Global Medical REIT (NYSE:GMRE) Issues Quarterly Earnings Results, Beats Expectations By $0.21 EPS

Global Medical REIT (NYSE:GMRE) issued its quarterly earnings results on Thursday. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.01 by $0.21, Zacks reports. Global Medical REIT had a net margin of 3.23% and a return on equity of 0.86%.

Global Medical REIT Stock Performance

Shares of Global Medical REIT stock traded down $0.01 during trading on Thursday, hitting $8.49. 372,634 shares of the stock were exchanged, compared to its average volume of 476,795. The stock has a market capitalization of $566.82 million, a price-to-earnings ratio of -424.04, a price-to-earnings-growth ratio of 1.43 and a beta of 1.24. The company has a fifty day moving average price of $7.94 and a 200-day moving average price of $8.75. Global Medical REIT has a 1-year low of $7.33 and a 1-year high of $10.46. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 1.26.

Global Medical REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.84 annualized dividend and a dividend yield of 9.90%. Global Medical REIT’s dividend payout ratio is presently -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.