Parallel Advisors LLC Lowers Holdings in Global Medical REIT Inc. (NYSE:GMRE)

Parallel Advisors LLC reduced its position in shares of Global Medical REIT Inc. (NYSE:GMREFree Report) by 26.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,793 shares of the company’s stock after selling 1,369 shares during the quarter. Parallel Advisors LLC’s holdings in Global Medical REIT were worth $42,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. AJOVista LLC purchased a new position in shares of Global Medical REIT during the fourth quarter valued at $54,000. Quadrant Capital Group LLC grew its holdings in Global Medical REIT by 41.5% during the 4th quarter. Quadrant Capital Group LLC now owns 5,679 shares of the company’s stock worth $63,000 after acquiring an additional 1,666 shares in the last quarter. New York Life Investment Management LLC purchased a new position in Global Medical REIT during the 4th quarter valued at about $115,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Global Medical REIT by 19.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,110 shares of the company’s stock valued at $146,000 after purchasing an additional 2,114 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Global Medical REIT in the 4th quarter valued at about $182,000. 57.52% of the stock is owned by institutional investors.

Global Medical REIT Stock Down 2.0 %

NYSE:GMRE opened at $9.01 on Friday. The company’s 50-day simple moving average is $8.61 and its 200-day simple moving average is $9.48. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.22 and a current ratio of 0.22. Global Medical REIT Inc. has a fifty-two week low of $7.98 and a fifty-two week high of $11.59. The stock has a market capitalization of $590.95 million, a P/E ratio of 39.17, a P/E/G ratio of 1.29 and a beta of 1.21.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. StockNews.com lowered shares of Global Medical REIT from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. B. Riley cut their price target on Global Medical REIT from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, May 13th.

Read Our Latest Stock Report on GMRE

About Global Medical REIT

(Free Report)

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.

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Institutional Ownership by Quarter for Global Medical REIT (NYSE:GMRE)

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