Raymond James Financial Inc. acquired a new stake in shares of Global Medical REIT Inc. (NYSE:GMRE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 185,224 shares of the company's stock, valued at approximately $1,430,000. Raymond James Financial Inc. owned about 0.28% of Global Medical REIT as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Barclays PLC grew its holdings in shares of Global Medical REIT by 87.1% during the 3rd quarter. Barclays PLC now owns 154,051 shares of the company's stock worth $1,527,000 after purchasing an additional 71,704 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Global Medical REIT by 228.9% in the 3rd quarter. Franklin Resources Inc. now owns 114,988 shares of the company's stock valued at $1,073,000 after buying an additional 80,030 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Global Medical REIT by 54.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 231,927 shares of the company's stock valued at $2,298,000 after acquiring an additional 81,596 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Global Medical REIT by 13.8% during the fourth quarter. SG Americas Securities LLC now owns 25,828 shares of the company's stock valued at $199,000 after purchasing an additional 3,128 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Global Medical REIT by 11.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 143,447 shares of the company's stock valued at $1,107,000 after acquiring an additional 14,532 shares during the period. Institutional investors own 57.52% of the company's stock.
Global Medical REIT Trading Down 6.8 %
Shares of NYSE GMRE traded down $0.52 during midday trading on Thursday, reaching $7.17. 262,368 shares of the stock were exchanged, compared to its average volume of 513,889. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.28 and a quick ratio of 0.28. Global Medical REIT Inc. has a 12 month low of $6.75 and a 12 month high of $10.46. The business has a 50-day simple moving average of $8.08 and a two-hundred day simple moving average of $8.27. The company has a market capitalization of $479.47 million, a price-to-earnings ratio of -358.32, a P/E/G ratio of 1.43 and a beta of 1.23.
Global Medical REIT (NYSE:GMRE - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.21. Global Medical REIT had a return on equity of 0.86% and a net margin of 3.23%. The business had revenue of $35.16 million during the quarter, compared to analyst estimates of $34.87 million. As a group, equities research analysts expect that Global Medical REIT Inc. will post 0.81 EPS for the current year.
Global Medical REIT Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Friday, March 21st were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 11.72%. The ex-dividend date was Friday, March 21st. Global Medical REIT's payout ratio is presently 8,400.00%.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on GMRE shares. B. Riley initiated coverage on shares of Global Medical REIT in a report on Thursday, April 3rd. They set a "neutral" rating and a $9.00 price target for the company. Robert W. Baird dropped their target price on shares of Global Medical REIT from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Thursday.
Check Out Our Latest Research Report on GMRE
Global Medical REIT Company Profile
(
Free Report)
Global Medical REIT Inc (GMRE) is a net-lease medical office real estate investment trust (REIT) that owns and acquires healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems.
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