Global Medical REIT Inc

Company Profile

Global Medical REIT Inc had its IPO on 2016-06-29 under the ticker symbol GMRE.

The company operates in the Real Estate sector and REIT-Healthcare Facilities industry. Global Medical REIT Inc has a staff strength of 29 employees.

Stock update

Shares of Global Medical REIT Inc opened at $9.5 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $9.5 - $9.66, and closed at $9.58.

This is a +0.31% increase from the previous day's closing price.

A total volume of 191,352 shares were traded at the close of the day’s session.

In the last one week, shares of Global Medical REIT Inc have slipped by -0.93%.

Global Medical REIT Inc's Key Ratios

Global Medical REIT Inc has a market cap of $626.19 million, indicating a price to book ratio of 1.1489 and a price to sales ratio of 5.2299.

In the last 12-months Global Medical REIT Inc’s revenue was $144.29 million with a gross profit of $136.93 million and an EBITDA of $94.92 million. The EBITDA ratio measures Global Medical REIT Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Global Medical REIT Inc’s operating margin was 27.7% while its return on assets stood at 1.87% with a return of equity of 4.38%.

In Q2, Global Medical REIT Inc’s quarterly earnings growth was a positive 500% while revenue growth was a positive 7.9%.

Global Medical REIT Inc’s PE and PEG Ratio

Forward PE

55.8659

Trailing PE

29.8438

PEG

-26.28

Its diluted EPS in the last 12-months stands at $0.32 per share while it has a forward price to earnings multiple of 55.8659 and a PEG multiple of -26.28. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Global Medical REIT Inc’s profitability.

Global Medical REIT Inc stock is trading at a EV to sales ratio of 10.8646 and a EV to EBITDA ratio of 14.1623. Its price to sales ratio in the trailing 12-months stood at 5.2299.

Global Medical REIT Inc stock pays annual dividends of $0.84 per share, indicating a yield of 8.91% and a payout ratio of 2.63%.

Balance sheet and cash flow metrics

Total Assets

$1.32 billion

Total Liabilities

$599.49 million

Operating Cash Flow

$61.97 million

Capital Expenditure

$1.97 million

Dividend Payout Ratio

2.63%

Global Medical REIT Inc ended 2024 with $1.32 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.32 billion while shareholder equity stood at $619.56 million.

Global Medical REIT Inc ended 2024 with $0 in deferred long-term liabilities, $599.49 million in other current liabilities, 66000.00 in common stock, $-213744000.00 in retained earnings and $5.90 million in goodwill. Its cash balance stood at $2.46 million and cash and short-term investments were $2.46 million. The company’s total short-term debt was $567,988,000 while long-term debt stood at $57.12 million.

Global Medical REIT Inc’s total current assets stands at $27.28 million while long-term investments were $35.86 million and short-term investments were $0. Its net receivables were $7.77 million compared to accounts payable of $15.46 million and inventory worth $0.

In 2024, Global Medical REIT Inc's operating cash flow was $61.97 million while its capital expenditure stood at $1.97 million.

Comparatively, Global Medical REIT Inc paid $0.03 in dividends in 2024.

Other key metrics

Current Trading Price

$9.58

52-Week High

$11.2408

52-Week Low

$6.5359

Analyst Target Price

$10.54

Global Medical REIT Inc stock is currently trading at $9.58 per share. It touched a 52-week high of $11.2408 and a 52-week low of $11.2408. Analysts tracking the stock have a 12-month average target price of $10.54.

Its 50-day moving average was $9.68 and 200-day moving average was $9.33 The short ratio stood at 3.5 indicating a short percent outstanding of 0%.

Around 577.2% of the company’s stock are held by insiders while 5824.4% are held by institutions.