Global Medical REIT (GMRE) Set to Announce Quarterly Earnings on Tuesday

Global Medical REIT (NYSE:GMRE) is set 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. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Global Medical REIT Trading Down 1.6 %

NYSE GMRE traded down $0.13 on Tuesday, hitting $8.16. 130,749 shares of the stock were exchanged, compared to its average volume of 377,583. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.17 and a current ratio of 0.17. Global Medical REIT has a 52-week low of $7.98 and a 52-week high of $11.59. The firm has a market capitalization of $535.05 million, a P/E ratio of 36.04 and a beta of 1.12. The stock has a fifty day moving average price of $8.65 and a two-hundred day moving average price of $9.52.

Global Medical REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Friday, March 22nd were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 10.29%. The ex-dividend date of this dividend was Thursday, March 21st. Global Medical REIT’s payout ratio is currently 365.22%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Global Medical REIT from a “buy” rating to a “hold” rating in a research note 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.