GMRE Similar Chart Price Prediction
The price of GMRE is predicted to go up -1.47%, based on the high correlation periods with EQT. The similarity of these two price pattern on the periods is 91.72%.
GMRE
EQT
Down: -1.47%Similarity: 91.72%
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GMRE Analyst's Forecast
Kai Klose
Berenberg
Strong Buy
Price Target
$12
Upside
+22.52%
Berenberg analyst Kai Klose initiated coverage of Global Medical REIT with a Buy rating and $11.75 price target. Healthcare real estate investment trusts in the U.S. were heavily affected by COVID-19, as capital markets took a more cautious view on the sector due to concerns about the solvency of operators, the analyst tells investors in a research note. However, with interest rates likely to take a downward trajectory, the share prices of healthcare REITs have already started to stabilize, contends the Berenberg. As a results, it expects the capital markets will view the supportive market fundamentals for Omega Healthcare Investors and Global Medical REIT more positively given the demographic development of the companies.