Zurcher Kantonalbank Zurich Cantonalbank Buys 2,114 Shares of Global Medical REIT Inc. (NYSE:GMRE)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Global Medical REIT Inc. (NYSE:GMRE) by 19.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 13,110 shares of the company’s stock after acquiring an additional 2,114 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Global Medical REIT were worth $146,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its position in shares of Global Medical REIT by 35.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 293,223 shares of the company’s stock valued at $3,255,000 after purchasing an additional 77,008 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Global Medical REIT by 6.9% during the 3rd quarter. Invesco Ltd. now owns 1,030,423 shares of the company’s stock valued at $9,243,000 after buying an additional 66,802 shares in the last quarter. Sound Income Strategies LLC grew 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 buying an additional 63,843 shares during the period. All Season Financial Advisors Inc. bought a new position in shares of Global Medical REIT in the 4th quarter worth about $400,000. Finally, SG Americas Securities LLC purchased a new position in Global Medical REIT during the 3rd quarter valued at about $241,000. Hedge funds and other institutional investors own 57.52% of the company’s stock.

Analyst Upgrades and Downgrades

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

Global Medical REIT Stock Up 3.7 %

GMRE stock opened at $8.78 on Thursday. The business has a 50 day moving average of $8.52 and a 200 day moving average of $9.50. The firm has a market cap of $575.75 million, a PE ratio of 38.17 and a beta of 1.13. Global Medical REIT Inc. has a twelve month low of $7.98 and a twelve month high of $11.59. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.11.

Global Medical REIT Dividend Announcement

The business also recently declared 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 9.57%. The ex-dividend date was Thursday, March 21st. Global Medical REIT’s dividend payout ratio is presently 365.22%.

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.