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.
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Global Medical REIT Company Profile
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