Sumitomo Mitsui Trust Holdings Inc. Acquires 11,360 Shares of Global Medical REIT Inc. (NYSE:GMRE)

Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Global Medical REIT Inc. (NYSE:GMRE) by 18.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 74,445 shares of the company’s stock after buying an additional 11,360 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Global Medical REIT were worth $826,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Brown Advisory Inc. raised its position in shares of Global Medical REIT by 27.0% in the 3rd quarter. Brown Advisory Inc. now owns 1,423,088 shares of the company’s stock worth $12,765,000 after purchasing an additional 302,326 shares during the last quarter. Invesco Ltd. raised its position in shares of Global Medical REIT by 6.9% in the 3rd quarter. Invesco Ltd. now owns 1,030,423 shares of the company’s stock worth $9,243,000 after purchasing an additional 66,802 shares during the last quarter. Sound Income Strategies LLC raised its position in shares of Global Medical REIT by 7.0% in the 4th quarter. Sound Income Strategies LLC now owns 977,499 shares of the company’s stock worth $10,850,000 after purchasing an additional 63,843 shares during the last quarter. Stifel Financial Corp raised its position in Global Medical REIT by 1.3% in the 3rd quarter. Stifel Financial Corp now owns 841,768 shares of the company’s stock worth $7,551,000 after buying an additional 10,566 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Global Medical REIT by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 778,081 shares of the company’s stock worth $6,979,000 after buying an additional 16,134 shares during the last quarter. 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 $8.09 on Friday. Global Medical REIT Inc. has a fifty-two week low of $7.98 and a fifty-two week high of $11.59. The business has a 50-day simple moving average of $8.71 and a two-hundred day simple moving average of $9.53. 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 firm has a market cap of $530.46 million, a price-to-earnings ratio of 35.17 and a beta of 1.12.

Global Medical REIT Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 10.38%. The ex-dividend date of this dividend was Thursday, March 21st. Global Medical REIT’s dividend payout ratio (DPR) is 365.22%.

Analyst Ratings Changes

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