Shares of Global Medical REIT Inc (NYSE:GMRE) have earned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $10.75.
A number of analysts have commented on GMRE shares. B. Riley reaffirmed a “buy” rating and set a $10.50 target price on shares of Global Medical REIT in a report on Friday, November 10th. Zacks Investment Research raised shares of Global Medical REIT from a “sell” rating to a “hold” rating and set a $10.00 target price for the company in a report on Tuesday, November 14th. Finally, TheStreet cut shares of Global Medical REIT from a “c-” rating to a “d” rating in a report on Thursday, February 1st.
Global Medical REIT (NYSE GMRE) traded down $0.01 on Wednesday, hitting $7.58. 84,100 shares of the stock traded hands, compared to its average volume of 124,730. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.22 and a quick ratio of 0.22. Global Medical REIT has a 1 year low of $6.84 and a 1 year high of $10.25. The stock has a market capitalization of $163.96, a PE ratio of 19.44, a price-to-earnings-growth ratio of 1.20 and a beta of -0.19.
COPYRIGHT VIOLATION NOTICE: This piece was originally posted by Week Herald and is the property of of Week Herald. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this piece can be read at https://weekherald.com/2018/03/14/global-medical-reit-inc-gmre-receives-10-20-consensus-target-price-from-brokerages.html.
About Global Medical REIT
Global Medical REIT Inc is engaged primarily in the acquisition of licensed, purpose-built healthcare facilities and the leasing of these facilities to clinical operators with market share. The Company’s strategy is to produce increasing, reliable rental revenue by expanding its portfolio, and leasing its healthcare facilities to market operators under long-term triple-net leases.
Receive News & Ratings for Global Medical REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Medical REIT and related companies with MarketBeat.com's FREE daily email newsletter.