Janney Montgomery Scott LLC increased its holdings in shares of Global Medical REIT Inc (NYSE:GMRE) by 37.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 116,248 shares of the company’s stock after purchasing an additional 31,900 shares during the quarter. Janney Montgomery Scott LLC owned 0.54% of Global Medical REIT worth $1,044,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. D.A. Davidson & CO. increased its position in Global Medical REIT by 36.0% during the 3rd quarter. D.A. Davidson & CO. now owns 104,430 shares of the company’s stock worth $937,000 after purchasing an additional 27,667 shares in the last quarter. BB&T Securities LLC increased its position in Global Medical REIT by 23.1% during the 3rd quarter. BB&T Securities LLC now owns 91,487 shares of the company’s stock worth $821,000 after purchasing an additional 17,145 shares in the last quarter. State of Wisconsin Investment Board increased its position in Global Medical REIT by 20.0% during the 2nd quarter. State of Wisconsin Investment Board now owns 433,050 shares of the company’s stock worth $3,871,000 after purchasing an additional 72,100 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in Global Medical REIT during the 2nd quarter worth approximately $339,000. Finally, Bank of New York Mellon Corp increased its position in Global Medical REIT by 8.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 137,481 shares of the company’s stock worth $1,229,000 after purchasing an additional 11,126 shares in the last quarter. 41.00% of the stock is owned by hedge funds and other institutional investors.
Global Medical REIT Inc (NYSE:GMRE) traded down $0.22 during mid-day trading on Friday, hitting $8.16. 89,462 shares of the stock were exchanged, compared to its average volume of 304,309. Global Medical REIT Inc has a twelve month low of $7.85 and a twelve month high of $10.25. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.22 and a quick ratio of 0.22. The firm has a market capitalization of $176.51, a P/E ratio of -40.80, a P/E/G ratio of 1.36 and a beta of -48.24.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Tuesday, December 26th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 9.80%. The ex-dividend date was Friday, December 22nd. Global Medical REIT’s payout ratio is currently -400.00%.
Several analysts have issued reports on the stock. B. Riley reaffirmed a “buy” rating and issued a $10.50 price objective on shares of Global Medical REIT in a research report on Friday, November 10th. Zacks Investment Research raised shares of Global Medical REIT from a “sell” rating to a “hold” rating and set a $10.00 price objective for the company in a research report on Tuesday, November 14th. Finally, FBR & Co reaffirmed a “buy” rating and issued a $10.50 price objective (up previously from $10.00) on shares of Global Medical REIT in a research report on Monday, September 18th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Global Medical REIT has a consensus rating of “Buy” and an average price target of $10.50.
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About Global Medical REIT
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