Vanguard Group Inc. lowered its stake in shares of Global Medical REIT Inc. (NYSE:GMRE - Free Report) by 3.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,060,125 shares of the company's stock after selling 195,989 shares during the quarter. Vanguard Group Inc. owned about 9.24% of Global Medical REIT worth $54,359,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Penserra Capital Management LLC boosted its position in Global Medical REIT by 14.4% in the third quarter. Penserra Capital Management LLC now owns 55,589 shares of the company's stock valued at $498,000 after buying an additional 6,996 shares during the last quarter. Brown Advisory Inc. boosted its position in Global Medical REIT by 27.0% in the third quarter. Brown Advisory Inc. now owns 1,423,088 shares of the company's stock valued at $12,765,000 after buying an additional 302,326 shares during the last quarter. Versor Investments LP purchased a new stake in Global Medical REIT in the third quarter valued at approximately $93,000. Swiss National Bank boosted its position in Global Medical REIT by 1.8% in the third quarter. Swiss National Bank now owns 136,800 shares of the company's stock valued at $1,227,000 after buying an additional 2,400 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Global Medical REIT by 6.9% in the third quarter. Invesco Ltd. now owns 1,030,423 shares of the company's stock valued at $9,243,000 after buying an additional 66,802 shares during the last quarter. Institutional investors and hedge funds own 57.52% of the company's stock.
Global Medical REIT Stock Performance
Global Medical REIT stock traded up $0.15 during mid-day trading on Tuesday, hitting $8.65. The company had a trading volume of 383,056 shares, compared to its average volume of 374,244. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.11. Global Medical REIT Inc. has a 12-month low of $8.06 and a 12-month high of $11.59. The company's fifty day moving average is $9.11 and its 200-day moving average is $9.59. The company has a market capitalization of $566.85 million, a price-to-earnings ratio of 37.57 and a beta of 1.12.
Global Medical REIT Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 9th. Stockholders of record on Friday, March 22nd will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 9.72%. The ex-dividend date of this dividend is Thursday, March 21st. Global Medical REIT's payout ratio is 365.22%.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered Global Medical REIT from a "buy" rating to a "hold" rating in a research report on Wednesday, February 28th.
View Our Latest Stock Analysis on Global Medical REIT
Global Medical REIT Profile
(
Free Report)
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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