Global Medical REIT Inc (NASDAQ:GMRE)’s share price fell 1.4% during mid-day trading on Tuesday . The stock traded as low as $10.65 and last traded at $10.74, with a volume of 97,953 shares changing hands. The stock had previously closed at $10.89.

Several research firms have weighed in on GMRE. DA Davidson began coverage on Global Medical REIT in a research note on Tuesday, July 26th. They issued a “buy” rating and a $12.00 target price on the stock. Oppenheimer Holdings Inc. began coverage on Global Medical REIT in a research note on Monday, July 25th. They issued an “outperform” rating and a $12.00 target price on the stock. BB&T Corp. began coverage on Global Medical REIT in a research note on Monday, July 11th. They issued a “hold” rating and a $10.50 target price on the stock. Wunderlich began coverage on Global Medical REIT in a research note on Monday, July 11th. They issued a “buy” rating and a $11.75 target price on the stock. Finally, Compass Point began coverage on Global Medical REIT in a research note on Monday, July 11th. They issued a “buy” rating and a $12.00 target price on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Global Medical REIT currently has a consensus rating of “Buy” and a consensus target price of $11.65.

The firm’s market cap is $189.08 million. The company has a 50 day moving average price of $10.64 and a 200-day moving average price of $10.61.

In other news, major shareholder Zh Usa, Llc acquired 1,179,019 shares of Global Medical REIT stock in a transaction that occurred on Friday, July 1st. The shares were acquired at an average price of $12.75 per share, for a total transaction of $15,032,492.25. Following the transaction, the insider now directly owns 2,604,500 shares of the company’s stock, valued at approximately $33,207,375. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Jeffrey Busch acquired 9,000 shares of Global Medical REIT stock in a transaction that occurred on Friday, July 1st. The shares were purchased at an average price of $10.01 per share, for a total transaction of $90,090.00. Following the transaction, the chairman now directly owns 9,000 shares in the company, valued at $90,090. The disclosure for this purchase can be found here.

Global Medical REIT Inc focuses on operating as a real estate investment trust. The Company is engaged primarily in the acquisition and leasing of licensed purpose-built healthcare facilities in certain markets with various clinical operators. The Company seeks to invest in these purpose-built, specialized facilities, such as surgery centers, specialty hospitals and outpatient treatment centers.

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