Global Medical REIT Inc. (NYSE:GMRE) Chairman Jeffrey Busch Acquires 2,630 Shares

Global Medical REIT Inc. (NYSE:GMRE) Chairman Jeffrey Busch purchased 2,630 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was bought at an average cost of $9.29 per share, for a total transaction of $24,432.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Global Medical REIT Inc. (GMRE) traded down $0.28 during mid-day trading on Monday, hitting $9.06. The stock had a trading volume of 150,647 shares, compared to its average volume of 130,801. Global Medical REIT Inc. has a 52-week low of $7.21 and a 52-week high of $10.25. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $202.03, a PE ratio of 23.95, a P/E/G ratio of 2.97 and a beta of -0.18.

A number of equities research analysts have recently weighed in on GMRE shares. B. Riley reiterated a “buy” rating on shares of Global Medical REIT in a research report on Wednesday, November 1st. FBR & Co restated a “buy” rating and set a $10.50 price target (up from $10.00) on shares of Global Medical REIT in a research report on Monday, September 18th. Zacks Investment Research upgraded Global Medical REIT from a “sell” rating to a “hold” rating and set a $10.00 price target on the stock in a research report on Tuesday, November 14th. DA Davidson lowered Global Medical REIT from a “buy” rating to a “neutral” rating and dropped their price target for the company from $11.00 to $10.00 in a research report on Tuesday, August 22nd. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $12.00 target price on shares of Global Medical REIT in a report on Friday, September 1st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $10.60.

Several hedge funds have recently bought and sold shares of GMRE. Orinda Asset Management LLC increased its position in Global Medical REIT by 100.0% during the second quarter. Orinda Asset Management LLC now owns 100,000 shares of the company’s stock valued at $894,000 after acquiring an additional 50,000 shares during the last quarter. Wedbush Securities Inc. increased its position in Global Medical REIT by 5.8% during the second quarter. Wedbush Securities Inc. now owns 15,334 shares of the company’s stock valued at $137,000 after acquiring an additional 834 shares during the last quarter. Spirit of America Management Corp NY increased its position in Global Medical REIT by 50.0% during the second quarter. Spirit of America Management Corp NY now owns 15,000 shares of the company’s stock valued at $134,000 after acquiring an additional 5,000 shares during the last quarter. UBS Group AG increased its position in Global Medical REIT by 14.2% during the first quarter. UBS Group AG now owns 11,847 shares of the company’s stock valued at $108,000 after acquiring an additional 1,477 shares during the last quarter. Finally, State of Wisconsin Investment Board increased its position in Global Medical REIT by 20.0% during the second quarter. State of Wisconsin Investment Board now owns 433,050 shares of the company’s stock valued at $3,871,000 after acquiring an additional 72,100 shares during the last quarter. Hedge funds and other institutional investors own 41.00% of the company’s stock.

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