Global Medical REIT Inc (gmre) to Issue $0.20 Quarterly Dividend

Global Medical REIT Inc (NASDAQ:gmre) announced a quarterly dividend on Monday, March 20th. Shareholders of record on Monday, March 27th will be paid a dividend of 0.20 per share on Monday, April 10th. This represents a $0.80 annualized dividend and a yield of 9.62%. The ex-dividend date is Thursday, March 23rd.

Shares of Global Medical REIT (NASDAQ:GMRE) opened at 8.32 on Tuesday. Global Medical REIT has a 12 month low of $6.73 and a 12 month high of $11.38. The firm has a 50-day moving average price of $8.48 and a 200 day moving average price of $8.91.

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GMRE has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Global Medical REIT from a “sell” rating to a “hold” rating in a report on Thursday, January 5th. Janney Montgomery Scott initiated coverage on shares of Global Medical REIT in a report on Thursday, February 23rd. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $11.65.

About Global Medical REIT

Global Medical REIT Inc focuses on operating as a real estate investment trust. The Company is engaged primarily in the acquisition and leasing of licensed purpose-built healthcare facilities in certain markets with various clinical operators. The Company seeks to invest in these purpose-built, specialized facilities, such as surgery centers, specialty hospitals and outpatient treatment centers.

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