New Age Alpha Advisors LLC purchased a new position in shares of Global Medical REIT Inc. (NYSE:GMRE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 34,011 shares of the company's stock, valued at approximately $263,000. New Age Alpha Advisors LLC owned about 0.05% of Global Medical REIT at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the business. State Street Corp increased its stake in shares of Global Medical REIT by 1.5% in the 3rd quarter. State Street Corp now owns 1,924,433 shares of the company's stock worth $19,468,000 after acquiring an additional 28,444 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Global Medical REIT by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,622,159 shares of the company's stock valued at $16,078,000 after purchasing an additional 18,209 shares during the period. Charles Schwab Investment Management Inc. increased its position in Global Medical REIT by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 877,096 shares of the company's stock worth $6,771,000 after purchasing an additional 23,993 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its position in Global Medical REIT by 31.9% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 712,101 shares of the company's stock worth $5,497,000 after purchasing an additional 172,171 shares during the last quarter. Finally, D.A. Davidson & CO. raised its stake in Global Medical REIT by 3.2% during the fourth quarter. D.A. Davidson & CO. now owns 455,661 shares of the company's stock worth $3,518,000 after purchasing an additional 13,989 shares during the period. Hedge funds and other institutional investors own 57.52% of the company's stock.
Global Medical REIT Trading Down 6.6 %
Shares of NYSE GMRE traded down $0.57 during mid-day trading on Thursday, reaching $8.03. 670,479 shares of the company's stock were exchanged, compared to its average volume of 427,568. The firm has a market capitalization of $536.64 million, a price-to-earnings ratio of -401.05, a PEG ratio of 1.43 and a beta of 1.12. Global Medical REIT Inc. has a 52-week low of $7.33 and a 52-week high of $10.46. The company's 50-day moving average is $8.40 and its 200-day moving average is $8.65. 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 for the quarter, beating analysts' consensus estimates of $0.01 by $0.21. Global Medical REIT had a net margin of 3.23% and a return on equity of 0.86%. The business had revenue of $35.16 million during the quarter, compared to analysts' expectations of $34.87 million. Analysts expect that Global Medical REIT Inc. will post 0.81 EPS for the current fiscal year.
Global Medical REIT Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Friday, March 21st will be given a dividend of $0.21 per share. The ex-dividend date is Friday, March 21st. This represents a $0.84 annualized dividend and a dividend yield of 10.47%. Global Medical REIT's dividend payout ratio is currently 8,400.00%.
Analysts Set New Price Targets
Separately, B. Riley started coverage on shares of Global Medical REIT in a research note on Thursday. They issued a "neutral" rating and a $9.00 price target for the company.
Check Out Our Latest Stock Analysis on GMRE
Global Medical REIT Company 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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