Global Medical REIT (NYSE:GMRE) Issues Earnings Results, Beats Estimates By $0.21 EPS

Global Medical REIT (NYSE:GMRE) issued its quarterly earnings data on Thursday. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.21, Zacks reports. Global Medical REIT had a return on equity of 0.86% and a net margin of 3.23%.

Global Medical REIT Stock Down 0.1 %

Global Medical REIT stock traded down $0.01 during mid-day trading on Thursday, hitting $8.49. 372,634 shares of the company’s stock were exchanged, compared to its average volume of 476,795. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 1.26. The stock has a market cap of $566.82 million, a P/E ratio of -424.04, a P/E/G ratio of 1.43 and a beta of 1.24. Global Medical REIT has a 1-year low of $7.33 and a 1-year high of $10.46. The stock has a 50 day moving average of $7.94 and a two-hundred day moving average of $8.75.

Global Medical REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.84 annualized dividend and a dividend yield of 9.90%. Global Medical REIT’s dividend payout ratio is -4,200.00%.

About Global Medical REIT

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.