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GMRE

Global Medical REIT

$9.80

-0.165 (-1.66%)

08:32
04/18/19
04/18
08:32
04/18/19
08:32

Global Medical REIT acquires IRF portfolio for $94M

Global Medical REIT announced that it completed the acquisition of four inpatient rehabilitation facilities from affiliates of CNL Healthcare Properties for an aggregate purchase price of $94M, with an initial capitalization rate of approximately 7.3% and an estimated second-year capitalization rate of 7.6%, assuming the scheduled lease increases. The IRF Portfolio is comprised of four inpatient rehabilitation facilities aggregating 207,204 square feet and leased to leading healthcare providers under long-term triple-net leases. Currently, all four leases have a weighted average remaining lease term of approximately 8.3 years and are expected to provide total annual rent of $6.9M. On April 15, 2019, the ompany exercised $75M of the $150M accordion feature of its credit facility. The partial exercise of the accordion feature increases the term loan component of the credit facility from $100M to $175M and the total borrowing capacity under the credit facility to $425M.

  • 04

    Jun

GMRE Global Medical REIT
$9.80

-0.165 (-1.66%)

10/11/18
BARD
10/11/18
INITIATION
Target $11
BARD
Outperform
Global Medical REIT initiated with an Outperform at Baird
Baird analyst Drew Babin initiated Global Medical REIT with an Outperform rating, calling it a robust, AFFO-covered dividend yielder. He sees a discounted current valuation with prospects for outsized total returns over the next 12 months. Babin has a $11 price target on Global Medical REIT shares.
11/07/18
BOSC
11/07/18
UPGRADE
BOSC
Outperform
Global Medical REIT upgraded to Outperform from Neutral at Boenning & Scattergood
Boenning & Scattergood analyst Merrill Ross upgraded Global Medical REIT to Outperform from Neutral with a $10.50 price target saying Q3 results fell short of expectations, but was encouraged by external growth opportunities, an improved balance sheet, and access to capital to fund portfolio expansion. Ross believes Global Medical has a long runway to make well priced acquisitions, with proven access to incremental capital to fund these accretive opportunities.
12/19/18
JANY
12/19/18
DOWNGRADE
JANY
Neutral
Global Medical REIT downgraded to Neutral from Buy at Janney Montgomery Scott
04/15/19
STFL
04/15/19
INITIATION
Target $11
STFL
Buy
Global Medical REIT initiated with a Buy at Stifel
Stifel analyst Chad Vanacore initiated Global Medical REIT with a Buy rating and a price target of $11, citing the company's expected "fast growth, improving portfolio and attractive dividend." The analyst anticipates the REIT to generate "faster than average investment growth via acquisitions of higher yielding healthcare assets in less competitive markets." Vanacore also believes that Global Medical REIT is "relatively undervalued" compared to its peers, forecasting an "improved valuation multiple and net asset value" to be driven through external growth and further portfolio diversification.

TODAY'S FREE FLY STORIES

EDIT

Editas Medicine

$30.34

-0.6 (-1.94%)

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MSB

Mesabi Trust

$23.93

0.71 (3.06%)

, CLF

Cleveland-Cliffs

$8.52

0.38 (4.67%)

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Cleveland-Cliffs

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FFBC

First Financial Bancorp

$24.67

0.12 (0.49%)

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First Financial Bancorp chairman Davis sells 25,000 common shares »

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GPRE

Green Plains

$14.26

-0.49 (-3.32%)

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Green Plains CEO Todd Becker sold over 607K in company shares »

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MDT

Medtronic

$111.12

-2.02 (-1.79%)

17:43
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Medtronic director buys 5K shares of common stock »

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  • 18

    Feb

VAC

Marriott Vacations

$123.77

-0.1 (-0.08%)

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Marriott Vacations raises quarterly dividend to 54c from 45c per share »

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FSLY

Fastly

$20.82

-0.35 (-1.65%)

17:36
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Fastly director Sunil Dhaliwal sells almost $576K in company shares »

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  • 09

    Dec

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    Dec

SFIX

Stitch Fix

$25.17

1.04 (4.31%)

17:36
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Stitch Fix says saw healthy growth in both women's, men's categories »

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  • 09

    Dec

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    Dec

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    Dec

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    Dec

F

Ford

$9.00

-0.015 (-0.17%)

17:32
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Ford expects to roughly halve 2018 China EBIT loss »

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  • 09

    Dec

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    Dec

  • 07

    Jan

  • 04

    Feb

VEEV

Veeva

$143.56

-1.115 (-0.77%)

17:28
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Veeva CMO sells 5K shares of common stock »

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  • 11

    Dec

BLDR

Builders FirstSource

$25.71

0.45 (1.78%)

17:25
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Builders FirstSource acquires assets of Raney Components, Construction »

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  • 19

    Dec

S

Sprint

$5.40

-0.145 (-2.62%)

, TMUS

T-Mobile

$75.90

-1.87 (-2.40%)

17:16
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Periodicals
Judge seeks speedy trial over T-Mobile, Sprint deal, WSJ reports »

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S

Sprint

$5.40

-0.145 (-2.62%)

TMUS

T-Mobile

$75.90

-1.87 (-2.40%)

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  • 09

    Dec

  • 16

    Dec

WEN

Wendy's

$21.72

0.15 (0.70%)

17:15
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Wendy's sees FY20 FCF of $210M-$220M including impact of settlement »

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  • 11

    Dec

BANX

StoneCastle

$22.99

0.25 (1.10%)

17:15
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Breaking Hot Stocks news story on StoneCastle »

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AIZ

Assurant

$130.91

-0.66 (-0.50%)

17:14
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Assurant director sells 21.8K shares of common stock »

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XAIR

Beyond Air

$4.13

0.005 (0.12%)

17:14
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Syndicate
Beyond Air announces offering of common stock, concurrent private placement »

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MSFT

Microsoft

$151.35

-0.42 (-0.28%)

, UPWK

Upwork

$11.15

-0.16 (-1.41%)

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Upwork CEO Stephane Kasriel to step down, Hayden Brown to succeed »

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MSFT

Microsoft

$151.35

-0.42 (-0.28%)

UPWK

Upwork

$11.15

-0.16 (-1.41%)

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  • 09

    Dec

AMZN

Amazon.com

$1,749.61

-1.18 (-0.07%)

, MSFT

Microsoft

$151.35

-0.42 (-0.28%)

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Fly Intel: Wall Street's top stories for Monday »

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AMZN

Amazon.com

$1,749.61

-1.18 (-0.07%)

MSFT

Microsoft

$151.35

-0.42 (-0.28%)

ARQL

ArQule

$19.71

10.035 (103.77%)

THOR

Synthorx

$67.72

42.74 (171.10%)

SNY

Sanofi

$45.30

-0.755 (-1.64%)

DPLO

Diplomat Pharmacy

$3.91

-1.91 (-32.82%)

UNH

UnitedHealth

$277.56

-2.62 (-0.94%)

MS

Morgan Stanley

$49.60

-0.2 (-0.40%)

VIAC

ViacomCBS

$38.65

-1.05 (-2.64%)

VIACA

ViacomCBS

$41.78

-1.64 (-3.78%)

FTSV

Forty Seven

$30.44

16.04 (111.39%)

FATE

Fate Therapeutics

$19.32

5.68 (41.64%)

TTWO

Take-Two

$120.07

-3.69 (-2.98%)

THO

Thor Industries

$64.28

-3.485 (-5.14%)

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  • 09

    Dec

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    Dec

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    Dec

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    Dec

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    Dec

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    Dec

  • 13

    Dec

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    Dec

  • 13

    Dec

BANX

StoneCastle

$22.99

0.25 (1.10%)

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ArrowMark Partners to acquire StoneCastle Asset Management »

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WEN

Wendy's

$21.72

0.15 (0.70%)

17:08
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Wendy's to realign resources in its information technology organization »

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  • 11

    Dec

INVH

Invitation Homes

$30.14

0.12 (0.40%)

17:05
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Invitation Homes sells 708 Nashville homes to Tricon for $210M »

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BRO

Brown & Brown

$38.22

-0.14 (-0.36%)

17:04
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Hot Stocks
Brown & Brown enters agreement to acquire Special Risk Insurance Managers »

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  • 26

    Feb

PYX

Pyxus

$7.40

-0.345 (-4.45%)

, PM

Philip Morris

$83.60

0.34 (0.41%)

17:02
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Alliance One expands relationship with Philip Morris' Argentine affiliate »

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PYX

Pyxus

$7.40

-0.345 (-4.45%)

PM

Philip Morris

$83.60

0.34 (0.41%)

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TSN

Tyson Foods

$89.69

0.2 (0.22%)

17:01
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Tyson Fresh Meats signs agreement with Republic of Kazakhstan »

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AES

AES Corp.

$18.79

0.07 (0.37%)

17:01
12/09/19
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Hot Stocks
AES Corp. raises quarterly dividend 5% to 14.33 per share »

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