketBeat.com Staff From Our PartnersThe Crypto 9-5 Escape PlanCrypto 101 MediaHe Is Giving Away BitcoinCrypto Swap ProfitsForget AI, Imperium Is Expected to Grow 320,00% in 3 YearsBanyan Hill PublishingCharles Payne Demystifies OptionsUnstoppable ProsperityShocking: One AI startup's revenue could surge 4,735%Manward Press[URGENT] DO NOT Touch These AI Stocks!Weiss RatingsMissed NVDA? Buy this AI stock NOWChaikin AnalyticsGold ManiaStansberry Research Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Global Medical REIT Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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