Allspring Global Investments Holdings LLC Increases Stock Holdings in Global Medical REIT Inc. (NYSE:GMRE)

Allspring Global Investments Holdings LLC increased its holdings in Global Medical REIT Inc. (NYSE:GMRE) by 35.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 293,223 shares of the company’s stock after purchasing an additional 77,008 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Global Medical REIT were worth $3,255,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in GMRE. Wellington Management Group LLP purchased a new stake in Global Medical REIT during the first quarter valued at about $24,828,000. Goldman Sachs Group Inc. grew its position in Global Medical REIT by 450.4% during the second quarter. Goldman Sachs Group Inc. now owns 834,559 shares of the company’s stock valued at $9,372,000 after acquiring an additional 682,943 shares during the period. Millennium Management LLC purchased a new stake in Global Medical REIT during the second quarter valued at about $5,032,000. Renaissance Technologies LLC boosted its position 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 buying an additional 349,300 shares during the period. Finally, Brown Advisory Inc. boosted its position 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 buying an additional 302,326 shares during the period. Hedge funds and other institutional investors own 57.52% of the company’s stock.

Global Medical REIT Price Performance

Shares of NYSE GMRE opened at $8.19 on Friday. Global Medical REIT Inc. has a 1-year low of $7.98 and a 1-year high of $11.59. The business has a 50-day moving average of $8.82 and a 200-day moving average of $9.55. 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 company has a market capitalization of $537.02 million, a price-to-earnings ratio of 35.61 and a beta of 1.12.

Global Medical REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Friday, March 22nd were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 10.26%. The ex-dividend date was Thursday, March 21st. Global Medical REIT’s payout ratio is 365.22%.

Analysts Set New Price Targets

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

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.