LSV Asset Management Buys New Shares in Global Medical REIT Inc. (NYSE:GMRE)

LSV Asset Management purchased a new stake in Global Medical REIT Inc. (NYSE:GMRE - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 485,242 shares of the company's stock, valued at approximately $5,386,000. LSV Asset Management owned approximately 0.74% of Global Medical REIT at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Versor Investments LP purchased a new position in shares of Global Medical REIT in the third quarter valued at approximately $93,000. New York Life Investment Management LLC purchased a new stake in shares of Global Medical REIT during the fourth quarter worth $115,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Global Medical REIT by 19.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,110 shares of the company's stock valued at $146,000 after buying an additional 2,114 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Global Medical REIT by 11.6% in the third quarter. Commonwealth Equity Services LLC now owns 21,684 shares of the company's stock worth $195,000 after buying an additional 2,260 shares in the last quarter. Finally, Hodges Capital Management Inc. acquired a new stake in Global Medical REIT in the 3rd quarter valued at about $233,000. 57.52% of the stock is currently owned by institutional investors and hedge funds.

Global Medical REIT Trading Up 3.1 %

Shares of NYSE GMRE traded up $0.27 during trading on Thursday, hitting $9.04. 580,665 shares of the company were exchanged, compared to its average volume of 387,973. 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 Inc. has a 12-month low of $7.98 and a 12-month high of $11.59. The company has a fifty day moving average price of $8.52 and a 200-day moving average price of $9.50. The firm has a market capitalization of $592.80 million, a PE ratio of 38.17 and a beta of 1.13.

Global Medical REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders 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 annualized dividend and a yield of 9.29%. 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.

Global Medical REIT Profile

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.