Media headlines about Global Medical REIT (NYSE:GMRE) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Global Medical REIT earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.2576048631554 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of research analysts have recently commented on the stock. B. Riley reissued a “buy” rating on shares of Global Medical REIT in a research report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Global Medical REIT from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Global Medical REIT has a consensus rating of “Buy” and a consensus target price of $10.45.
Shares of Global Medical REIT (NYSE GMRE) opened at $7.49 on Friday. Global Medical REIT has a 12 month low of $7.25 and a 12 month high of $10.25. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.22 and a current ratio of 0.22. The stock has a market cap of $165.91, a PE ratio of -27.74, a PEG ratio of 1.22 and a beta of -0.19.
Global Medical REIT (NYSE:GMRE) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.10). Global Medical REIT had a negative return on equity of 2.86% and a negative net margin of 19.98%. research analysts forecast that Global Medical REIT will post 0.34 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Tuesday, December 26th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 10.68%. The ex-dividend date of this dividend was Friday, December 22nd. Global Medical REIT’s dividend payout ratio is currently -296.30%.
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Global Medical REIT Company Profile
Global Medical REIT Inc is engaged primarily in the acquisition of licensed, purpose-built healthcare facilities and the leasing of these facilities to clinical operators with market share. The Company’s strategy is to produce increasing, reliable rental revenue by expanding its portfolio, and leasing its healthcare facilities to market operators under long-term triple-net leases.
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