Global Medical REIT Inc. (GMRE) To Go Ex-Dividend on September 20th

Global Medical REIT Inc. (NYSE:GMRE) declared a quarterly dividend on Thursday, September 5th, NASDAQ reports. Shareholders of record on Friday, September 20th will be given a dividend of 0.21 per share on Tuesday, October 8th. This represents a $0.84 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date is Friday, September 20th.

Global Medical REIT has increased its dividend payment by an average of 18.0% per year over the last three years. Global Medical REIT has a dividend payout ratio of 1,680.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Global Medical REIT to earn $0.88 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 95.5%.

Global Medical REIT Trading Up 0.8 %

NYSE:GMRE opened at $10.15 on Wednesday. Global Medical REIT has a one year low of $7.98 and a one year high of $11.59. The business’s 50-day simple moving average is $9.39 and its 200 day simple moving average is $8.97. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market cap of $665.72 million, a price-to-earnings ratio of 44.13, a price-to-earnings-growth ratio of 1.39 and a beta of 1.24.

Global Medical REIT (NYSE:GMRE) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.25). Global Medical REIT had a return on equity of 1.09% and a net margin of 4.18%. The company had revenue of $34.24 million during the quarter, compared to the consensus estimate of $35.24 million. During the same quarter last year, the firm posted $0.23 EPS. As a group, sell-side analysts predict that Global Medical REIT will post 0.85 earnings per share for the current fiscal year.

Global Medical REIT Company Profile

Global Medical REIT Inc (GMRE) is a net-lease medical office real estate investment trust (REIT) that owns and acquires healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems.