Global Medical REIT (GMRE) to Release Quarterly Earnings on Tuesday

Global Medical REIT (NYSE:GMRE) is scheduled to issue 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 that are interested in registering for the company’s conference call can do so using this link.

Global Medical REIT Price Performance

Shares of GMRE opened at $8.40 on Monday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.17 and a current ratio of 0.17. The firm has a market cap of $550.79 million, a PE ratio of 36.52 and a beta of 1.13. The firm’s 50 day moving average price is $8.56 and its 200 day moving average price is $9.50. Global Medical REIT has a twelve month low of $7.98 and a twelve month high of $11.59.

Global Medical REIT Announces Dividend

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

Analysts Set New Price Targets

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

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.