Asset Management One Co. Ltd. Has $1.09 Million Stock Position in Global Medical REIT Inc. (NYSE:GMRE)

Asset Management One Co. Ltd. increased its holdings in Global Medical REIT Inc. (NYSE:GMRE) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,377 shares of the company’s stock after acquiring an additional 2,179 shares during the period. Asset Management One Co. Ltd. owned about 0.15% of Global Medical REIT worth $1,086,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. US Bancorp DE boosted its holdings in Global Medical REIT by 57.6% during the 2nd quarter. US Bancorp DE now owns 2,943 shares of the company’s stock worth $27,000 after acquiring an additional 1,076 shares during the last quarter. Toroso Investments LLC boosted its holdings in Global Medical REIT by 5.9% during the fourth quarter. Toroso Investments LLC now owns 20,682 shares of the company’s stock worth $196,000 after purchasing an additional 1,149 shares during the last quarter. Truist Financial Corp boosted its holdings in Global Medical REIT by 5.6% during the fourth quarter. Truist Financial Corp now owns 27,531 shares of the company’s stock worth $261,000 after purchasing an additional 1,459 shares during the last quarter. Invesco Ltd. grew its position in Global Medical REIT by 2.3% in the 1st quarter. Invesco Ltd. now owns 65,254 shares of the company’s stock worth $1,064,000 after purchasing an additional 1,461 shares in the last quarter. Finally, Raymond James & Associates increased its stake in Global Medical REIT by 1.3% in the 4th quarter. Raymond James & Associates now owns 121,871 shares of the company’s stock valued at $1,353,000 after buying an additional 1,606 shares during the last quarter. Institutional investors own 57.52% of the company’s stock.

Global Medical REIT Trading Up 0.4 %

NYSE GMRE opened at $8.31 on Friday. The business’s fifty day moving average is $8.97 and its 200-day moving average is $9.57. 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 stock has a market capitalization of $544.89 million, a price-to-earnings ratio of 36.13 and a beta of 1.12. Global Medical REIT Inc. has a one year low of $8.06 and a one year high of $11.59.

Global Medical REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Friday, March 22nd were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 10.11%. The ex-dividend date of this dividend was Thursday, March 21st. Global Medical REIT’s dividend payout ratio is 365.22%.

Analyst Ratings Changes

Separately, StockNews.com downgraded 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.