Research analysts at Alliance Global Partners initiated coverage on shares of Global Medical REIT (NYSE:GMRE – Get Free Report) in a research note issued to investors on Thursday, Marketbeat reports. The firm set a “buy” rating and a $12.00 price target on the stock. Alliance Global Partners’ price objective would indicate a potential upside of 23.33% from the company’s previous close.
Global Medical REIT Stock Down 4.2 %
GMRE stock opened at $9.73 on Thursday. Global Medical REIT has a one year low of $7.98 and a one year high of $11.59. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.29 and a current ratio of 0.29. The firm’s fifty day moving average is $9.43 and its 200 day moving average is $8.99. The firm has a market cap of $638.17 million, a PE ratio of 42.30, a P/E/G ratio of 1.39 and a beta of 1.24.
Global Medical REIT (NYSE:GMRE – Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.25). Global Medical REIT had a net margin of 4.18% and a return on equity of 1.09%. The business had revenue of $34.24 million for the quarter, compared to analyst estimates of $35.24 million. During the same quarter last year, the business earned $0.23 earnings per share. On average, research analysts forecast that Global Medical REIT will post 0.85 EPS for the current year.
Hedge Funds Weigh In On Global Medical REIT
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.
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