Somewhat Positive Press Coverage Somewhat Unlikely to Impact Global Medical REIT (NYSE:GMRE) Share Price

Press coverage about Global Medical REIT (NYSE:GMRE) has been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Global Medical REIT earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news articles about the company an impact score of 47.0916351899471 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

A number of analysts have commented on the company. B. Riley reissued a “buy” rating and issued a $10.50 target price on shares of Global Medical REIT in a report on Friday, November 10th. Zacks Investment Research downgraded Global Medical REIT from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. FBR & Co restated a “buy” rating and issued a $10.50 price target (up from $10.00) on shares of Global Medical REIT in a research note on Monday, September 18th. DA Davidson downgraded Global Medical REIT from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $11.00 to $10.00 in a research note on Tuesday, August 22nd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $12.00 target price on shares of Global Medical REIT in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Global Medical REIT currently has an average rating of “Buy” and a consensus target price of $10.60.

Global Medical REIT (NYSE GMRE) opened at $9.34 on Monday. Global Medical REIT has a 52-week low of $7.15 and a 52-week high of $10.25. The company has a market capitalization of $202.03, a PE ratio of 23.95, a PEG ratio of 2.97 and a beta of -0.18. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.22 and a quick ratio of 0.22.

WARNING: “Somewhat Positive Press Coverage Somewhat Unlikely to Impact Global Medical REIT (NYSE:GMRE) Share Price” was published by Week Herald and is the sole property of of Week Herald. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://weekherald.com/2017/12/04/global-medical-reit-gmre-earns-daily-news-impact-score-of-0-20.html.

About Global Medical REIT

Receive News & Ratings for Global Medical REIT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Medical REIT Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply