New Age Alpha Advisors LLC Makes New $263,000 Investment in Global Medical REIT Inc. (NYSE:GMRE)

New Age Alpha Advisors LLC acquired a new position in Global Medical REIT Inc. (NYSE:GMRE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the business. Caisse Des Depots ET Consignations purchased a new stake in Global Medical REIT during the 4th quarter valued at about $100,000. Pacific Ridge Capital Partners LLC boosted its stake in shares of 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 valued at $5,497,000 after purchasing an additional 172,171 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Global Medical REIT by 94.5% in the fourth quarter. JPMorgan Chase & Co. now owns 451,197 shares of the company's stock worth $3,483,000 after purchasing an additional 219,270 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Global Medical REIT by 24.7% in the fourth quarter. LPL Financial LLC now owns 97,928 shares of the company's stock worth $756,000 after purchasing an additional 19,406 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in Global Medical REIT during the 4th quarter valued at $91,000. Hedge funds and other institutional investors own 57.52% of the company's stock.

Global Medical REIT Trading Down 3.7 %

NYSE GMRE traded down $0.30 on Friday, hitting $7.73. The company's stock had a trading volume of 895,797 shares, compared to its average volume of 430,531. The firm has a market cap of $516.58 million, a P/E ratio of -386.06, 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 simple moving average is $8.40 and its 200 day simple moving average is $8.61. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 1.26.

Global Medical REIT (NYSE:GMRE - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.21. The company had revenue of $35.16 million during the quarter, compared to analyst estimates of $34.87 million. Global Medical REIT had a return on equity of 0.86% and a net margin of 3.23%. Research analysts predict that Global Medical REIT Inc. will post 0.81 EPS for the current fiscal year.

Global Medical REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Friday, March 21st will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 10.87%. The ex-dividend date of this dividend is Friday, March 21st. Global Medical REIT's dividend payout ratio is currently 8,400.00%.

Analyst Ratings Changes

Separately, B. Riley began coverage on shares of Global Medical REIT in a report on Thursday. They issued a "neutral" rating and a $9.00 price target on the stock.

About Global Medical REIT

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.