Global Medical REIT Inc Announces Dividend of $0.20 (GMRE)

Global Medical REIT Inc (NYSE:GMRE) announced a dividend on Friday, December 15th, Fidelity reports. Shareholders of record on Tuesday, December 26th will be paid a dividend of 0.20 per share on Wednesday, January 10th. The ex-dividend date of this dividend is Friday, December 22nd.

Shares of Global Medical REIT (NYSE GMRE) opened at $8.25 on Friday. Global Medical REIT has a one year low of $7.85 and a one year high of $10.25. The stock has a market capitalization of $178.46, a P/E ratio of 21.15, a price-to-earnings-growth ratio of 2.67 and a beta of -0.18. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.72.

Several brokerages have issued reports on GMRE. Zacks Investment Research upgraded Global Medical REIT from a “sell” rating to a “hold” rating and set a $10.00 price objective on the stock in a research note on Tuesday, November 14th. B. Riley reaffirmed a “buy” rating and set a $10.50 target price on shares of Global Medical REIT in a report on Friday, November 10th. FBR & Co reaffirmed a “buy” rating and set a $10.50 target price (up from $10.00) on shares of Global Medical REIT in a report on Monday, September 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $12.00 target price on shares of Global Medical REIT in a report on Friday, September 1st. Finally, DA Davidson lowered Global Medical REIT from a “buy” rating to a “neutral” rating and lowered their target price for the company from $11.00 to $10.00 in a report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Global Medical REIT currently has an average rating of “Buy” and an average price target of $10.60.

An institutional investor recently raised its position in Global Medical REIT stock. State Street Corp grew its stake in shares of Global Medical REIT Inc (NYSE:GMRE) by 9.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 234,183 shares of the company’s stock after purchasing an additional 20,804 shares during the quarter. State Street Corp’s holdings in Global Medical REIT were worth $2,094,000 as of its most recent SEC filing. Institutional investors own 41.00% of the company’s stock.

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Global Medical REIT Company Profile

Dividend History for Global Medical REIT (NYSE:GMRE)

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