Alliance Global Partners initiated coverage of Global Medical REIT with a Buy rating and $12 price target. The internally managed net-lease REIT primarily owns healthcare real estate, notes the analyst, who cites an improvement in the acquisition market, a balance sheet with liquidity and access to sources of capital to fund acquisitions, and valuation upside for the firm’s Buy rating.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GMRE: