Global Medical REIT (NYSE:GMRE) Issues FY 2025 Earnings Guidance

Global Medical REIT (NYSE:GMRE) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 0.890-0.930 for the period, compared to the consensus EPS estimate of 0.860. The company issued revenue guidance of -.

Global Medical REIT Stock Down 0.1 %

Shares of NYSE:GMRE traded down $0.01 during midday trading on Thursday, hitting $8.49. The stock had a trading volume of 375,900 shares, compared to its average volume of 476,882. Global Medical REIT has a 12 month low of $7.33 and a 12 month high of $10.46. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 1.26. The business’s 50-day simple moving average is $7.94 and its 200-day simple moving average is $8.75. The company has a market cap of $566.82 million, a P/E ratio of -424.04, a PEG ratio of 1.43 and a beta of 1.24.

Global Medical REIT (NYSE:GMRE) last released its earnings results on Thursday, February 27th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.21. Global Medical REIT had a net margin of 3.23% and a return on equity of 0.86%. On average, sell-side analysts forecast that Global Medical REIT will post 0.81 earnings per share for the current fiscal year.

Global Medical REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.84 annualized dividend and a dividend yield of 9.90%. Global Medical REIT’s dividend payout ratio is presently -4,200.00%.

About Global Medical REIT

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.