Global Medical REIT (GMRE) Set to Announce Quarterly Earnings on Tuesday

Global Medical REIT (NYSE:GMRE) will be issuing its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Parties interested in listening to the company’s earnings conference call can do so using this link.

Global Medical REIT Stock Up 0.8 %

Global Medical REIT stock opened at $8.40 on Monday. The firm has a market capitalization of $550.79 million, a price-to-earnings ratio of 36.52 and a beta of 1.13. The firm’s fifty day moving average price is $8.56 and its two-hundred day moving average price is $9.50. Global Medical REIT has a 1-year low of $7.98 and a 1-year high of $11.59. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.11.

Global Medical REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Friday, March 22nd were given a $0.21 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.84 annualized dividend and a yield of 10.00%. Global Medical REIT’s payout ratio is 365.22%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Global Medical REIT from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th.

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.