Polaris Capital Management LLC Sells 96,800 Shares of Global Medical REIT Inc. (NYSE:GMRE)

Polaris Capital Management LLC decreased its position in Global Medical REIT Inc. (NYSE:GMRE) by 47.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 109,200 shares of the company’s stock after selling 96,800 shares during the quarter. Polaris Capital Management LLC owned approximately 0.16% of Global Medical REIT worth $843,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its position in shares of Global Medical REIT by 7.8% during the second quarter. The Manufacturers Life Insurance Company now owns 48,186 shares of the company’s stock valued at $438,000 after buying an additional 3,471 shares during the last quarter. SG Americas Securities LLC raised its stake in Global Medical REIT by 90.1% during the 3rd quarter. SG Americas Securities LLC now owns 22,700 shares of the company’s stock valued at $225,000 after purchasing an additional 10,759 shares during the period. Creative Planning raised its stake in Global Medical REIT by 13.3% during the 3rd quarter. Creative Planning now owns 22,980 shares of the company’s stock valued at $228,000 after purchasing an additional 2,702 shares during the period. International Assets Investment Management LLC raised its stake in Global Medical REIT by 900.1% during the 3rd quarter. International Assets Investment Management LLC now owns 21,313 shares of the company’s stock valued at $2,151,000 after purchasing an additional 19,182 shares during the period. Finally, First Trust Direct Indexing L.P. increased its stake in Global Medical REIT by 25.6% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 20,432 shares of the company’s stock worth $202,000 after acquiring an additional 4,164 shares during the last quarter. Institutional investors own 57.52% of the company’s stock.

Analyst Ratings Changes

Separately, Berenberg Bank began coverage on Global Medical REIT in a research report on Friday, October 18th. They set a “buy” rating and a $11.75 target price on the stock.

Global Medical REIT Price Performance

Shares of NYSE:GMRE opened at $7.85 on Tuesday. Global Medical REIT Inc. has a 52-week low of $7.33 and a 52-week high of $10.46. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.28 and a current ratio of 0.28. The business has a 50-day moving average price of $8.01 and a 200-day moving average price of $8.85.

Global Medical REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 10.71%. The ex-dividend date was Friday, December 20th. Global Medical REIT’s payout ratio is currently -4,197.90%.

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.