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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$7.68 - $11.59
Previous Close$7.86
Volume1.44M
Average Volume (3M)379.51K
Market Cap
$574.07M
Enterprise Value$1.22B
Total Cash (Recent Filing)$5.72M
Total Debt (Recent Filing)$628.88M
Price to Earnings (P/E)―
Beta1.12
Next Earnings
Mar 04, 2025Last Dividend Ex-Date
Dec 20, 2024Dividend Yield10.57%
Share Statistics
EPS (TTM)-0.02
Shares Outstanding66,803,348
10 Day Avg. Volume752,338
30 Day Avg. Volume379,506
Standard Deviation0.09
R-Squared0.51
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)1.12
Price to Sales (P/S)3.89
Price to Cash Flow (P/CF)8.10
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue8.93
Enterprise Value/Gross Profit10.80
Enterprise Value/Ebitda14.59
Forecast
1Y Price Target
$10.44Price Target Upside32.82% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
Global Medical REIT News
PremiumCompany Announcements
Global Medical REIT Focuses on Growth and Stability
PremiumCompany Announcements
Global Medical REIT Reports Q3 2024 Financial Results
Bulls Say, Bears Say
Bulls Say
AcquisitionsManagement has accelerated its acquisition pace and closed on $80mm in acquisitions, with another portfolio under contract for $70mm.
Financial PerformanceThe company maintained very high occupancy at 96.1% as their high credit healthcare operators remain in good financial shape with a 4.6x rent coverage ratio.
Tenant ReplacementThe announcement of a replacement tenant for a hospital formerly leased by Steward Healthcare removes an overhang.
Bears Say
Financial PerformanceLeverage ticked up to an elevated 7.4x.
Financial StabilityThe dividend remains uncovered.
Operational ChallengesIn 3Q, Steward Health Care formally rejected its lease at the Beaumont Health Facility, which accounted for 86% of total Steward related rent.
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Ownership Overview
0.09%
Insiders
16.95% Mutual Funds
12.26% Other Institutional Investors
49.72% 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 $7.68 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 72 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 $0.209 which represents an annual dividend yield of 10.57%. 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.
How many shares outstanding does Global Medical REIT have?
Global Medical REIT has 66,803,345 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 -2.889%.
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 2M.
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Global Medical REIT Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$10.44 (32.82% Upside)
$10.44 (32.82% Upside)
Blogger Sentiment
Neutral
GMRE Sentiment 58%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 59.8K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.8%
Last 30 Days ▼ 4.7%
Last 30 Days ▼ 4.7%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-20.65%
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
Earnings Call Sentiment|Neutral
The earnings call highlighted positive aspects such as high occupancy rates, successful acquisitions, and effective balance sheet management. However, challenges included decreased net income and revenues, as well as the impact of Steward Healthcare's bankruptcy. Despite these challenges, management expressed optimism about future acquisitions and strategic initiatives.Read More>---
GMRE Stock 12 Month Forecast
Average Price Target
$10.44
▲(32.82% 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
17/23 ratings generated profit
1 Year Average Return
+15.91%
reiterated a buy rating 2 months ago
Copying Bryan Maher's trades and holding each position for 1 Year would result in 73.91% of your transactions generating a profit, with an average return of +15.91% per trade.
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