Jane Street Group LLC Has $788,000 Stock Holdings in Global Medical REIT Inc. (NYSE:GMRE)

Jane Street Group LLC boosted its stake in shares of Global Medical REIT Inc. (NYSE:GMRE - Free Report) by 120.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,125 shares of the company's stock after acquiring an additional 55,844 shares during the quarter. Jane Street Group LLC owned 0.15% of Global Medical REIT worth $788,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC increased its holdings in shares of Global Medical REIT by 13.8% during the fourth quarter. SG Americas Securities LLC now owns 25,828 shares of the company's stock worth $199,000 after buying an additional 3,128 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Global Medical REIT by 11.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 143,447 shares of the company's stock worth $1,107,000 after purchasing an additional 14,532 shares during the last quarter. Hodges Capital Management Inc. increased its stake in shares of Global Medical REIT by 37.8% in the fourth quarter. Hodges Capital Management Inc. now owns 31,000 shares of the company's stock valued at $239,000 after buying an additional 8,500 shares in the last quarter. First Dallas Securities Inc. increased its stake in shares of Global Medical REIT by 13.7% in the fourth quarter. First Dallas Securities Inc. now owns 52,000 shares of the company's stock valued at $401,000 after buying an additional 6,250 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in Global Medical REIT during the 4th quarter worth about $179,000. 57.52% of the stock is owned by institutional investors.

Global Medical REIT Trading Up 2.4%

Shares of GMRE traded up $0.15 on Tuesday, reaching $6.35. 712,645 shares of the company's stock were exchanged, compared to its average volume of 464,364. The business has a 50 day moving average price of $7.51 and a two-hundred day moving average price of $8.02. Global Medical REIT Inc. has a 12 month low of $6.06 and a 12 month high of $10.46. The stock has a market capitalization of $424.63 million, a P/E ratio of -317.34, a price-to-earnings-growth ratio of 1.43 and a beta of 1.23. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 1.26.

Global Medical REIT (NYSE:GMRE - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.22 EPS for the quarter, hitting analysts' consensus estimates 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 net margin of 3.23% and a return on equity of 0.86%. Research analysts anticipate that Global Medical REIT Inc. will post 0.81 earnings per share for the current year.

Global Medical REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Friday, March 21st were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.84 dividend on an annualized basis and a yield of 13.23%. Global Medical REIT's dividend payout ratio is presently 2,800.00%.

Analysts Set New Price Targets

GMRE has been the subject of several research analyst reports. Robert W. Baird reduced their price objective on Global Medical REIT from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Wall Street Zen cut Global Medical REIT from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, B. Riley assumed coverage on Global Medical REIT in a research note on Thursday, April 3rd. They set a "neutral" rating and a $9.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $10.44.

About Global Medical REIT

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.