Global Medical REIT (NYSE:GMRE) Updates FY 2025 Earnings Guidance

Global Medical REIT (NYSE:GMRE) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.890-0.930 for the period, compared to the consensus earnings per share estimate of 0.860. The company issued revenue guidance of -.

Global Medical REIT Trading Up 4.1 %

Shares of GMRE opened at $8.83 on Friday. The firm has a fifty day simple moving average of $7.97 and a two-hundred day simple moving average of $8.75. Global Medical REIT has a twelve month low of $7.33 and a twelve month high of $10.46. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $589.67 million, a P/E ratio of -441.13, a PEG ratio of 1.43 and a beta of 1.24.

Global Medical REIT (NYSE:GMRE) last posted its earnings results on Thursday, February 27th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.01 by $0.21. Global Medical REIT had a net margin of 3.23% and a return on equity of 0.86%. The firm had revenue of $35.16 million during the quarter, compared to analysts’ expectations of $34.87 million. On average, research analysts anticipate that Global Medical REIT will post 0.81 EPS for the current year.

Global Medical REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Friday, March 21st will be given a $0.21 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.52%. Global Medical REIT’s dividend payout ratio is currently -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.