GMRE Stock Summary and Trading Ideas (Global Medical REIT | NYSE:GMRE)

Global Medical REIT Inc is a Maryland corporation engaged predominantly in the acquisition of purpose-built healthcare facilities and the leasing of those facilities to physician groups and regional and national healthcare systems. The company's principal business objective is to provide attractive, risk-adjusted returns to its stockholders through a combination of reliable dividends and long-term capital appreciation. Its healthcare facilities are located in secondary markets and suburbs of primary markets and are typically leased to single-tenants under triple-net leases.

Global Medical REIT trades on the NYSE stock market under the symbol GMRE.

As of April 19, 2024, GMRE stock price climbed to $8.19 with 392,589 million shares trading.

GMRE has a beta of 1.11, meaning it tends to be more sensitive to market movements. GMRE has a correlation of 0.29 to the broad based SPY ETF.

GMRE has a market cap of $536.59 million. This is considered a Small Cap stock.

In the last 3 years, GMRE stock traded as high as $18.51 and as low as $7.01.

The top ETF exchange traded funds that GMRE belongs to (by Net Assets): VNQ, VTI, IWM, VXF, KBWY.

GMRE has underperformed the market in the last year with a return of -4.5%, while the SPY ETF gained +21.2%. In the last 3 month period, GMRE fell short of the market, returning -18.3%, while SPY returned +3.0%. However, in the most recent 2 weeks GMRE has outperformed the stock market by returning -3.4%, while SPY returned -4.5%.

GMRE support price is $7.98 and resistance is $8.26 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GMRE stock will trade within this expected range on the day.