Barclays PLC Has $1.53 Million Stock Holdings in Global Medical REIT Inc. (NYSE:GMRE)

Barclays PLC lifted its position in shares of Global Medical REIT Inc. (NYSE:GMRE - Free Report) by 87.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 154,051 shares of the company's stock after purchasing an additional 71,704 shares during the period. Barclays PLC owned 0.23% of Global Medical REIT worth $1,527,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in shares of Global Medical REIT by 78.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,183,477 shares of the company's stock worth $10,746,000 after acquiring an additional 520,583 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Global Medical REIT by 7.2% in the second quarter. Principal Financial Group Inc. now owns 30,107 shares of the company's stock valued at $273,000 after purchasing an additional 2,033 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of Global Medical REIT by 8.6% in the second quarter. D.A. Davidson & CO. now owns 437,470 shares of the company's stock valued at $3,972,000 after purchasing an additional 34,582 shares during the period. Rhumbline Advisers raised its position in shares of Global Medical REIT by 5.4% in the second quarter. Rhumbline Advisers now owns 110,342 shares of the company's stock valued at $1,002,000 after purchasing an additional 5,696 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Global Medical REIT by 5.2% during the 2nd quarter. Victory Capital Management Inc. now owns 131,533 shares of the company's stock worth $1,194,000 after buying an additional 6,497 shares during the last quarter. 57.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GMRE has been the topic of a number of research reports. Berenberg Bank started coverage on shares of Global Medical REIT in a research note on Friday, October 18th. They issued a "buy" rating and a $11.75 price target on the stock. Alliance Global Partners started coverage on Global Medical REIT in a research note on Thursday, September 19th. They set a "buy" rating and a $12.00 target price on the stock.

Global Medical REIT Stock Performance

Shares of GMRE traded down $0.21 during mid-day trading on Friday, hitting $7.61. 830,756 shares of the company's stock were exchanged, compared to its average volume of 394,972. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 1.26. Global Medical REIT Inc. has a 52 week low of $7.53 and a 52 week high of $11.40. The stock's 50-day simple moving average is $8.71 and its 200-day simple moving average is $9.14. The firm has a market cap of $508.37 million, a price-to-earnings ratio of -380.31, a price-to-earnings-growth ratio of 1.47 and a beta of 1.21.

Global Medical REIT (NYSE:GMRE - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.18). The company had revenue of $34.26 million for the quarter, compared to the consensus estimate of $34.88 million. Global Medical REIT had a return on equity of 0.86% and a net margin of 3.23%. During the same quarter last year, the business earned $0.23 EPS. On average, equities research analysts expect that Global Medical REIT Inc. will post 0.83 EPS for the current year.

Global Medical REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 11.04%. The ex-dividend date of this dividend is Friday, December 20th. Global Medical REIT's dividend payout ratio (DPR) is presently -4,200.00%.

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.