Price Action To Observe: What’s Next for Global Medical REIT Inc After Today’s Significant Increase?

Price Action To Observe: What's Next for Global Medical REIT Inc After Today's Significant Increase?

The stock of Global Medical REIT Inc (NYSE:GMRE) is a huge mover today! The stock increased 4.01% or $0.29 on November 22, hitting $7.52. About 231,522 shares traded hands or 83.27% up from the average. Global Medical REIT Inc (NYSE:GMRE) has risen 6.00% since October 23, 2016 and is uptrending. It has outperformed by 1.44% the S&P500.
The move comes after 5 months positive chart setup for the $132.03 million company. It was reported on Nov, 22 by Barchart.com. We have $8.20 PT which if reached, will make NYSE:GMRE worth $11.88 million more.

Global Medical REIT Inc (NYSE:GMRE) Ratings Coverage

Out of 3 analysts covering Global Medical… (NYSE:GMRE), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Global Medical… has been the topic of 4 analyst reports since July 11, 2016 according to StockzIntelligence Inc. On Monday, July 11 the stock rating was initiated by Compass Point with “Buy”. Compass Point downgraded Global Medical REIT Inc (NYSE:GMRE) on Tuesday, September 20 to “Neutral” rating. As per Monday, July 11, the company rating was initiated by Wunderlich. The rating was initiated by BB&T Capital with “Hold” on Monday, July 11.

According to Zacks Investment Research, “Global Medical REIT Inc. is engaged primarily in the acquisition of licensed, state-of-the-art, purpose-built healthcare facilities and the leasing of these facilities to clinical operators. Global Medical REIT Inc. is based in Denver, United States.”

More important recent Global Medical REIT Inc (NYSE:GMRE) news were published by: Marketwatch.com which released: “Global Medical REIT started at buy with $11.75 stock price target at …” on February 11, 2014, also Businesswire.com published article titled: “Global Medical REIT Inc. Announces 2016 Third Quarter Financial Results”, Businesswire.com published: “Global Medical REIT Inc. Schedules 2016 Third Quarter Financial Results …” on October 13, 2016. More interesting news about Global Medical REIT Inc (NYSE:GMRE) was released by: Businesswire.com and their article: “Global Medical REIT Inc. Announces Closing of Multiple Acquisitions of Medical …” with publication date: October 10, 2016.

GMRE Company Profile

Global Medical REIT Inc., incorporated on January 6, 2014, focuses on operating as a real estate investment trust. The Firm is engaged primarily in the acquisition and leasing of licensed purpose-built healthcare facilities in certain markets with various clinical operators. The Firm seeks to invest in these purpose-built, specialized facilities, such as surgery centers, specialty hospitals and outpatient treatment centers. The Company’s healthcare facilities are typically leased, or under contract to be leased, under long-term triple-net leases on the date of purchase. The Firm may acquire existing healthcare facilities under sale-leaseback or similar arrangements, or it may contract to purchase facilities under development that are being built to an operator’s specifications. The Company’s tenant-operators are primarily physician group tenant-operators, community hospital tenant-operators and corporate medical treatment chain operators.

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