The stock of Global Medical REIT Inc (NYSE:GMRE) is a huge mover today! About 345,308 shares traded hands or 132.19% up from the average. 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.
The move comes after 6 months negative chart setup for the $124.80M company. It was reported on Nov, 10 by Barchart.com. We have $6.27 PT which if reached, will make NYSE:GMRE worth $14.98 million less.
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 has “Hold” rating given on Monday, July 11 by BB&T Capital. Compass Point initiated the stock with “Buy” rating in Monday, July 11 report. Compass Point downgraded the shares of GMRE in a report on Tuesday, September 20 to “Neutral” rating. The rating was initiated by Wunderlich on Monday, July 11 with “Buy”.
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. Announces 2016 Third Quarter Financial Results” on November 10, 2016, also Businesswire.com with their article: “Global Medical REIT Inc. Provides Acquisition Update” published on September 15, 2016, Marketwatch.com published: “Global Medical REIT started at buy with $11.75 stock price target at …” on February 11, 2014. More interesting news about Global Medical REIT Inc (NYSE:GMRE) were released by: Crainscleveland.com and their article: “Global Medical REIT Inc. plans to buy first Ohio properties for $10 million” published on September 16, 2016 as well as Businesswire.com‘s news article titled: “Global Medical REIT Inc. Announces Closing of Multiple Acquisitions of Medical …” with publication date: October 10, 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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