Global Medical REIT Inc. (NYSE:GMRE – Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $8.02 and last traded at $8.03, with a volume of 67779 shares. The stock had previously closed at $8.18.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of Global Medical REIT from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th.
View Our Latest Research Report on GMRE
Global Medical REIT Trading Up 0.9 %
Global Medical REIT Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Friday, March 22nd were given a $0.21 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.84 annualized dividend and a dividend yield of 10.43%. Global Medical REIT’s dividend payout ratio is presently 365.22%.
Institutional Investors Weigh In On Global Medical REIT
Hedge funds have recently modified their holdings of the stock. US Bancorp DE boosted its position in shares of Global Medical REIT by 57.6% in the second 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. Captrust Financial Advisors acquired a new stake in shares of Global Medical REIT in the second quarter worth approximately $43,000. AJOVista LLC acquired a new stake in shares of Global Medical REIT in the fourth quarter worth approximately $54,000. Point72 Hong Kong Ltd acquired a new stake in shares of Global Medical REIT in the second quarter worth approximately $55,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Global Medical REIT by 227.1% in the third quarter. Tower Research Capital LLC TRC now owns 5,646 shares of the company’s stock worth $48,000 after acquiring an additional 3,920 shares during the last quarter. 57.52% of the stock is owned by institutional investors and hedge funds.
Global Medical REIT Company 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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