Global Medical REIT Inc. (NYSE:GMRE) Shares Purchased by Raymond James & Associates

Raymond James & Associates increased its position in shares of Global Medical REIT Inc. (NYSE:GMRE) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,871 shares of the company’s stock after acquiring an additional 1,606 shares during the period. Raymond James & Associates owned approximately 0.19% of Global Medical REIT worth $1,353,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Penserra Capital Management LLC grew its holdings in Global Medical REIT by 14.4% during the third quarter. Penserra Capital Management LLC now owns 55,589 shares of the company’s stock worth $498,000 after acquiring an additional 6,996 shares during the period. Brown Advisory Inc. increased its stake in Global Medical REIT by 27.0% in the 3rd quarter. Brown Advisory Inc. now owns 1,423,088 shares of the company’s stock worth $12,765,000 after purchasing an additional 302,326 shares in the last quarter. SG Americas Securities LLC increased its stake in Global Medical REIT by 27.0% in the 4th quarter. SG Americas Securities LLC now owns 34,104 shares of the company’s stock worth $379,000 after purchasing an additional 7,250 shares in the last quarter. Sound Income Strategies LLC increased its stake in Global Medical REIT by 7.0% in the 4th quarter. Sound Income Strategies LLC now owns 977,499 shares of the company’s stock worth $10,850,000 after purchasing an additional 63,843 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in Global Medical REIT by 8.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 88,429 shares of the company’s stock worth $793,000 after purchasing an additional 6,598 shares in the last quarter. 57.52% of the stock is owned by institutional investors and hedge funds.

Global Medical REIT Trading Up 0.6 %

Shares of GMRE opened at $8.17 on Friday. The business’s 50-day moving average price is $8.82 and its 200 day moving average price is $9.54. The stock has a market capitalization of $535.75 million, a P/E ratio of 35.52 and a beta of 1.12. Global Medical REIT Inc. has a 1-year low of $7.98 and a 1-year high of $11.59. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.11.

Global Medical REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.84 annualized dividend and a yield of 10.28%. Global Medical REIT’s dividend payout ratio (DPR) is presently 365.22%.

Analysts Set New Price Targets

Separately, StockNews.com cut Global Medical REIT from a “buy” rating to a “hold” rating in a research note 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.