Global Medical REIT Inc. (NYSE:GMRE) Shares Bought by Jane Street Group LLC

Jane Street Group LLC raised its holdings in Global Medical REIT Inc. (NYSE:GMRE - Free Report) by 120.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,125 shares of the company's stock after purchasing an additional 55,844 shares during the period. Jane Street Group LLC owned approximately 0.15% of Global Medical REIT worth $788,000 at the end of the most recent quarter.

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

Global Medical REIT Stock Down 0.6%

Global Medical REIT stock traded down $0.04 during mid-day trading on Wednesday, reaching $6.33. The stock had a trading volume of 383,743 shares, compared to its average volume of 464,101. The company has a market capitalization of $422.96 million, a price-to-earnings ratio of -315.59, a PEG ratio of 1.43 and a beta of 1.23. The company has a 50-day moving average price of $7.46 and a two-hundred day moving average price of $8.01. Global Medical REIT Inc. has a one year low of $6.06 and a one year high of $10.46. 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 (NYSE:GMRE - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.22. Global Medical REIT had a net margin of 3.23% and a return on equity of 0.86%. The company had revenue of $34.60 million for the quarter, compared to analysts' expectations of $35.49 million. On average, analysts expect that Global Medical REIT Inc. will post 0.81 EPS for the current fiscal year.

Global Medical REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Friday, March 21st were given a $0.21 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.84 dividend on an annualized basis and a yield of 13.28%. Global Medical REIT's dividend payout ratio is presently 2,800.00%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Robert W. Baird lowered 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 report on Thursday, May 8th. Wall Street Zen lowered shares of Global Medical REIT from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, B. Riley started coverage on shares of Global Medical REIT in a research report on Thursday, April 3rd. They set a "neutral" rating and a $9.00 target price for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $10.44.

Global Medical REIT 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.