Raymond James & Associates Has $1.35 Million Stock Holdings in Global Medical REIT Inc. (NYSE:GMRE)

Raymond James & Associates raised its stake in Global Medical REIT Inc. (NYSE:GMRE) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 121,871 shares of the company’s stock after buying an additional 1,606 shares during the quarter. Raymond James & Associates’ holdings in Global Medical REIT were worth $1,353,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in GMRE. Wellington Management Group LLP acquired a new position in Global Medical REIT in the first quarter valued at about $24,828,000. Goldman Sachs Group Inc. increased its holdings in shares of Global Medical REIT by 450.4% in the second quarter. Goldman Sachs Group Inc. now owns 834,559 shares of the company’s stock worth $9,372,000 after acquiring an additional 682,943 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Global Medical REIT in the second quarter worth about $5,032,000. Renaissance Technologies LLC increased its holdings in shares of Global Medical REIT by 205.0% in the second quarter. Renaissance Technologies LLC now owns 519,700 shares of the company’s stock worth $5,836,000 after acquiring an additional 349,300 shares in the last quarter. Finally, Brown Advisory Inc. increased its holdings in shares of Global Medical REIT by 27.0% in the third quarter. Brown Advisory Inc. now owns 1,423,088 shares of the company’s stock worth $12,765,000 after acquiring an additional 302,326 shares in the last quarter. Institutional investors and hedge funds own 57.52% of the company’s stock.

Global Medical REIT Stock Up 0.6 %

NYSE:GMRE opened at $8.17 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.17 and a current ratio of 0.17. The company has a market cap of $535.75 million, a PE ratio of 35.52 and a beta of 1.12. Global Medical REIT Inc. has a 52-week low of $7.98 and a 52-week high of $11.59. The stock has a 50-day simple moving average of $8.82 and a 200 day simple moving average of $9.54.

Global Medical REIT Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Global Medical REIT from a “buy” rating to a “hold” rating in a report 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.