Alliance Global Partners initiated coverage on shares of Global Medical REIT (NYSE:GMRE – Free Report) in a report released on Thursday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $12.00 target price on the stock.
Global Medical REIT Stock Up 0.3 %
NYSE:GMRE opened at $10.17 on Thursday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.20. Global Medical REIT has a twelve month low of $7.98 and a twelve month high of $11.59. The company has a market cap of $667.03 million, a PE ratio of 44.22, a P/E/G ratio of 1.39 and a beta of 1.24. The company’s 50 day moving average is $9.43 and its two-hundred day moving average is $8.98.
Global Medical REIT (NYSE:GMRE – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.25). The company had revenue of $34.24 million for the quarter, compared to analysts’ expectations of $35.24 million. Global Medical REIT had a net margin of 4.18% and a return on equity of 1.09%. During the same period last year, the firm earned $0.23 earnings per share. Analysts anticipate that Global Medical REIT will post 0.85 EPS for the current year.
Global Medical REIT Announces Dividend
Hedge Funds Weigh In On Global Medical REIT
Hedge funds and other institutional investors have recently bought and sold shares of the business. Quadrant Capital Group LLC boosted its holdings in shares of Global Medical REIT by 41.5% in the 4th quarter. Quadrant Capital Group LLC now owns 5,679 shares of the company’s stock valued at $63,000 after acquiring an additional 1,666 shares during the last quarter. Creekmur Asset Management LLC purchased a new stake in Global Medical REIT in the fourth quarter valued at $92,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Global Medical REIT during the 2nd quarter worth about $100,000. M&G Plc acquired a new position in shares of Global Medical REIT in the 1st quarter valued at about $141,000. Finally, BTC Capital Management Inc. acquired a new position in shares of Global Medical REIT in the 1st quarter valued at about $143,000. Institutional investors and hedge funds own 57.52% of the company’s stock.
Global Medical REIT Company Profile
Global Medical REIT Inc (GMRE) is a net-lease medical office real estate investment trust (REIT) that owns and acquires healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems.
See Also
- Five stocks we like better than Global Medical REIT
- Best Aerospace Stocks Investing
- Edgewise Therapeutics Soars 50%: Key Reasons Behind the Surge
- 3 Tickers Leading a Meme Stock Revival
- How the Fed’s Rate Cut Could Supercharge These 3 ETFs
- How Can Investors Benefit From After-Hours Trading
- Microsoft Stock: 3 Reasons It’s Ready to Crush Q4
Receive News & Ratings for Global Medical REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Medical REIT and related companies with MarketBeat.com's FREE daily email newsletter.