Shares of Global Medical REIT Inc. (NYSE:GMRE) traded today at $16.72, eclipsing its 52-week high. So far today approximately 74,000 shares have been exchanged, as compared to an average 30-day volume of 354,000 shares.
Global Medical REIT Inc is a Maryland corporation engaged primarily in the acquisition of purpose-built healthcare facilities and the leasing of those facilities to strong healthcare systems and physician groups. Its healthcare facilities are located in secondary markets and suburbs of primary markets and are typically leased to single-tenants under triple-net leases. Its tenants are physician groups, regional or national healthcare systems or combinations thereof. 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.
Global Medical REIT Inc. has overhead space with shares priced $16.64, or 22.8% below the average consensus analyst price target of $21.56.
Global Medical REIT Inc. share prices have moved between a 52-week high of $16.72 and a 52-week low of $12.11 and are now trading 37% above that low price at $16.64 per share.
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