Colliers Securities analyst Barry Oxford maintained a Buy rating on Global Medical REIT (GMRE – Research Report) today and set a price target of $19.00. The company’s shares closed last Monday at $15.70.
According to TipRanks.com, Oxford is a 4-star analyst with an average return of 15.9% and a 72.9% success rate. Oxford covers the Financial sector, focusing on stocks such as Alpine Income Property Trust Inc, Preferred Apartment Communities, and Bluerock Residential Growth.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Global Medical REIT with a $18.50 average price target, which is a 17.0% upside from current levels. In a report released yesterday, BMO Capital also maintained a Buy rating on the stock with a $18.50 price target.
Global Medical REIT’s market cap is currently $1.07B and has a P/E ratio of 101.68.
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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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