abrdn plc acquired a new position in Global Medical REIT Inc. (NYSE:GMRE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 174,897 shares of the company's stock, valued at approximately $1,941,000. abrdn plc owned 0.27% of Global Medical REIT at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Versor Investments LP purchased a new stake in Global Medical REIT in the third quarter worth about $93,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Global Medical REIT by 19.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,110 shares of the company's stock valued at $146,000 after purchasing an additional 2,114 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Global Medical REIT by 11.6% during the third quarter. Commonwealth Equity Services LLC now owns 21,684 shares of the company's stock valued at $195,000 after purchasing an additional 2,260 shares during the last quarter. Hodges Capital Management Inc. purchased a new position in shares of Global Medical REIT during the third quarter valued at approximately $233,000. Finally, SG Americas Securities LLC purchased a new position in shares of Global Medical REIT during the third quarter valued at approximately $241,000. 57.52% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of Global Medical REIT from a "buy" rating to a "hold" rating in a report on Wednesday, February 28th.
Check Out Our Latest Analysis on GMRE
Global Medical REIT Stock Up 2.2 %
Shares of GMRE stock traded up $0.18 during trading hours on Monday, hitting $8.29. 328,302 shares of the company's stock traded hands, compared to its average volume of 380,768. Global Medical REIT Inc. has a 12-month low of $7.98 and a 12-month high of $11.59. The stock has a market cap of $543.58 million, a price-to-earnings ratio of 36.04 and a beta of 1.12. The stock's fifty day simple moving average is $8.68 and its two-hundred day simple moving average is $9.53. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.11.
Global Medical REIT Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Friday, March 22nd were issued a $0.21 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.84 dividend on an annualized basis and a yield of 10.13%. Global Medical REIT's payout ratio is currently 365.22%.
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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