Global Medical REIT Inc GMRE
About Quantitative Ratings
Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.
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News
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Global Medical REIT Inc. Announces Dates for First Quarter Earnings Release and Webcast
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Global Medical REIT Inc. Board Declares 2024 First Quarter Common and Preferred Dividends
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Global Medical REIT Announces Fourth Quarter and Year-End 2023 Financial Results
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Global Medical REIT Inc. Announces Dates for 2023 Fourth Quarter and Year-End Earnings Release and Webcast
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Global Medical REIT Reports Tax Treatment of 2023 Dividends
Trading Information
- Previous Close Price
- $8.16
- Day Range
- $8.06–8.17
- 52-Week Range
- $7.98–11.59
- Bid/Ask
- $8.07 / $8.15
- Market Cap
- $530.60 Mil
- Volume/Avg
- 277,319 / 414,042
Key Statistics
- Price/Earnings (Normalized)
- 13.07
- Price/Sales
- 3.81
- Dividend Yield (Trailing)
- 10.24%
- Dividend Yield (Forward)
- 10.24%
- Total Yield
- 10.26%
Company Profile
Global Medical REIT Inc is a Maryland corporation engaged predominantly in the acquisition of purpose-built healthcare facilities and the leasing of those facilities to physician groups and regional and national healthcare systems. The company's principal business objective is to provide attractive, risk-adjusted returns to its stockholders through a combination of reliable dividends and long-term capital appreciation. Its healthcare facilities are located in secondary markets and suburbs of primary markets and are typically leased to single-tenants under triple-net leases.
- Sector
- Real Estate
- Industry
- REIT - Healthcare Facilities
- Stock Style Box
- Small Core
- Total Number of Employees
- 26
Comparables
Valuation
|
Metric
|
GMRE
|
CHCT
|
GRAH
|
|---|---|---|---|
Price/Earnings (Normalized) | 13.07 | 40.21 | — |
Price/Book Value | 1.06 | 1.39 | — |
Price/Sales | 3.81 | 5.77 | — |
Price/Cash Flow | 7.24 | 10.06 | — |
Price/Earnings
GMRE
CHCT
GRAH
Financial Strength
|
Metric
|
GMRE
|
CHCT
|
GRAH
|
|---|---|---|---|
Quick Ratio | 0.01 | 0.90 | 1.35 |
Current Ratio | 0.02 | 1.04 | 1.68 |
Interest Coverage | 1.70 | 1.41 | 0.58 |
Quick Ratio
GMRE
CHCT
GRAH
Profitability
|
Metric
|
GMRE
|
CHCT
|
GRAH
|
|---|---|---|---|
Return on Assets (Normalized) | 1.94% | 2.96% | −0.91% |
Return on Equity (Normalized) | 4.80% | 5.33% | −3.44% |
Return on Invested Capital (Normalized) | 3.91% | 4.88% | 0.64% |
Return on Assets
GMRE
CHCT
GRAH
REIT - Healthcare Facilities Industry Comparables
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
WELL
| Welltower Inc | Pmtyfgpz | Wgxww | $53.7 Bil | |
VTR
| Ventas Inc | Llcvlltf | Mmg | $17.4 Bil | |
DOC
| Healthpeak Properties Inc | Hjtpzjppl | Qhqs | $13.2 Bil | |
OHI
| Omega Healthcare Investors Inc | — | Prd | $7.6 Bil | |
HR
| Healthcare Realty Trust Inc | — | Yrxd | $5.5 Bil | |
CTRE
| CareTrust REIT Inc | — | Jcxslt | $3.2 Bil | |
SBRA
| Sabra Health Care REIT Inc | — | Ykgp | $3.1 Bil | |
AEDFF
| Aedifica SA | — | Hngg | $3.0 Bil | |
MPW
| Medical Properties Trust Inc | — | Hxj | $2.8 Bil | |
NHI
| National Health Investors Inc | — | Nbptw | $2.7 Bil |