Virtu Financial LLC Acquires Shares of 28,701 Global Medical REIT Inc. (NYSE:GMRE)

Virtu Financial LLC acquired a new position in Global Medical REIT Inc. (NYSE:GMRE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 28,701 shares of the company's stock, valued at approximately $222,000.

Other hedge funds also recently bought and sold shares of the company. Intech Investment Management LLC bought a new stake in Global Medical REIT during the third quarter valued at about $150,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Global Medical REIT by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 853,103 shares of the company's stock valued at $8,454,000 after buying an additional 41,172 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Global Medical REIT in the 3rd quarter valued at about $206,000. D.A. Davidson & CO. grew its position in shares of Global Medical REIT by 1.0% in the 3rd quarter. D.A. Davidson & CO. now owns 441,672 shares of the company's stock worth $4,377,000 after buying an additional 4,202 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Global Medical REIT by 39.5% during the 3rd quarter. FMR LLC now owns 184,550 shares of the company's stock worth $1,829,000 after acquiring an additional 52,281 shares in the last quarter. Hedge funds and other institutional investors own 57.52% of the company's stock.

Global Medical REIT Stock Up 0.3 %

GMRE traded up $0.03 during trading on Monday, hitting $8.77. The stock had a trading volume of 430,869 shares, compared to its average volume of 492,781. The stock has a 50 day simple moving average of $8.36 and a two-hundred day simple moving average of $8.67. The company has a market capitalization of $586.19 million, a PE ratio of -438.08, a PEG 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 twelve month low of $7.33 and a twelve month high of $10.46.

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Global Medical REIT (NYSE:GMRE - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.21. The company had revenue of $35.16 million for 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%. On average, research analysts predict that Global Medical REIT Inc. will post 0.81 earnings per share for the current year.

Global Medical REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Friday, March 21st will be issued a $0.21 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.58%. Global Medical REIT's dividend payout ratio is currently 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.