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How to buy Global Medical REIT stock | $13.9

Own Global Medical REIT stock in just a few minutes.

Fact checked

Global Medical REIT Inc is a reit-healthcare facilities business based in the US. Global Medical REIT shares (GMRE) are listed on the NYSE and all prices are listed in US Dollars.

How to buy shares in Global Medical REIT

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Global Medical REIT. Find the stock by name or ticker symbol: GMRE. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Global Medical REIT reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$13.9, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Global Medical REIT, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Global Medical REIT. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Global Medical REIT share price

Use our graph to track the performance of GMRE stocks over time.

Global Medical REIT shares at a glance

Information last updated 2020-12-26.
Latest market closeUSD$13.9
52-week rangeUSD$6.5148 - USD$14.887
50-day moving average USD$14.0156
200-day moving average USD$12.9903
Wall St. target priceUSD$15.56
PE ratio 161.875
Dividend yield USD$0.8 (5.81%)
Earnings per share (TTM) USD$0.084

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Global Medical REIT stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Global Medical REIT price performance over time

Historical closes compared with the close of $13.9 from 2020-12-18

1 week (2021-01-11) 7.67%
1 month (2020-12-18) 13.9
3 months (2020-10-16) 1.53%
6 months (2020-07-17) 21.82%
1 year (2020-01-17) -6.08%
2 years (2019-01-18) 45.70%
3 years (2018-01-18) 77.52%
5 years (2016-01-15) N/A

Is Global Medical REIT under- or over-valued?

Valuing Global Medical REIT stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Global Medical REIT's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Global Medical REIT's P/E ratio

Global Medical REIT's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 162x. In other words, Global Medical REIT shares trade at around 162x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Global Medical REIT's EBITDA

Global Medical REIT's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$60.2 million.

The EBITDA is a measure of a Global Medical REIT's overall financial performance and is widely used to measure a its profitability.

Global Medical REIT financials

Revenue TTM USD$89.3 million
Operating margin TTM 31.85%
Gross profit TTM USD$64.5 million
Return on assets TTM 1.93%
Return on equity TTM -0.56%
Profit margin -1.99%
Book value $7.462
Market capitalisation USD$645.7 million

TTM: trailing 12 months

Shorting Global Medical REIT shares

There are currently 686,603 Global Medical REIT shares held short by investors – that's known as Global Medical REIT's "short interest". This figure is 8.3% down from 748,389 last month.

There are a few different ways that this level of interest in shorting Global Medical REIT shares can be evaluated.

Global Medical REIT's "short interest ratio" (SIR)

Global Medical REIT's "short interest ratio" (SIR) is the quantity of Global Medical REIT shares currently shorted divided by the average quantity of Global Medical REIT shares traded daily (recently around 228867.66666667). Global Medical REIT's SIR currently stands at 3. In other words for every 100,000 Global Medical REIT shares traded daily on the market, roughly 3000 shares are currently held short.

However Global Medical REIT's short interest can also be evaluated against the total number of Global Medical REIT shares, or, against the total number of tradable Global Medical REIT shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Global Medical REIT's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Global Medical REIT shares in existence, roughly 10 shares are currently held short) or 0.0155% of the tradable shares (for every 100,000 tradable Global Medical REIT shares, roughly 16 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Global Medical REIT.

Find out more about how you can short Global Medical REIT stock.

Global Medical REIT share dividends

99%

Dividend payout ratio: 98.74% of net profits

Recently Global Medical REIT has paid out, on average, around 98.74% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 5.81% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Global Medical REIT shareholders could enjoy a 5.81% return on their shares, in the form of dividend payments. In Global Medical REIT's case, that would currently equate to about $0.8 per share.

Global Medical REIT's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

Global Medical REIT's most recent dividend payout was on 11 January 2021. The latest dividend was paid out to all shareholders who bought their shares by 24 December 2020 (the "ex-dividend date").

Have Global Medical REIT's shares ever split?

Global Medical REIT's shares were split on a 1:400 basis on 17 November 2014. So if you had owned 400 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Global Medical REIT shares – just the quantity. However, indirectly, the new 39900% higher share price could have impacted the market appetite for Global Medical REIT shares which in turn could have impacted Global Medical REIT's share price.

Global Medical REIT share price volatility

Over the last 12 months, Global Medical REIT's shares have ranged in value from as little as $6.5148 up to $14.887. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Global Medical REIT's is -5.6677. This would suggest that Global Medical REIT's shares have been inversely-correlated to the average (for this exchange) – so when the broader market trended up or down, Global Medical REIT has bucked the trend.

Global Medical REIT overview

Global Medical REIT Inc. is net-lease medical office REIT that acquires purpose-built specialized healthcare facilities and leases those facilities to strong healthcare systems and physician groups with leading market share.

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