Global Medical REIT Inc. (XRN) To Go Ex-Dividend on June 22nd

Global Medical REIT Inc. (NYSE:XRN) announced a monthly dividend on Tuesday, May 5th. Stockholders of record on Monday, June 22nd will be paid a dividend of 0.16 per share on Friday, July 17th. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Monday, June 22nd.

Global Medical REIT has decreased its dividend by an average of 0.0%annually over the last three years. Global Medical REIT has a dividend payout ratio of 3,840.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Global Medical REIT Price Performance

Shares of NYSE XRN opened at $35.14 on Friday. Global Medical REIT has a 1 year low of $29.05 and a 1 year high of $39.93. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.68 and a quick ratio of 0.68. The company’s 50-day moving average is $35.56 and its 200 day moving average is $35.19. The stock has a market capitalization of $465.10 million, a P/E ratio of -31.66 and a beta of 1.11.

About Global Medical REIT

Global Medical REIT (NYSE: GMRE) is a real estate investment trust focused on owning and managing healthcare-related properties across the United States. The company acquires, develops and leases a diversified portfolio of medical office buildings, outpatient facilities, long-term care centers and other specialized healthcare real estate. By concentrating on essential healthcare assets, Global Medical REIT seeks to generate stable, long-term rental income under triple-net and modified gross lease structures.

Since its incorporation in 2016 and initial public offering in 2017, the company has pursued an acquisitive growth strategy targeting markets with strong demographic trends and limited supply of modern medical facilities.