174,897 Shares in Global Medical REIT Inc. (NYSE:GMRE) Acquired by abrdn plc

abrdn plc bought a new position in Global Medical REIT Inc. (NYSE:GMRE) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 174,897 shares of the company’s stock, valued at approximately $1,941,000.

Other institutional investors have also added to or reduced their stakes in the company. Versor Investments LP bought a new stake in shares of Global Medical REIT during the third quarter valued at approximately $93,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Global Medical REIT by 19.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,110 shares of the company’s stock valued at $146,000 after buying an additional 2,114 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Global Medical REIT by 11.6% during the third quarter. Commonwealth Equity Services LLC now owns 21,684 shares of the company’s stock valued at $195,000 after buying an additional 2,260 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Global Medical REIT during the fourth quarter valued at approximately $258,000. Finally, Hodges Capital Management Inc. purchased a new position in shares of Global Medical REIT in the third quarter valued at $233,000. 57.52% of the stock is owned by hedge funds and other institutional investors.

Global Medical REIT Stock Up 0.2 %

NYSE GMRE opened at $8.11 on Monday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.11. The company has a fifty day moving average of $8.68 and a two-hundred day moving average of $9.53. The firm has a market capitalization of $531.77 million, a price-to-earnings ratio of 35.26 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.

Global Medical REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 10.36%. 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 lowered shares of 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.