Global Medical REIT Inc. (NYSE:GMRE - Get Free Report) declared a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Stockholders of record on Friday, March 21st will be paid a dividend of 0.21 per share on Wednesday, April 9th. This represents a $0.84 annualized dividend and a dividend yield of 9.37%. The ex-dividend date of this dividend is Friday, March 21st.
Global Medical REIT has decreased its dividend by an average of 0.2% annually over the last three years. Global Medical REIT has a dividend payout ratio of 840.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Global Medical REIT to earn $0.84 per share next year, which means the company may not be able to cover its $0.84 annual dividend with an expected future payout ratio of 100.0%.
Global Medical REIT Stock Performance
NYSE GMRE traded down $0.12 during trading hours on Tuesday, hitting $8.97. 563,044 shares of the company's stock traded hands, compared to its average volume of 416,387. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 1.26. Global Medical REIT has a 52 week low of $7.33 and a 52 week high of $10.46. The firm has a market capitalization of $598.89 million, a P/E ratio of -448.03, a P/E/G ratio of 1.43 and a beta of 1.24. The business's fifty day moving average price is $8.01 and its two-hundred day moving average price is $8.74.
Global Medical REIT (NYSE:GMRE - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.21. The company had revenue of $35.16 million for the quarter, compared to analysts' expectations of $34.87 million. Global Medical REIT had a net margin of 3.23% and a return on equity of 0.86%. Equities research analysts predict that Global Medical REIT will post 0.81 EPS for the current year.
About Global Medical REIT
(
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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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