Global Medical REIT Inc. (NYSE:GMRE) Shares Sold by Beck Capital Management LLC

Beck Capital Management LLC lowered its stake in shares of Global Medical REIT Inc. (NYSE:GMRE) by 36.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 158,042 shares of the company’s stock after selling 90,380 shares during the quarter. Beck Capital Management LLC’s holdings in Global Medical REIT were worth $1,566,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its position in Global Medical REIT by 788.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 130,560 shares of the company’s stock worth $1,143,000 after purchasing an additional 115,866 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Global Medical REIT by 1.2% during the first quarter. Vanguard Group Inc. now owns 6,213,404 shares of the company’s stock valued at $54,367,000 after buying an additional 76,267 shares during the last quarter. Duncan Williams Asset Management LLC acquired a new position in shares of Global Medical REIT in the 3rd quarter valued at $538,000. CANADA LIFE ASSURANCE Co raised its stake in Global Medical REIT by 2.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 74,528 shares of the company’s stock worth $652,000 after acquiring an additional 1,592 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in Global Medical REIT by 900.1% in the 3rd quarter. International Assets Investment Management LLC now owns 21,313 shares of the company’s stock worth $2,151,000 after acquiring an additional 19,182 shares during the last quarter. 57.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GMRE. Berenberg Bank initiated coverage on Global Medical REIT in a research note on Friday, October 18th. They set a “buy” rating and a $11.75 price target on the stock. Alliance Global Partners began coverage on Global Medical REIT in a research report on Thursday, September 19th. They issued a “buy” rating and a $12.00 target price on the stock.

Global Medical REIT Trading Up 0.3 %

NYSE GMRE opened at $8.89 on Monday. Global Medical REIT Inc. has a 1 year low of $7.98 and a 1 year high of $11.59. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market capitalization of $593.85 million, a PE ratio of -444.28, a P/E/G ratio of 1.53 and a beta of 1.25. The company has a fifty day moving average of $9.22 and a 200 day moving average of $9.24.

Global Medical REIT (NYSE:GMRE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.18). The company had revenue of $34.26 million during the quarter, compared to analyst estimates of $34.88 million. Global Medical REIT had a net margin of 3.23% and a return on equity of 0.86%. During the same period last year, the firm earned $0.23 EPS. Research analysts forecast that Global Medical REIT Inc. will post 0.83 earnings per share for the current year.

Global Medical REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.84 annualized dividend and a yield of 9.45%. Global Medical REIT’s dividend payout ratio is presently -4,197.90%.

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.