Global Medical REIT (GMRE) Stock Forecast, Price Target & Predictions
GMRE Stock Forecast
Global Medical REIT stock forecast is as follows: an average price target of $11.75 (represents a 49.49% upside from GMRE’s last price of $7.86) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.
GMRE Price Target
The average price target for Global Medical REIT (GMRE) is $11.75 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $11.75 to $11.75. This represents a potential 49.49% upside from GMRE's last price of $7.86.
GMRE Analyst Ratings
According to 3 Wall Street analysts, Global Medical REIT's rating consensus is 'Buy'. The analyst rating breakdown for GMRE stock is 0 'Strong Buy' (0.00%), 2 'Buy' (66.67%), 1 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Global Medical REIT Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 18, 2024 | Kai Klose | Berenberg Bank | $11.75 | $9.48 | 23.95% | 49.49% |
The latest Global Medical REIT stock forecast, released on Oct 18, 2024 by Kai Klose from Berenberg Bank, set a price target of $11.75, which represents a 23.95% increase from the stock price at the time of the forecast ($9.48), and a 49.49% increase from GMRE last price ($7.86).
Global Medical REIT Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 1 |
| Avg Price Target | - | $11.75 | $11.75 |
| Last Closing Price | $7.86 | $7.86 | $7.86 |
| Upside/Downside | -100.00% | 49.49% | 49.49% |
In the current month, the average price target of Global Medical REIT stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Global Medical REIT's last price of $7.86. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 19, 2024 | Alliance Global Partners | Buy | Initialise | |
| Sep 18, 2024 | KeyBanc | Sector Weight | Sector Weight | Hold |
| Aug 01, 2023 | B. Riley Securities | Buy | Buy | Hold |
Global Medical REIT's last stock rating was published by Alliance Global Partners on Sep 19, 2024. The company Initialise its GMRE rating from "null" to "Buy".
Global Medical REIT Financial Forecast
Global Medical REIT Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $35.51M | $36.32M | $36.23M | $36.31M | $35.41M | $33.70M | $31.88M | $30.34M | $29.98M | $28.26M | $27.35M | $24.93M | $25.10M | $22.05M | $21.65M | $20.45M | $18.20M |
| Avg Forecast | $37.62M | $37.29M | $37.00M | $36.72M | $36.67M | $36.28M | $35.95M | $35.00M | $34.64M | $34.72M | $34.38M | $33.89M | $35.62M | $36.05M | $36.46M | $35.14M | $33.04M | $32.47M | $31.86M | $30.58M | $30.62M | $29.28M | $28.33M | $25.72M | $25.07M | $22.04M | $21.57M | $20.96M | $19.35M | $17.54M |
| High Forecast | $38.83M | $38.48M | $38.18M | $37.90M | $37.84M | $37.45M | $37.10M | $36.41M | $35.75M | $34.78M | $34.38M | $33.89M | $35.65M | $36.05M | $37.63M | $36.27M | $34.10M | $32.47M | $31.86M | $30.58M | $30.62M | $29.28M | $28.33M | $25.72M | $25.07M | $22.04M | $21.57M | $20.96M | $19.35M | $17.54M |
| Low Forecast | $36.53M | $36.21M | $35.93M | $35.66M | $35.61M | $35.24M | $34.91M | $33.83M | $33.64M | $34.65M | $34.38M | $33.89M | $35.58M | $36.05M | $35.41M | $34.13M | $32.08M | $32.47M | $31.86M | $30.58M | $30.62M | $29.28M | $28.33M | $25.72M | $25.07M | $22.04M | $21.57M | $20.96M | $19.35M | $17.54M |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 3 | 1 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 9 | 8 | 7 | 6 | 5 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 1.00% | 1.03% | 1.10% | 1.09% | 1.06% | 1.04% | 0.99% | 1.02% | 1.00% | 1.06% | 0.99% | 1.14% | 1.02% | 1.03% | 1.06% | 1.04% |
Global Medical REIT's average Quarter revenue forecast for Dec 23 based on 4 analysts is $35.62M, with a low forecast of $35.58M, and a high forecast of $35.65M. GMRE's average Quarter revenue forecast represents a 0.32% increase compared to the company's last Quarter revenue of $35.51M (Sep 23).
Global Medical REIT EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 3 | 1 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 9 | 8 | 7 | 6 | 5 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $26.31M | $24.67M | $25.16M | $25.12M | $24.77M | $23.65M | $22.31M | $22.90M | $22.07M | $20.52M | $19.14M | $17.73M | $5.62M | $15.13M | $15.09M | $15.08M | $13.51M |
| Avg Forecast | $26.36M | $26.13M | $25.92M | $25.73M | $25.69M | $25.42M | $25.19M | $24.53M | $24.27M | $24.33M | $24.09M | $29.93M | $24.96M | $25.26M | $25.55M | $27.21M | $28.56M | $22.33M | $21.92M | $24.74M | $21.06M | $20.14M | $19.59M | $17.69M | $17.24M | $15.16M | $14.83M | $18.56M | $13.31M | $12.07M |
| High Forecast | $27.20M | $26.97M | $26.75M | $26.55M | $26.51M | $26.24M | $26.00M | $25.51M | $25.05M | $24.37M | $24.09M | $35.92M | $24.98M | $25.26M | $26.36M | $32.65M | $34.28M | $22.33M | $21.92M | $29.68M | $21.06M | $20.14M | $23.50M | $17.69M | $17.24M | $15.16M | $14.83M | $22.27M | $13.31M | $12.07M |
| Low Forecast | $25.60M | $25.37M | $25.18M | $24.99M | $24.95M | $24.69M | $24.46M | $23.70M | $23.57M | $24.28M | $24.09M | $23.94M | $24.93M | $25.26M | $24.81M | $21.77M | $22.85M | $22.33M | $21.92M | $19.79M | $21.06M | $20.14M | $15.67M | $17.69M | $17.24M | $15.16M | $14.83M | $14.85M | $13.31M | $12.07M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 0.97% | 0.92% | 0.88% | 1.11% | 1.08% | 0.90% | 1.09% | 1.10% | 1.05% | 1.08% | 1.03% | 0.37% | 1.02% | 0.81% | 1.13% | 1.12% |
4 analysts predict GMRE's average Quarter EBITDA for Dec 23 to be $24.96M, with a high of $24.98M and a low of $24.93M. This is -5.12% lower than Global Medical REIT's previous annual EBITDA (Sep 23) of $26.31M.
Global Medical REIT Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 3 | 1 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 9 | 8 | 7 | 6 | 5 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.14M | $13.28M | $2.13M | $-6.22M | $9.51M | $3.69M | $4.12M | $5.26M | $5.14M | $4.01M | $3.21M | $2.52M | $-8.81M | $1.66M | $2.71M | $2.67M | $2.23M |
| Avg Forecast | $986.05K | $1.31M | $986.05K | $986.05K | $1.48M | $1.31M | $1.15M | $328.69K | $328.69K | $986.05K | $-328.69K | $3.86M | $986.05K | $920.32K | $438.27K | $3.51M | $6.61M | $2.13M | $3.12M | $3.19M | $4.26M | $3.61M | $3.83M | $3.02M | $2.62M | $1.97M | $2.19M | $3.39M | $3.02M | $2.10M |
| High Forecast | $1.03M | $1.37M | $1.03M | $1.03M | $1.54M | $1.37M | $1.20M | $342.37K | $342.37K | $1.03M | $-316.35K | $4.64M | $1.03M | $958.64K | $456.52K | $4.22M | $7.93M | $2.13M | $3.12M | $3.83M | $4.26M | $3.61M | $4.59M | $3.02M | $2.62M | $1.97M | $2.19M | $4.07M | $3.02M | $2.10M |
| Low Forecast | $949.06K | $1.27M | $949.06K | $949.06K | $1.42M | $1.27M | $1.11M | $314.99K | $316.35K | $949.06K | $-342.37K | $3.09M | $944.97K | $885.79K | $421.82K | $2.81M | $5.29M | $2.13M | $3.12M | $2.55M | $4.26M | $3.61M | $3.06M | $3.02M | $2.62M | $1.97M | $2.19M | $2.71M | $3.02M | $2.10M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.41% | 30.29% | 0.61% | -0.94% | 4.46% | 1.18% | 1.29% | 1.23% | 1.43% | 1.05% | 1.06% | 0.96% | -4.48% | 0.76% | 0.80% | 0.88% | 1.06% |
Global Medical REIT's average Quarter net income forecast for Dec 23 is $986.05K, with a range of $944.97K to $1.03M. GMRE's average Quarter net income forecast represents a -68.58% decrease compared to the company's last Quarter net income of $3.14M (Sep 23).
Global Medical REIT SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 3 | 1 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 9 | 8 | 7 | 6 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.37M | $4.46M | $3.80M | $4.05M | $3.96M | $4.34M | $4.20M | $3.93M | $3.85M | $4.29M | $4.38M | $4.43M | $16.61M | $4.58M | $4.34M | $3.33M | $3.30M |
| Avg Forecast | $6.64M | $6.58M | $6.53M | $6.48M | $6.47M | $6.41M | $6.35M | $6.18M | $6.12M | $6.13M | $6.07M | $6.09M | $6.29M | $6.37M | $6.44M | $5.54M | $4.95M | $5.65M | $5.55M | $5.04M | $5.33M | $5.10M | $4.09M | $4.48M | $4.37M | $3.84M | $3.76M | $14.50M | $3.37M | $3.06M |
| High Forecast | $6.85M | $6.79M | $6.74M | $6.69M | $6.68M | $6.61M | $6.55M | $6.43M | $6.31M | $6.14M | $6.07M | $7.31M | $6.29M | $6.37M | $6.64M | $6.65M | $5.93M | $5.65M | $5.55M | $6.04M | $5.33M | $5.10M | $4.91M | $4.48M | $4.37M | $3.84M | $3.76M | $17.40M | $3.37M | $3.06M |
| Low Forecast | $6.45M | $6.39M | $6.34M | $6.30M | $6.29M | $6.22M | $6.16M | $5.97M | $5.94M | $6.12M | $6.07M | $4.88M | $6.28M | $6.37M | $6.25M | $4.43M | $3.96M | $5.65M | $5.55M | $4.03M | $5.33M | $5.10M | $3.27M | $4.48M | $4.37M | $3.84M | $3.76M | $11.60M | $3.37M | $3.06M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.69% | 0.69% | 0.69% | 0.82% | 0.70% | 0.78% | 0.83% | 0.74% | 0.76% | 1.05% | 0.98% | 1.01% | 4.33% | 1.22% | 0.30% | 0.99% | 1.08% |
Global Medical REIT's average Quarter SG&A projection for Dec 23 is $6.29M, based on 4 Wall Street analysts, with a range of $6.28M to $6.29M. The forecast indicates a 44.00% rise compared to GMRE last annual SG&A of $4.37M (Sep 23).
Global Medical REIT EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 3 | 1 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 9 | 8 | 7 | 6 | 5 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.05 | $0.18 | $0.01 | $-0.09 | $0.12 | $0.03 | $0.04 | $0.08 | $0.08 | $0.07 | $0.06 | $0.05 | $-0.19 | $0.04 | $0.06 | $0.07 | $0.06 |
| Avg Forecast | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $-0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.03 | $0.05 | $0.05 | $0.07 | $0.06 | $0.05 | $0.05 | $0.04 | $0.03 | $0.03 | $0.05 | $0.05 | $0.03 |
| High Forecast | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $-0.00 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.03 | $0.03 | $0.05 | $0.05 | $0.07 | $0.06 | $0.05 | $0.05 | $0.04 | $0.03 | $0.03 | $0.05 | $0.05 | $0.03 |
| Low Forecast | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | - | - | $0.01 | $-0.01 | - | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.03 | $0.05 | $0.05 | $0.07 | $0.06 | $0.05 | $0.05 | $0.04 | $0.03 | $0.03 | $0.05 | $0.05 | $0.03 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.42% | 27.00% | 0.67% | -3.45% | 3.69% | 0.63% | 0.75% | 1.26% | 1.45% | 1.40% | 1.30% | 1.25% | -6.33% | 1.20% | 1.26% | 1.52% | 1.88% |
According to 4 Wall Street analysts, Global Medical REIT's projected average Quarter EPS for Dec 23 is $0.01, with a low estimate of $0.01 and a high estimate of $0.02. This represents a -68.68% decrease compared to GMRE previous annual EPS of $0.05 (Sep 23).
Global Medical REIT Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| GMRE | Global Medical REIT | $8.46 | $11.75 | 38.89% | Buy |
| NHI | National Health Investors | $71.77 | $85.00 | 18.43% | Hold |
| CHCT | Community Healthcare Trust | $18.85 | $20.00 | 6.10% | Buy |
| OHI | Omega Healthcare Investors | $39.34 | $41.71 | 6.02% | Buy |
| VTR | Ventas | $60.22 | $63.10 | 4.78% | Buy |
| SBRA | Sabra Health Care REIT | $17.65 | $18.00 | 1.98% | Hold |
| HR | Healthcare Realty Trust | $17.51 | $17.00 | -2.91% | Buy |
| CTRE | CareTrust REIT | $28.53 | $26.50 | -7.12% | Buy |