Streetbeat News

GMRE

Global Medical REIT Inc.

https://www.globalmedicalreit.com

Industry

REIT - Healthcare Facilities

Global Medical REIT Inc. is net-lease medical office REIT that acquires purpose-built specialized healthcare facilities and leases those facilities to strong healthcare systems and physician groups with leading market share.

Open

8.70

Mkt cap

577M

Volume

348K

High

8.73

P/E Ratio

-431.50

52-wk high

11.59

Low

8.59

Div yield

0.10

52-wk low

7.98

Global Medical REIT, Inc. (GMRE) held its Q3 2024 earnings conference call on November 7, 2024. Key company participants included CEO Jeff Busch, CIO Alfonzo Leon, and CFO Bob Kiernan. Analysts from KeyBanc, B. Riley, Baird, BMO Capital Markets, and Alliance Global Partners participated in the call.

Portfolio Pulse from

November 07, 2024 | 6:00 pm

Global Medical REIT (GMRE) reported Q3 funds from operations (FFO) of $0.22 per share, missing the Zacks Consensus Estimate of $0.23 per share. This is a decrease from the $0.23 per share reported a year ago.

Portfolio Pulse from

November 07, 2024 | 12:15 am

Berenberg has initiated coverage on Global Medical REIT (NYSE:GMRE) with a Buy rating and set a price target of $11.75.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 2:34 pm

Alliance Global Partners has initiated coverage on Global Medical REIT (NYSE:GMRE) with a Buy rating and set a price target of $12.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:29 pm

B. Riley Securities analyst Bryan Maher has maintained a Buy rating on Global Medical REIT (NYSE:GMRE) but lowered the price target from $11 to $10.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:45 pm

Global Medical REIT (NYSE:GMRE) reported Q1 2024 FFO of $0.23 per share, surpassing the $0.21 estimate, and sales of $35.069M, exceeding the $33.938M estimate. These results represent a 9.52% beat on FFO per share and a 3.33% beat on sales estimates, despite a 3.12% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:52 pm

Global Medical REIT (NYSE:GMRE) announced a quarterly dividend of 21 cents per share, going ex-dividend on Thursday. Shareholders owning the stock by the end of Wednesday are eligible for the payout on April 09, 2024.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 2:45 pm

Global Medical REIT (GMRE) reported Q4 2023 FFO of $0.23 per share, surpassing the $0.22 estimate. However, their sales of $32.93M fell short of the $35.64M estimate, marking a 9.26% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 9:25 pm

Numerous companies are scheduled to report their earnings on February 27, 2024, covering a wide range of industries from technology and healthcare to energy and financial services. The report includes a mix of expected quarterly losses and earnings, highlighting the diverse financial health and performance outlooks within the corporate landscape.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 10:01 am

Global Medical REIT (NYSE:GMRE) is distributing a dividend of $0.21 per share with an annualized yield of 8.06%. The dividend went ex-dividend on December 26, 2023, and is payable on January 9, 2024. The company has shown a positive trend in dividend growth from $0.80 to $0.84 per share from 2020 to 2023, and earnings per share have increased from $0.83 to $0.93 in the same period. Medical Properties Trust (NYSE:MPW) has the highest annualized dividend yield among industry peers at 25.96%.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 3:05 pm

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