Compass Point downgraded Global Medical REIT Inc (NASDAQ:GMRE) to Neutral in a report released today.
- Updated: September 20, 2016
Compass Point has downgraded Global Medical REIT Inc(NASDAQ:GMRE) to Neutral in a report released on 9/20/2016.
Yesterday Global Medical REIT Inc (NASDAQ:GMRE) traded 2.30% lower at $10.17. Global Medical REIT Inc’s 50-day moving average is $10.62 and its two hundred day average is $10.55. With the last stock close down 3.44% relative to the 200-day average, compared with the S&P 500 which has decreased -0.01% over the date range. 148,041 shares of the stock traded, up from ann average trading volume of 125,348.
With a market cap of $0.0, Global Medical REIT Inc has a price-earnings of 0 with a 52 week low of $9.52 and a 52 week high of $11.38.
Brief Synopsis About Global Medical REIT Inc (NASDAQ:GMRE)
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. Its tenant-operators are physician group tenant-operators, community hospital tenant-operators and corporate medical treatment chain operators. Its properties include a six building, 52, 266 square foot medical clinic portfolio in Tennessee; a combined approximately 27, 190 square foot surgery center and medical office building located in West Mifflin, Pennsylvania; an approximately 8, 840 square foot medical office building known as the Orthopedic Surgery Center, located in Asheville, North Carolina, and a 56-bed long term acute care hospital located at 1870 South 75th Street, Omaha, and Nebraska.
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