Boothbay Fund Management LLC Acquires New Holdings in Global Medical REIT Inc. (NYSE:GMRE)

Boothbay Fund Management LLC acquired a new stake in shares of Global Medical REIT Inc. (NYSE:GMREGet Rating) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,968 shares of the company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GMRE. JPMorgan Chase & Co. lifted its position in Global Medical REIT by 6.4% during the first quarter. JPMorgan Chase & Co. now owns 728,295 shares of the company’s stock valued at $11,886,000 after purchasing an additional 43,687 shares during the period. Raymond James & Associates increased its holdings in Global Medical REIT by 12.9% during the first quarter. Raymond James & Associates now owns 136,298 shares of the company’s stock valued at $2,224,000 after buying an additional 15,528 shares during the last quarter. MetLife Investment Management LLC increased its holdings in Global Medical REIT by 58.8% during the first quarter. MetLife Investment Management LLC now owns 29,210 shares of the company’s stock valued at $477,000 after buying an additional 10,812 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in Global Medical REIT by 6.3% during the first quarter. Great West Life Assurance Co. Can now owns 52,268 shares of the company’s stock valued at $886,000 after buying an additional 3,089 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Global Medical REIT by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 755,453 shares of the company’s stock valued at $12,329,000 after buying an additional 5,087 shares during the last quarter. Institutional investors own 65.08% of the company’s stock.

Global Medical REIT Stock Up 3.1 %

Shares of GMRE stock opened at $10.12 on Monday. Global Medical REIT Inc. has a 12 month low of $7.01 and a 12 month high of $16.47. The stock has a market cap of $663.16 million, a P/E ratio of 50.60, a P/E/G ratio of 1.35 and a beta of 1.05. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.09. The company has a 50 day simple moving average of $10.40 and a two-hundred day simple moving average of $9.83.

Global Medical REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 9th. Shareholders of record on Thursday, December 22nd were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, December 21st. This represents a $0.84 dividend on an annualized basis and a yield of 8.30%. Global Medical REIT’s dividend payout ratio is currently 420.02%.

About Global Medical REIT

(Get Rating)

Global Medical REIT, Inc engages in the acquisition of purpose-built healthcare facilities and leasing of those properties to strong healthcare systems and physician groups. The company was founded on March 18, 2011 and is headquartered in Bethesda, MD.

See Also

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Institutional Ownership by Quarter for Global Medical REIT (NYSE:GMRE)

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