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Global Medical REIT (GMRE)
NYSE:GMRE
Holding GMRE?
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GMRE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$7.98 - $11.59
Previous Close$8.96
Volume781.28K
Average Volume (3M)385.47K
Market Cap
$637.66M
Enterprise Value$1.28B
Total Cash (Recent Filing)$5.72M
Total Debt (Recent Filing)$628.88M
Price to Earnings (P/E)―
Beta1.11
Next Earnings
Mar 04, 2025EPS Estimate
<$0.01Last Dividend Ex-Date
Sep 20, 2024Dividend Yield9.35%
Share Statistics
EPS (TTM)-0.02
Shares Outstanding65,587,648
10 Day Avg. Volume347,905
30 Day Avg. Volume385,474
Standard Deviation0.09
R-Squared0.51
Alpha-0.00933
Financial Highlights & Ratios
Price to Book (P/B)1.22
Price to Sales (P/S)4.28
Price to Cash Flow (P/CF)7.80
P/FCF Ratio7.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue9.40
Enterprise Value/Gross Profit11.37
Enterprise Value/Ebitda15.35
Forecast
1Y Price Target
$10.75Price Target Upside19.98% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
Global Medical REIT News
PremiumCompany Announcements
Global Medical REIT Reports Q3 2024 Financial Results
PremiumCompany Announcements
Global Medical REIT Updates Investor Presentation OnlineBulls Say, Bears Say
Bulls Say
Acquisition StrategyThe company announced a purchase agreement to acquire a five-property portfolio for $69.9M at a cap rate of 9%, demonstrating a strategic expansion in valuable real estate assets.
Financial PerformanceThe company reported core FFO above analyst expectations, driven by efficient capital management and lower operating expenses, highlighting strong financial health.
Lease AgreementsGMRE signed a new 15-year lease with CHRISTUS Health to backfill a large space, indicating strong long-term partnerships with high-credit healthcare operators.
Bears Say
Dividend ConcernsThe dividend remains uncovered.
Financial PerformanceLeverage ticked up to an elevated 7.4x.
Tenant BankruptcyOne of GMRE’s tenants, Steward Healthcare, declared bankruptcy and accounts for 2.8% of base rent.
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Ownership Overview
0.09%
Insiders
16.79% Mutual Funds
2.27% Other Institutional Investors
59.87% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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GMRE FAQ
What was Global Medical REIT’s price range in the past 12 months?
Global Medical REIT lowest stock price was $7.98 and its highest was $11.59 in the past 12 months.
What is Global Medical REIT’s market cap?
Currently, no data Available
When is Global Medical REIT’s upcoming earnings report date?
Global Medical REIT’s upcoming earnings report date is Mar 04, 2025 which is in 114 days.
How were Global Medical REIT’s earnings last quarter?
Global Medical REIT released its earnings results on Nov 06, 2024. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.015 by $0.015.
Is Global Medical REIT overvalued?
According to Wall Street analysts Global Medical REIT’s price is currently Undervalued.
Does Global Medical REIT pay dividends?
Global Medical REIT pays a Quarterly dividend of $0.21 which represents an annual dividend yield of 9.35%. See more information on Global Medical REIT dividends here
What is Global Medical REIT’s EPS estimate?
Global Medical REIT’s EPS estimate is <$0.01.
How many shares outstanding does Global Medical REIT have?
Global Medical REIT has 65,587,650 shares outstanding.
What happened to Global Medical REIT’s price movement after its last earnings report?
Global Medical REIT reported an EPS of $0.03 in its last earnings report, beating expectations of $0.015. Following the earnings report the stock price went down -2.919%.
Which hedge fund is a major shareholder of Global Medical REIT?
Among the largest hedge funds holding Global Medical REIT’s share is Polaris Capital Management LLC. It holds Global Medical REIT’s shares valued at 1M.
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Global Medical REIT Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$10.75 (19.98% Upside)
$10.75 (19.98% Upside)
Blogger Sentiment
Neutral
GMRE Sentiment 58%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 8.7K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▼ 1.8%
Last 30 Days ▲ 1.9%
Last 30 Days ▲ 1.9%
News Sentiment
Very Bearish
Bullish news 0%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Positive
20 days / 200 days
Momentum
5.81%
12-Months-Change
Fundamentals
Return on Equity
0.77%
Trailing 12-Months
Asset Growth
-4.60%
Trailing 12-Months
Company Description
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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GMRE Company Deck
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GMRE Earnings Call
Q3 2024
0:00 / 0:00
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GMRE Stock 12 Month Forecast
Average Price Target
$10.75
▲(19.98% Upside)
Technical Analysis
National Health Investors
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LTC Properties
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Omega Healthcare
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Sabra Healthcare REIT
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Best Analysts Covering GMRE
1 Year
1 Year Success Rate
18/22 ratings generated profit
1 Year Average Return
+17.73%
reiterated a buy rating 6 months ago
Copying Bryan Maher's trades and holding each position for 1 Year would result in 81.82% of your transactions generating a profit, with an average return of +17.73% per trade.
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