Global Medical REIT Inc (NYSE:GMRE) has been downgraded to Neutral in a statement by Compass Point earlier today.
- Updated: September 20, 2016
Compass Point has downgraded Global Medical REIT Inc (NYSE:GMRE) to Neutral in a statement released on 9/20/2016.
On Tuesday July 26, 2016, D. A. Davidson released a statement for Global Medical REIT Inc (NYSE:GMRE) bumped up the target price from $0.00 to $12.00 that suggested an upside of 0.11%.
Boasting a price of $10.20, Global Medical REIT Inc (NYSE:GMRE) traded -2.30% lower on the day. With the last stock price close down -3.44% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Global Medical REIT Inc has recorded a 50-day average of $10.62 and a two hundred day average of $10.55. Volume of trade was up over the average, with 148,041 shares of GMRE changing hands over the typical 125,348
With a total market value of $0, Global Medical REIT Inc has with a one year low of $9.52 and a one year high of $11.38 .
Brief Synopsis About Global Medical REIT Inc (NYSE: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, Nebraska.
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