Barclays PLC grew its position in Global Medical REIT Inc. (NYSE:GMRE - Free Report) by 87.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,051 shares of the company's stock after buying an additional 71,704 shares during the quarter. Barclays PLC owned approximately 0.23% of Global Medical REIT worth $1,527,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in Global Medical REIT by 1.5% in the 3rd quarter. State Street Corp now owns 1,924,433 shares of the company's stock valued at $19,468,000 after buying an additional 28,444 shares during the last quarter. Geode Capital Management LLC boosted its position 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 acquiring an additional 18,209 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Global Medical REIT by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 872,996 shares of the company's stock worth $7,927,000 after acquiring an additional 6,676 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Global Medical REIT by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 853,103 shares of the company's stock worth $8,454,000 after acquiring an additional 41,172 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its position in Global Medical REIT by 8.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 637,751 shares of the company's stock worth $6,320,000 after acquiring an additional 47,500 shares during the period. Institutional investors and hedge funds own 57.52% of the company's stock.
Analyst Upgrades and Downgrades
GMRE has been the topic of a number of recent research reports. Berenberg Bank started coverage on Global Medical REIT in a research report on Friday, October 18th. They set a "buy" rating and a $11.75 target price on the stock. Alliance Global Partners assumed coverage on Global Medical REIT in a research note on Thursday, September 19th. They issued a "buy" rating and a $12.00 price objective on the stock.
Check Out Our Latest Analysis on GMRE
Global Medical REIT Price Performance
Shares of GMRE stock opened at $7.53 on Monday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $503.03 million, a price-to-earnings ratio of -376.31, a PEG ratio of 1.46 and a beta of 1.23. The firm's 50 day moving average is $8.38 and its 200-day moving average is $9.04. Global Medical REIT Inc. has a 1 year low of $7.33 and a 1 year high of $10.66.
Global Medical REIT (NYSE:GMRE - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.18). Global Medical REIT had a return on equity of 0.86% and a net margin of 3.23%. The company had revenue of $34.26 million for the quarter, compared to analyst estimates of $34.88 million. During the same quarter in the previous year, the firm posted $0.23 earnings per share. Sell-side analysts forecast that Global Medical REIT Inc. will post 0.83 EPS for the current fiscal year.
Global Medical REIT Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 11.16%. Global Medical REIT's dividend payout ratio is -4,200.00%.
Global Medical REIT Company Profile
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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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