Global Medical REIT Inc. (NYSE:GMRE) Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Global Medical REIT Inc. (NYSE:GMRE) by 11.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,260,098 shares of the company’s stock after acquiring an additional 128,449 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 1.89% of Global Medical REIT worth $9,728,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cutler Capital Management LLC lifted its position in Global Medical REIT by 0.3% during the 4th quarter. Cutler Capital Management LLC now owns 450,279 shares of the company’s stock worth $3,476,000 after acquiring an additional 1,376 shares in the last quarter. Legal & General Group Plc increased its holdings in Global Medical REIT by 2.5% during the 4th quarter. Legal & General Group Plc now owns 61,525 shares of the company’s stock worth $475,000 after purchasing an additional 1,496 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Global Medical REIT by 16.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 12,646 shares of the company’s stock worth $98,000 after purchasing an additional 1,819 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Global Medical REIT by 58.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,260 shares of the company’s stock worth $48,000 after purchasing an additional 2,301 shares during the last quarter. Finally, Quarry LP increased its holdings in Global Medical REIT by 111.5% during the 4th quarter. Quarry LP now owns 4,940 shares of the company’s stock worth $38,000 after purchasing an additional 2,604 shares during the last quarter. 57.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GMRE has been the topic of several analyst reports. B. Riley initiated coverage on Global Medical REIT in a report on Thursday, April 3rd. They set a “neutral” rating and a $9.00 price objective on the stock. Robert W. Baird dropped their price objective on Global Medical REIT from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th.

Global Medical REIT Price Performance

Shares of NYSE GMRE opened at $6.84 on Friday. Global Medical REIT Inc. has a twelve month low of $6.58 and a twelve month high of $10.46. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $457.06 million, a price-to-earnings ratio of -341.58, a price-to-earnings-growth ratio of 1.43 and a beta of 1.23. The business has a 50 day simple moving average of $7.79 and a 200-day simple moving average of $8.15.

Global Medical REIT (NYSE:GMRE) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. Global Medical REIT had a return on equity of 0.86% and a net margin of 3.23%. The business had revenue of $34.60 million during the quarter, compared to the consensus estimate of $35.49 million. As a group, equities research analysts expect that Global Medical REIT Inc. will post 0.81 earnings per share for the current year.

Global Medical REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Friday, March 21st were issued a $0.21 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 12.29%. Global Medical REIT’s dividend payout ratio (DPR) is 2,800.00%.

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.