Global Medical REIT Inc. to Issue Monthly Dividend of $0.16 (NYSE:XRN)

Global Medical REIT Inc. (NYSE:XRN - Get Free Report) declared a monthly dividend on Tuesday, May 5th. Stockholders of record on Monday, June 22nd will be given a dividend of 0.16 per share on Friday, July 17th. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Monday, June 22nd.Get Global Medical REIT alerts:Global Medical: This REIT Just Got a 30% Price TargetGlobal Medical REIT has decreased its dividend by an average of 0.0%per year over the last three years. Global Medical REIT has a dividend payout ratio of 6,000.0% meaning 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 Trading Up 0.7%NYSE XRN opened at $35.60 on Thursday. Global Medical REIT has a 12 month low of $29.05 and a 12 month high of $39.93. The company has a 50-day moving average of $35.24 and a 200-day moving average of $34.39. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.61 and a quick ratio of 0.61. The company has a market cap of $471.04 million, a P/E ratio of -39.56 and a beta of 1.11. About Global Medical REIT (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.Read MoreFive stocks we like better than Global Medical REITThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Global Medical REIT Right Now?Before you consider Global Medical REIT, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Global Medical REIT wasn't on the list.While Global Medical REIT currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here