Global Medical REIT Inc (NYSE: GMRE) is -21.08% lower on its value in year-to-date trading and has touched a low of $8.04 and a high of $11.59 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GMRE stock was last observed hovering at around $9.37 in the last trading session, with the day’s loss setting it -0.61%.
Currently trading at $8.76, the stock is -8.98% and -15.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.82 million and changing -6.51% at the moment leaves the stock -8.74% off its SMA200. GMRE registered -14.45% loss for a year compared to 6-month gain of -7.30%. The firm has a 50-day simple moving average (SMA 50) of $8.82 and a 200-day simple moving average (SMA200) of $11.08.
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The stock witnessed a -15.69% loss in the last 1 month and extending the period to 3 months gives it a -11.34%, and is -7.30% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.75% over the week and 2.30% over the month.
Global Medical REIT Inc (GMRE) has around 29 employees, a market worth around $574.31M and $152.17M in sales. Current P/E ratio is 38.81 and Fwd P/E is 175.20. Profit margin for the company is 9.72%. Distance from 52-week low is 8.96% and -24.38% from its 52-week high. The company has generated returns on investments over the last 12 months (1.23%).
Global Medical REIT Inc quarterly earnings per share for the current quarter are estimated at $0.01 with sales reaching $35.44M over the same period.The EPS is expected to shrink by -82.61% this year, but quarterly earnings will post 1.50% year-over-year. Quarterly sales are estimated to shrink -2.20% in year-over-year returns.
267 institutions hold shares in Global Medical REIT Inc (GMRE), with institutional investors hold 62.41% of the company’s shares. The shares outstanding are 65.56M, and float is at 61.78M with Short Float at 1.70%. Institutions hold 58.81% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 6.26 million shares valued at $57.12 million. The investor’s holdings represent 9.54% of the GMRE Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 5.21 million shares valued at $47.61 million to account for 7.95% of the shares outstanding. The other top investors are State Street Corporation which holds 1.94 million shares representing 2.95% and valued at over $17.67 million, while Geode Capital Management, LLC holds 2.14% of the shares totaling 1.41 million with a market value of $12.83 million.
Global Medical REIT Inc (GMRE) Insider Activity
A total of 0 insider transactions have happened at Global Medical REIT Inc (GMRE) in the last six months, with sales accounting for 0 and purchases happening 0 times.
Global Medical REIT Inc (GMRE): Who are the competitors?
One of the company’s main competitors (and peers) include Whitestone REIT (WSR) that is trading 30.31% up over the past 12 months.STAG Industrial Inc. (STAG) lies in the list of competitors of the Global Medical REIT Inc and is 12.52% higher over the same period from GMRETanger Inc. (SKT) is 52.29% up on the 1-year trading charts.
