Nisa Investment Advisors LLC Sells 2,450 Shares of Global Medical REIT Inc. (NYSE:GMRE)

Nisa Investment Advisors LLC trimmed its holdings in shares of Global Medical REIT Inc. (NYSE:GMRE) by 5.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 40,047 shares of the company’s stock after selling 2,450 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Global Medical REIT were worth $445,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. US Bancorp DE increased its holdings in Global Medical REIT by 57.6% in the 2nd quarter. US Bancorp DE now owns 2,943 shares of the company’s stock valued at $27,000 after buying an additional 1,076 shares during the period. Captrust Financial Advisors bought a new position in Global Medical REIT in the 2nd quarter valued at about $43,000. Point72 Hong Kong Ltd bought a new position in Global Medical REIT in the 2nd quarter valued at about $55,000. Tower Research Capital LLC TRC increased its holdings in Global Medical REIT by 227.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,646 shares of the company’s stock valued at $48,000 after buying an additional 3,920 shares during the period. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Global Medical REIT in the 1st quarter valued at approximately $65,000. 57.52% of the stock is owned by institutional investors.

Global Medical REIT Stock Up 0.9 %

NYSE:GMRE opened at $8.06 on Thursday. The firm’s 50 day simple moving average is $8.88 and its 200 day simple moving average is $9.56. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.17 and a quick ratio of 0.17. Global Medical REIT Inc. has a one year low of $7.98 and a one year high of $11.59. The company has a market cap of $528.17 million, a PE ratio of 35.02 and a beta of 1.12.

Global Medical REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Friday, March 22nd were given a dividend of $0.21 per share. The ex-dividend date was Thursday, March 21st. This represents a $0.84 annualized dividend and a yield of 10.43%. Global Medical REIT’s dividend payout ratio is presently 365.22%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Global Medical REIT from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th.

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.