Global Medical REIT Inc. (NYSE:XRN) Announces $0.25 Monthly Dividend

by · The Cerbat Gem

Global Medical REIT Inc. (NYSE:XRN – Get Free Report) announced a monthly dividend on Tuesday, February 24th. Shareholders of record on Wednesday, May 20th will be given a dividend of 0.25 per share on Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend is Wednesday, May 20th.

Global Medical REIT has decreased its dividend payment by an average of 0.0%annually over the last three years. Global Medical REIT has a payout ratio of 6,000.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Global Medical REIT Stock Performance

NYSE:XRN opened at $33.54 on Monday. The business’s 50-day moving average price is $34.93 and its two-hundred day moving average price is $34.48. Global Medical REIT has a twelve month low of $29.05 and a twelve month high of $39.93. The stock has a market cap of $443.68 million, a P/E ratio of -30.21 and a beta of 1.11. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.68.

Global Medical REIT Company Profile

(Get Free Report)

Global Medical REIT (NYSE: GMRE) is a real estate investment trust focused on owning and managing healthcare-related properties across the United States. The company acquires, develops and leases a diversified portfolio of medical office buildings, outpatient facilities, long-term care centers and other specialized healthcare real estate. By concentrating on essential healthcare assets, Global Medical REIT seeks to generate stable, long-term rental income under triple-net and modified gross lease structures.

Since its incorporation in 2016 and initial public offering in 2017, the company has pursued an acquisitive growth strategy targeting markets with strong demographic trends and limited supply of modern medical facilities.

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