Nisa Investment Advisors LLC trimmed its stake in shares of Global Medical REIT Inc. (NYSE:GMRE – Free Report) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,047 shares of the company’s stock after selling 2,450 shares during the period. Nisa Investment Advisors LLC owned approximately 0.06% of Global Medical REIT worth $445,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. US Bancorp DE lifted its position in shares of Global Medical REIT by 57.6% during the second quarter. US Bancorp DE now owns 2,943 shares of the company’s stock worth $27,000 after purchasing an additional 1,076 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of Global Medical REIT during the second quarter worth approximately $43,000. Tower Research Capital LLC TRC lifted its position in shares of Global Medical REIT by 227.1% during the third quarter. Tower Research Capital LLC TRC now owns 5,646 shares of the company’s stock worth $48,000 after purchasing an additional 3,920 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Global Medical REIT during the second quarter worth approximately $55,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Global Medical REIT during the first quarter worth approximately $65,000. 57.52% of the stock is currently owned by institutional investors and hedge funds.
Global Medical REIT Trading Up 0.9 %
GMRE opened at $8.06 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.17 and a quick ratio of 0.17. The company has a market cap of $528.17 million, a price-to-earnings ratio of 35.02 and a beta of 1.12. The firm has a 50 day simple moving average of $8.88 and a 200 day simple moving average of $9.56. Global Medical REIT Inc. has a fifty-two week low of $7.98 and a fifty-two week high of $11.59.
Global Medical REIT Dividend Announcement
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of Global Medical REIT from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th.
View Our Latest Report on GMRE
Global Medical REIT 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.
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