Price Action Alert: Is Global Medical REIT Inc’s Fuel Running Low? The Stock Reaches All-Time Low Today

Price Action Alert: Is Global Medical REIT Inc's Fuel Running Low? The Stock Reaches All Time Low Today

The stock of Global Medical REIT Inc (NYSE:GMRE) reached all time low today, Nov, 10 and still has $7.10 target or 14.00% below today’s $8.25 share price. This indicates more downside for the $144.40M company. This technical setup was reported by Barchart.com. If the $7.10 PT is reached, the company will be worth $20.22 million 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. About 28,167 shares traded hands. Global Medical REIT Inc (NYSE:GMRE) has risen 6.00% since October 11, 2016 and is uptrending. It has outperformed by 0.35% 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. The firm earned “Hold” rating on Monday, July 11 by BB&T Capital. The rating was downgraded by Compass Point on Tuesday, September 20 to “Neutral”. On Monday, July 11 the stock rating was initiated by Compass Point with “Buy”. The stock of Global Medical REIT Inc (NYSE:GMRE) earned “Buy” rating by Wunderlich on Monday, July 11.

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 Inc. Provides Acquisition Update” on September 15, 2016, also Marketwatch.com with their article: “Global Medical REIT started at buy with $11.75 stock price target at …” published on February 11, 2014, Crainscleveland.com published: “Global Medical REIT Inc. plans to buy first Ohio properties for $10 million” on September 16, 2016. More interesting news about Global Medical REIT Inc (NYSE:GMRE) were released by: Businesswire.com and their article: “Global Medical REIT Inc. Announces Closing of Multiple Acquisitions of Medical …” published on October 10, 2016 as well as Businesswire.com‘s news article titled: “Global Medical REIT Inc. Schedules 2016 Third Quarter Financial Results …” with publication date: October 13, 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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