Zurcher Kantonalbank Zurich Cantonalbank Purchases 2,114 Shares of Global Medical REIT Inc. (NYSE:GMRE)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Global Medical REIT Inc. (NYSE:GMRE) by 19.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,110 shares of the company’s stock after buying an additional 2,114 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Global Medical REIT were worth $146,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in GMRE. Raymond James & Associates raised its stake in shares of Global Medical REIT by 1.3% during the fourth quarter. Raymond James & Associates now owns 121,871 shares of the company’s stock valued at $1,353,000 after acquiring an additional 1,606 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in Global Medical REIT by 2.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 95,377 shares of the company’s stock worth $1,086,000 after buying an additional 2,179 shares during the period. Commonwealth Equity Services LLC grew its position in shares of Global Medical REIT by 11.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 21,684 shares of the company’s stock valued at $195,000 after buying an additional 2,260 shares during the last quarter. Swiss National Bank increased its stake in shares of Global Medical REIT by 1.8% in the third quarter. Swiss National Bank now owns 136,800 shares of the company’s stock valued at $1,227,000 after buying an additional 2,400 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Global Medical REIT by 4.8% during the third quarter. Victory Capital Management Inc. now owns 127,000 shares of the company’s stock worth $1,139,000 after acquiring an additional 5,800 shares during the last quarter. 57.52% of the stock is currently owned by institutional investors and hedge funds.

Global Medical REIT Trading Up 3.7 %

GMRE opened at $8.78 on Thursday. The stock has a market cap of $575.75 million, a PE ratio of 38.17 and a beta of 1.13. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.11. Global Medical REIT Inc. has a twelve month low of $7.98 and a twelve month high of $11.59. The company has a fifty day moving average of $8.52 and a 200-day moving average of $9.50.

Global Medical REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Friday, March 22nd were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 9.57%. The ex-dividend date of this dividend was Thursday, March 21st. Global Medical REIT’s dividend payout ratio (DPR) is presently 365.22%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Global Medical REIT from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th.

About Global Medical REIT

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.