Pacific Ridge Capital Partners LLC Raises Stock Position in Global Medical REIT Inc. (NYSE:GMRE)

Pacific Ridge Capital Partners LLC boosted its stake in shares of Global Medical REIT Inc. (NYSE:GMRE - Free Report) by 31.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 712,101 shares of the company's stock after acquiring an additional 172,171 shares during the period. Pacific Ridge Capital Partners LLC owned 1.07% of Global Medical REIT worth $5,497,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of GMRE. PNC Financial Services Group Inc. grew its stake in shares of Global Medical REIT by 58.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,260 shares of the company's stock worth $48,000 after buying an additional 2,301 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Global Medical REIT during the fourth quarter worth approximately $91,000. Commonwealth Equity Services LLC lifted its stake in shares of Global Medical REIT by 16.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 12,646 shares of the company's stock valued at $98,000 after purchasing an additional 1,819 shares during the last quarter. Quantinno Capital Management LP bought a new position in shares of Global Medical REIT during the 3rd quarter valued at approximately $138,000. Finally, Zacks Investment Management raised its holdings in Global Medical REIT by 12.9% during the 3rd quarter. Zacks Investment Management now owns 14,803 shares of the company's stock valued at $147,000 after buying an additional 1,696 shares during the period. 57.52% of the stock is currently owned by institutional investors.

Global Medical REIT Trading Up 0.7 %

NYSE GMRE traded up $0.07 on Monday, hitting $8.81. 108,174 shares of the stock were exchanged, compared to its average volume of 422,749. The stock has a fifty day moving average price of $8.36 and a two-hundred day moving average price of $8.67. The firm has a market capitalization of $588.80 million, a P/E ratio of -439.53, a P/E/G ratio of 1.43 and a beta of 1.26. 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 Inc. has a 52-week low of $7.33 and a 52-week high of $10.46.

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

Global Medical REIT Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.84 dividend on an annualized basis and a yield of 9.54%. Global Medical REIT's payout ratio is 8,400.00%.

Global Medical REIT Company 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.