Jane Street Group LLC Raises Stock Holdings in Global Medical REIT Inc. (NYSE:GMRE)

Jane Street Group LLC boosted its stake in Global Medical REIT Inc. (NYSE:GMRE - Free Report) by 120.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,125 shares of the company's stock after acquiring an additional 55,844 shares during the period. Jane Street Group LLC owned 0.15% of Global Medical REIT worth $788,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Quarry LP boosted its holdings in Global Medical REIT by 111.5% in the fourth quarter. Quarry LP now owns 4,940 shares of the company's stock valued at $38,000 after acquiring an additional 2,604 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Global Medical REIT by 58.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,260 shares of the company's stock valued at $48,000 after buying an additional 2,301 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Global Medical REIT during the 4th quarter valued at $91,000. Commonwealth Equity Services LLC boosted its holdings in shares of Global Medical REIT by 16.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 12,646 shares of the company's stock valued at $98,000 after buying an additional 1,819 shares in the last quarter. Finally, Caisse Des Depots ET Consignations bought a new stake in shares of Global Medical REIT during the 4th quarter valued at $100,000. Institutional investors own 57.52% of the company's stock.

Global Medical REIT Stock Up 0.8%

Shares of GMRE traded up $0.05 during trading hours on Thursday, hitting $6.35. The company had a trading volume of 774,543 shares, compared to its average volume of 466,196. The firm has a fifty day moving average price of $7.38 and a 200-day moving average price of $7.98. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $424.56 million, a price-to-earnings ratio of -317.29, a P/E/G ratio of 1.43 and a beta of 1.23. Global Medical REIT Inc. has a 52-week low of $6.06 and a 52-week high of $10.46.

Global Medical REIT (NYSE:GMRE - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. The firm had revenue of $34.60 million during the quarter, compared to analyst estimates of $35.49 million. Global Medical REIT had a return on equity of 0.86% and a net margin of 3.23%. On average, equities research analysts forecast that Global Medical REIT Inc. will post 0.81 EPS for the current fiscal year.

Global Medical REIT Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Friday, June 20th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 9.45%. Global Medical REIT's dividend payout ratio is presently 2,800.00%.

Analyst Upgrades and Downgrades

GMRE has been the topic of a number of research reports. 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 target price on the stock. Robert W. Baird dropped their target price on shares of Global Medical REIT from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Finally, Wall Street Zen cut shares of Global Medical REIT from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $10.44.

Global Medical REIT Company Profile

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.