Global Medical REIT (GMRE) Expected to Announce Earnings on Thursday

Global Medical REIT (NYSE:GMRE) is expected to post its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect Global Medical REIT to post earnings of $0.01 per share and revenue of $34.87 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Global Medical REIT Stock Performance

NYSE GMRE opened at $8.52 on Wednesday. The stock has a market capitalization of $568.83 million, a price-to-earnings ratio of -425.54, a PEG ratio of 1.43 and a beta of 1.24. Global Medical REIT has a twelve month low of $7.33 and a twelve month high of $10.46. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 1.26. The stock has a 50-day moving average of $7.93 and a 200 day moving average of $8.75.

Global Medical REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.84 dividend on an annualized basis and a yield of 9.86%. Global Medical REIT’s payout ratio is -4,200.00%.

Global Medical REIT Company Profile

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.