Global Medical REIT Inc. (NYSE:GMRE - Get Free Report) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $8.02 and last traded at $8.03, with a volume of 67779 shares traded. The stock had previously closed at $8.18.
Analysts Set New Price Targets
Separately, StockNews.com cut Global Medical REIT from a "buy" rating to a "hold" rating in a research report on Wednesday, February 28th.
Get Our Latest Stock Report on Global Medical REIT
Global Medical REIT Price Performance
The firm has a fifty day simple moving average of $8.90 and a 200 day simple moving average of $9.57. The company has a market capitalization of $523.25 million, a PE ratio of 34.70 and a beta of 1.12. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.17 and a current ratio of 0.17.
Global Medical REIT Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Friday, March 22nd were paid a dividend of $0.21 per share. The ex-dividend date was Thursday, March 21st. This represents a $0.84 annualized dividend and a yield of 10.53%. Global Medical REIT's dividend payout ratio (DPR) is 365.22%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in GMRE. US Bancorp DE lifted its position in Global Medical REIT by 57.6% during the 2nd quarter. US Bancorp DE now owns 2,943 shares of the company's stock worth $27,000 after acquiring an additional 1,076 shares during the period. Captrust Financial Advisors acquired a new stake in Global Medical REIT during the 2nd quarter worth about $43,000. Tower Research Capital LLC TRC lifted its holdings in shares of Global Medical REIT by 227.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,646 shares of the company's stock valued at $48,000 after buying an additional 3,920 shares during the period. AJOVista LLC acquired a new position in shares of Global Medical REIT in the 4th quarter valued at about $54,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Global Medical REIT in the 2nd quarter valued at about $55,000. 57.52% of the stock is currently owned by hedge funds and other institutional investors.
About Global Medical REIT
(
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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.
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