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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$10.14
Volume969.43K
Average Volume (3M)368.43K
Market Cap
$721.09M
Enterprise Value$1.35B
Total Cash (Recent Filing)$4.98M
Total Debt (Recent Filing)$613.67M
Price to Earnings (P/E)―
Beta1.27
Next Earnings
Nov 06, 2024EPS Estimate
$0.02Last Dividend Ex-Date
Sep 20, 2024Dividend Yield8.28%
Share Statistics
EPS (TTM)0.00
Shares Outstanding65,587,648
10 Day Avg. Volume479,938
30 Day Avg. Volume368,430
Standard Deviation0.09
R-Squared0.51
Alpha-0.00782
Financial Highlights & Ratios
Price to Book (P/B)1.38
Price to Sales (P/S)4.83
Price to Cash Flow (P/CF)8.80
P/FCF Ratio8.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue9.80
Enterprise Value/Gross Profit11.97
Enterprise Value/Ebitda19.55
Forecast
1Y Price Target
$10.50Price Target Upside3.40% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
Global Medical REIT News
PremiumCompany Announcements
Global Medical REIT Updates Investor Presentation Online
PremiumCompany Announcements
Global Medical REIT: Shareholders Back Governance & Compensation Plans
Bulls Say, Bears Say
Bulls Say
Financial PerformanceManagement has become a net deployer of capital again as it takes advantage of a higher cap rate environment.
Market PositionThe company shares are trading attractively compared to the other healthcare REITs given that the company deserves at least a group average multiple.
Operational EfficiencyManagement is funding the acquisition deal with limited capital, showing efficient capital management.
Bears Say
Dividend CoverageLeverage ticked up (7.2x) with the dividend coverage (YTD 122% payout) remaining a headwind.
Revenue DeclineRevenue saw a 5.8% decrease from the previous year, mainly due to property sales during 2023.
Tenant BankruptcyOne of GMRE’s tenants, Steward Healthcare, declared bankruptcy and accounts for 2.8% of base rent.
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Ownership Overview
22.76%
Insiders
17.85% Mutual Funds
30.42% Other Institutional Investors
28.98% 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 Nov 06, 2024 which is in 47 days.
How were Global Medical REIT’s earnings last quarter?
Global Medical REIT released its earnings results on Aug 06, 2024. The company reported -$0.05 earnings per share for the quarter, missing the consensus estimate of -$0.005 by -$0.045.
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 8.28%. See more information on Global Medical REIT dividends here
What is Global Medical REIT’s EPS estimate?
Global Medical REIT’s EPS estimate is $0.02.
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 -$0.05 in its last earnings report, missing expectations of -$0.005. Following the earnings report the stock price went down -3.672%.
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:
$10.50 (3.40% Upside)
$10.50 (3.40% Upside)
Blogger Sentiment
Neutral
GMRE Sentiment 60%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 10.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.4%
Last 30 Days ▼ 3.6%
Last 30 Days ▼ 3.6%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
16.99%
12-Months-Change
Fundamentals
Return on Equity
0.98%
Trailing 12-Months
Asset Growth
-6.03%
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
Q2 2024
0:00 / 0:00
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GMRE Stock 12 Month Forecast
Average Price Target
$10.50
▲(3.40% Upside)
Technical Analysis
Best Analysts Covering GMRE
1 Year
1 Year Success Rate
18/22 ratings generated profit
1 Year Average Return
+18.76%
reiterated a buy rating 4 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 +18.76% per trade.
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