Invesco Ltd. Has $9.49 Million Position in Global Medical REIT Inc. (NYSE:GMRE)

Invesco Ltd. cut its stake in Global Medical REIT Inc. (NYSE:GMRE - Free Report) by 15.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,229,075 shares of the company's stock after selling 226,214 shares during the quarter. Invesco Ltd. owned approximately 1.84% of Global Medical REIT worth $9,488,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its position in shares of Global Medical REIT by 58.1% in the fourth 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 period. KLP Kapitalforvaltning AS bought a new position in Global Medical REIT during the fourth quarter worth about $91,000. Commonwealth Equity Services LLC grew 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 buying an additional 1,819 shares in the last quarter. Caisse Des Depots ET Consignations acquired a new stake in Global Medical REIT during the fourth quarter worth about $100,000. Finally, Proficio Capital Partners LLC acquired a new stake in Global Medical REIT during the fourth quarter worth about $178,000. 57.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, B. Riley started coverage on shares of Global Medical REIT in a research note on Thursday, April 3rd. They set a "neutral" rating and a $9.00 price objective on the stock.

Global Medical REIT Price Performance

Shares of GMRE traded down $0.14 during mid-day trading on Tuesday, reaching $7.75. The company had a trading volume of 37,044 shares, compared to its average volume of 444,706. The company's 50 day simple moving average is $8.19 and its 200 day simple moving average is $8.34. The company has a market capitalization of $517.92 million, a price-to-earnings ratio of -387.06, a P/E/G ratio of 1.43 and a beta of 1.12. Global Medical REIT Inc. has a 1-year low of $6.75 and a 1-year high of $10.46. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.28 and a current ratio of 0.28.

Global Medical REIT (NYSE:GMRE - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.21. The company had revenue of $35.16 million during the quarter, compared to the consensus estimate of $34.87 million. Global Medical REIT had a net margin of 3.23% and a return on equity of 0.86%. Analysts expect that Global Medical REIT Inc. will post 0.81 EPS for the current year.

Global Medical REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Friday, March 21st were issued a dividend of $0.21 per share. The ex-dividend date was Friday, March 21st. This represents a $0.84 annualized dividend and a dividend yield of 10.85%. Global Medical REIT's dividend payout ratio (DPR) is presently 8,400.00%.

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.