Shares of Global Medical REIT Inc. (NYSE:GMRE) traded today at $15.97, eclipsing its 52-week high. This new high was reached on above average trading volume as 710,000 shares traded hands, while the average 30-day volume is approximately 454,000 shares.
Potential upside of 0.4% exists for Global Medical REIT Inc., based on a current level of $15.94 and analysts’ average consensus price target of $16.00.
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.
Over the past year, Global Medical REIT Inc. has traded in a range of $10.01 to $15.97 and is now at $15.94, 59% above that low.
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