Vanguard Group Inc. Has $48.77 Million Position in Global Medical REIT Inc. (NYSE:GMRE)

Vanguard Group Inc. decreased its holdings in Global Medical REIT Inc. (NYSE:GMRE - Free Report) by 1.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,317,837 shares of the company's stock after selling 113,212 shares during the quarter. Vanguard Group Inc. owned 9.46% of Global Medical REIT worth $48,774,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its position in shares of Global Medical REIT by 58.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,260 shares of the company's stock valued at $48,000 after buying an additional 2,301 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Global Medical REIT in the 4th quarter valued at $91,000. Commonwealth Equity Services LLC lifted its position in shares of Global Medical REIT by 16.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 12,646 shares of the company's stock valued at $98,000 after acquiring an additional 1,819 shares during the period. Quantinno Capital Management LP acquired a new stake in shares of Global Medical REIT during the 3rd quarter worth $138,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Global Medical REIT in the fourth quarter worth $178,000. Institutional investors own 57.52% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley initiated coverage on shares of Global Medical REIT in a research report on Thursday, April 3rd. They set a "neutral" rating and a $9.00 price objective for the company.

Global Medical REIT Price Performance

GMRE traded up $0.11 during trading on Thursday, hitting $7.46. 76,806 shares of the stock traded hands, compared to its average volume of 443,138. The business has a 50 day moving average price of $8.27 and a 200 day moving average price of $8.46. The company has a market cap of $498.79 million, a price-to-earnings ratio of -372.06, a PEG ratio of 1.43 and a beta of 1.12. Global Medical REIT Inc. has a twelve month low of $6.75 and a twelve month high of $10.46. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.28 and a quick ratio of 0.28.

Global Medical REIT (NYSE:GMRE - Get Free Report) last posted 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 analysts' expectations of $34.87 million. Global Medical REIT had a return on equity of 0.86% and a net margin of 3.23%. Equities research analysts forecast that Global Medical REIT Inc. will post 0.81 earnings per share for the current fiscal year.

Global Medical REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Friday, March 21st were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 11.26%. Global Medical REIT's payout ratio is currently 8,400.00%.

Global Medical REIT 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.