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In the latest session, Global Medical REIT Inc (NYSE: GMRE) closed at $8.98 down -2.92% from its previous closing price of $9.25. In other words, the price has decreased by -$2.92 from its previous closing price. On the day, 0.58 million shares were traded. GMRE stock price reached its highest trading level at $9.0893 during the session, while it also had its lowest trading level at $8.85.
Ratios:
For a deeper understanding of Global Medical REIT Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 67.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.48. In the meantime, Its Debt-to-Equity ratio is 1.17 whereas as Long-Term Debt/Eq ratio is at 1.17.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Berenberg on October 18, 2024, initiated with a Buy rating and assigned the stock a target price of $11.75.
On September 19, 2024, Alliance Global Partners started tracking the stock assigning a Buy rating and target price of $12.
Robert W. Baird Downgraded its Outperform to Neutral on October 10, 2022, while the target price for the stock was maintained at $9.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GMRE now has a Market Capitalization of 620069824 and an Enterprise Value of 1320055936. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.25 while its Price-to-Book (P/B) ratio in mrq is 1.28. Its current Enterprise Value per Revenue stands at 9.665 whereas that against EBITDA is 15.178.
Stock Price History:
Over the past 52 weeks, GMRE has reached a high of $11.59, while it has fallen to a 52-week low of $7.98. The 50-Day Moving Average of the stock is -5.21%, while the 200-Day Moving Average is calculated to be -1.81%.
Shares Statistics:
For the past three months, GMRE has traded an average of 372.62K shares per day and 259860 over the past ten days. A total of 65.56M shares are outstanding, with a floating share count of 61.81M. Insiders hold about 5.76% of the company’s shares, while institutions hold 58.82% stake in the company. Shares short for GMRE as of 1728950400 were 1248038 with a Short Ratio of 3.35, compared to 1726185600 on 1112826. Therefore, it implies a Short% of Shares Outstanding of 1248038 and a Short% of Float of 2.02.
Dividends & Splits
According to the company, the forward annual dividend rate for GMRE is 0.84, from 0.21 in the trailing year. Against a Trailing Annual Dividend Yield of 0.022702701The stock’s 5-year Average Dividend Yield is 7.3.
