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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

9.03

Mkt cap

588M

Volume

724K

High

9.07

P/E Ratio

38.96

52-wk high

11.59

Low

8.92

Div yield

0.09

52-wk low

7.98

Global Medical REIT Inc has filed for a mixed shelf offering according to a recent SEC filing. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:38 pm

Global Medical REIT (NYSE:GMRE) has announced a quarterly dividend of 21 cents per share, with the ex-dividend date set for Tuesday. Shareholders must own the stock before this date to be eligible for the dividend, which will be paid out on January 09, 2024. The stock is expected to open 21 cents lower on the ex-dividend date to reflect the payout.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 2:45 pm

Global Medical REIT (NYSE:GMRE) reported Q3 2023 earnings of $0.23 per share, down 8% YoY. The company's quarterly sales were $35.49 million, missing the analyst consensus estimate of $36.00 million by 1.43%.

Portfolio Pulse from totan@benzinga.com

November 06, 2023 | 9:28 pm

Global Medical REIT (NYSE:GMRE) reported Q2 earnings of $0.23 per share, a decrease of 8% YoY. However, the company's quarterly sales of $36.32 million beat the analyst consensus estimate of $36.29 million by 0.07%, marking a 7.83% increase YoY.

Portfolio Pulse from mahesh@benzinga.com

August 04, 2023 | 12:22 pm

Three real estate stocks with over 6% dividend yields have been highlighted by Wall Street's most accurate analysts. These include Global Medical REIT Inc. (GMRE) with a dividend yield of 8.48%, Broadstone Net Lease, Inc. (BNL) with a yield of 6.87%, and Physicians Realty Trust (DOC) with a yield of 6.24%. Recent news for these companies include downbeat Q1 sales for GMRE, better-than-expected Q1 sales for BNL, and a Q1 revenue increase for DOC.

Portfolio Pulse from Lisa Levin

August 01, 2023 | 1:20 pm

Three high-yielding dividend stocks in the real estate sector have been highlighted by Wall Street's most accurate analysts. These include SL Green Realty Corp. (SLG), Sabra Health Care REIT, Inc. (SBRA), and Global Medical REIT Inc. (GMRE). SLG recently sold its 49.9% stake in the 245 Park Avenue property at a $2 billion valuation. SBRA posted better-than-expected quarterly sales, while GMRE reported downbeat first-quarter sales.

Portfolio Pulse from Lisa Levin

July 18, 2023 | 12:39 pm

Global Medical REIT (NYSE:GMRE) is set to reward its shareholders with a dividend payout of $0.21 per share, demonstrating an annualized dividend yield of 9.08%. The company has shown a steady increase in its dividend per share from $0.80 in 2019 to $0.84 in 2022. Additionally, the company's earnings per share have also increased from $0.74 in 2019 to $0.98 in 2022, indicating a strong financial position and potential for higher cash dividend payouts in the future.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 1:37 pm

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