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Global Medical REIT (GMRE)
NYSE:GMRE
Global Medical REIT (GMRE) Stock Price & Analysis
608 Followers
GMRE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$7.38 - $11.19
Previous Close$8.89
Volume438.18K
Average Volume (3M)420.29K
Market Cap
$630.79M
Enterprise Value$1.26B
Total Cash (Recent Filing)$1.28M
Total Debt (Recent Filing)$611.23M
Price to Earnings (P/E)39.1
Beta1.21
Next Earnings
Jul 31, 2024EPS Estimate
>-$0.01Last Dividend Ex-Date
Mar 21, 2024Dividend Yield9.56%
Share Statistics
EPS (TTM)0.23
Shares Outstanding65,587,648
10 Day Avg. Volume399,834
30 Day Avg. Volume420,285
Standard Deviation0.09
R-Squared0.46
Alpha-0.00552
Financial Highlights & Ratios
Price to Book (P/B)1.57
Price to Sales (P/S)4.09
Price to Cash Flow (P/CF)7.90
P/FCF Ratio10.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue8.96
Enterprise Value/Gross Profit8.95
Enterprise Value/Ebitda16.92
Forecast
1Y Price Target
$10.00Price Target Upside12.49% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
Global Medical REIT News
PremiumCompany Announcements
Global Medical REIT: Shareholders Back Governance & Compensation Plans
PremiumPre-Earnings
Is GMRE a Buy, Before Earnings?
Bulls Say, Bears Say
Bulls Say
Financial PerformanceManagement sourced the deal at an attractive 8% cap rate which will allow for accelerated asset recycling and improve the overall quality of the portfolio.
Market ValuationThe company shares are trading attractively compared to the other healthcare REITs given that the company deserves at least a group average multiple.
Portfolio PerformanceRent coverage across the whole portfolio has shown a sequential improvement, with MOB leading at 6.6x.
Bears Say
Analyst ExpectationsAnalysts have lowered their Core FFO estimate for the next year after reviewing the latest results and management commentary.
BankruptcyOne of the Company's tenants, Steward Health Care, filed for Chapter 11 bankruptcy.
Financial PerformanceElevated 102% FAD dividend payout ratio indicates potential stress on the company's dividend sustainability.
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Ownership Overview
22.76%
Insiders
16.88% Mutual Funds
28.33% Other Institutional Investors
32.03% 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 $7.38 and its highest was $11.19 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 Jul 31, 2024 which is in 75 days.
How were Global Medical REIT’s earnings last quarter?
Global Medical REIT released its earnings results on May 07, 2024. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of $0.005 by $0.005.
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 9.56%. 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 $0.01 in its last earnings report, beating expectations of $0.005. Following the earnings report the stock price went up 3.542%.
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 865K.
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Global Medical REIT Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$10.00 (12.49% Upside)
$10.00 (12.49% Upside)
Blogger Sentiment
Bullish
GMRE Sentiment 85%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 65.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▲ 1.9%
Last 30 Days ▼ 1.9%
Last 30 Days ▼ 1.9%
Technicals
SMA
Negative
20 days / 200 days
Momentum
12.26%
12-Months-Change
Fundamentals
Return on Equity
3.49%
Trailing 12-Months
Asset Growth
-7.70%
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
Q1 2024
0:00 / 0:00
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GMRE Stock 12 Month Forecast
Average Price Target
$10.00
▲(12.49% Upside)
Technical Analysis
Healthpeak Properties
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Medical Properties
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Omega Healthcare
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Healthcare Realty Trust
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Best Analysts Covering GMRE
1 Year
1 Year Success Rate
17/22 ratings generated profit
1 Year Average Return
+17.12%
reiterated a buy rating 4 days ago
Copying Bryan Maher's trades and holding each position for 1 Year would result in 77.27% of your transactions generating a profit, with an average return of +17.12% per trade.
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