The stock of Global Medical REIT Inc (NYSE:GMRE) reached all time low today, Oct, 5 and still has $8.08 target or 11.00% below today’s $9.08 share price. This indicates more downside for the $156.31 million company. This technical setup was reported by Barchart.com. If the $8.08 PT is reached, the company will be worth $17.19M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. Global Medical REIT Inc (NYSE:GMRE) has risen 6.00% since September 5, 2016 and is uptrending. It has underperformed by 2.26% the S&P500.
Global Medical REIT Inc (NYSE:GMRE) Ratings Coverage
Out of 3 analysts covering Global Medical… (NYSE:GMRE), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Global Medical… has been the topic of 4 analyst reports since July 11, 2016 according to StockzIntelligence Inc. On Monday, July 11 the stock rating was initiated by Wunderlich with “Buy”. BB&T Capital initiated the shares of GMRE in a report on Monday, July 11 with “Hold” rating. The stock has “Neutral” rating given by Compass Point on Tuesday, September 20. As per Monday, July 11, the company rating was initiated by Compass Point.
According to Zacks Investment Research, “Global Medical REIT Inc. is engaged primarily in the acquisition of licensed, state-of-the-art, purpose-built healthcare facilities and the leasing of these facilities to clinical operators. Global Medical REIT Inc. is based in Denver, United States.”
More notable recent Global Medical REIT Inc (NYSE:GMRE) news were published by: Businesswire.com which released: “Global Medical REIT Expands Business Development Team with Appointment of Mark …” on October 04, 2016, also Crainscleveland.com with their article: “Global Medical REIT Inc. plans to buy first Ohio properties for $10 million” published on September 16, 2016, Marketwatch.com published: “Global Medical REIT Inc.” on February 11, 2014. More interesting news about Global Medical REIT Inc (NYSE:GMRE) were released by: Businesswire.com and their article: “Global Medical REIT Inc. Provides Acquisition Update” published on September 15, 2016 as well as Law360.com‘s news article titled: “3 Firms Steer Global Medical REIT’s $130M IPO” with publication date: June 30, 2016.
GMRE Company Profile
Global Medical REIT Inc., incorporated on January 6, 2014, focuses on operating as a real estate investment trust. The Firm is engaged primarily in the acquisition and leasing of licensed purpose-built healthcare facilities in certain markets with various clinical operators. The Firm seeks to invest in these purpose-built, specialized facilities, such as surgery centers, specialty hospitals and outpatient treatment centers. The Company’s healthcare facilities are typically leased, or under contract to be leased, under long-term triple-net leases on the date of purchase. The Firm may acquire existing healthcare facilities under sale-leaseback or similar arrangements, or it may contract to purchase facilities under development that are being built to an operator’s specifications. The Company’s tenant-operators are primarily physician group tenant-operators, community hospital tenant-operators and corporate medical treatment chain operators.
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