Global Medical REIT Inc. (NYSE:XRN) Stock Has Consensus Price Target of $40.17 According to Brokerages

Shares of Global Medical REIT Inc. (NYSE:XRN) have been given a consensus rating of “Hold” by the eight ratings firms that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $38.60.

Several equities analysts have commented on XRN shares. Citizens Jmp dropped their price target on shares of Global Medical REIT from $42.00 to $35.00 and set a “market outperform” rating for the company in a research note on Wednesday. Huntington initiated coverage on Global Medical REIT in a report on Wednesday, November 4th. They issued a “hold” rating for the company. Cantor Fitzgerald began coverage on Global Medical REIT in a report on Monday, September 21st. They issued an “overweight” rating and a $43.00 target price for the company. Zacks Research raised Global Medical REIT to a “hold” rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings downgraded Global Medical REIT from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday.

Global Medical REIT Stock Performance

Shares of Global Medical REIT stock opened at $26.97 on Friday. Global Medical REIT has a one year low of $26.19 and a one year high of $38.65. The company has a market cap of $357.41 million, a price-to-earnings ratio of 7.47 and a beta of 1.10. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.59 and a current ratio of 0.70. The business’s 50 day moving average price is $32.99 and its 200 day moving average price is $35.17.

Global Medical REIT (NYSE:XRN) last posted its earnings results on Wednesday, November 4th. The company reported ($0.67) EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($1.22). Global Medical REIT had a net margin of 36.80% and a return on equity of 13.35%. The business had revenue of $40.34 million during the quarter. On average, research analysts predict that Global Medical REIT will post 2.89 EPS for the current year.

Global Medical REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, November 20th will be paid a $0.16 dividend. The ex-dividend date is Friday, November 20th. This represents a $1.92 dividend on an annualized basis and a yield of 7.1%. Global Medical REIT’s dividend payout ratio (DPR) is currently 54.86%.

Global Medical REIT Company Profile

Global Medical REIT, Inc. is a healthcare-focused real estate investment trust that acquires and owns purpose-built medical facilities. It leases these properties to healthcare providers, including physician groups and health systems, that use them to deliver patient care. The company’s properties include medical office buildings, specialty hospitals, ambulatory surgery centers and inpatient rehabilitation facilities. Its leases are generally structured to provide long-term occupancy for tenants while supporting the company’s rental-income business.