Mark Okey Decker, Jr. Buys 102,668 Shares of Global Medical REIT Inc. (NYSE:GMRE) Stock

Global Medical REIT Inc. (NYSE:GMRE - Get Free Report) CEO Mark Okey Decker, Jr. purchased 102,668 shares of Global Medical REIT stock in a transaction dated Tuesday, June 24th. The stock was acquired at an average price of $6.52 per share, for a total transaction of $669,395.36. Following the completion of the transaction, the chief executive officer now owns 102,668 shares in the company, valued at approximately $669,395.36. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Global Medical REIT Price Performance

Global Medical REIT stock traded up $0.01 during trading hours on Friday, hitting $6.75. 1,020,815 shares of the company traded hands, compared to its average volume of 493,056. The firm has a market cap of $451.04 million, a P/E ratio of 224.91, a P/E/G ratio of 1.15 and a beta of 1.14. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 1.44. The firm's 50-day simple moving average is $6.78 and its two-hundred day simple moving average is $7.64. Global Medical REIT Inc. has a 1-year low of $6.06 and a 1-year high of $10.46.

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, meeting the consensus estimate of $0.22. The firm had revenue of $34.60 million for the quarter, compared to analysts' expectations of $35.49 million. Global Medical REIT had a net margin of 5.87% and a return on equity of 1.68%. As a group, analysts forecast that Global Medical REIT Inc. will post 0.81 earnings per share for the current fiscal year.

Global Medical REIT Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Friday, June 20th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 8.90%. Global Medical REIT's payout ratio is 2,000.00%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Global Medical REIT

Large investors have recently bought and sold shares of the stock. Quarry LP increased its stake in Global Medical REIT by 111.5% during the 4th quarter. Quarry LP now owns 4,940 shares of the company's stock valued at $38,000 after buying an additional 2,604 shares during the period. PNC Financial Services Group Inc. grew 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 worth $48,000 after purchasing an additional 2,301 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Global Medical REIT by 11,234.4% in the 1st quarter. GAMMA Investing LLC now owns 7,254 shares of the company's stock worth $63,000 after purchasing an additional 7,190 shares during the last quarter. State of Wyoming acquired a new position in shares of Global Medical REIT in the 1st quarter worth approximately $65,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Global Medical REIT in the 4th quarter worth approximately $82,000. Institutional investors and hedge funds own 57.52% of the company's stock.

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.