Global Medical REIT Inc. (NYSE:GMRE) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its position in shares of Global Medical REIT Inc. (NYSE:GMRE) by 36.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,165 shares of the company’s stock after acquiring an additional 9,110 shares during the quarter. Russell Investments Group Ltd. owned about 0.05% of Global Medical REIT worth $264,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Franklin Resources Inc. boosted its position in Global Medical REIT by 228.9% during the 3rd quarter. Franklin Resources Inc. now owns 114,988 shares of the company’s stock worth $1,073,000 after purchasing an additional 80,030 shares during the period. Barclays PLC lifted its stake in shares of Global Medical REIT by 87.1% during the third quarter. Barclays PLC now owns 154,051 shares of the company’s stock worth $1,527,000 after purchasing an additional 71,704 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Global Medical REIT in the fourth quarter worth about $1,430,000. New Age Alpha Advisors LLC acquired a new stake in shares of Global Medical REIT in the fourth quarter valued at about $263,000. Finally, Aew Capital Management L P acquired a new stake in shares of Global Medical REIT in the fourth quarter valued at about $230,000. 57.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, B. Riley began coverage on Global Medical REIT in a report on Thursday, April 3rd. They issued a “neutral” rating and a $9.00 price target for the company.

Global Medical REIT Trading Up 0.1 %

NYSE:GMRE opened at $7.67 on Friday. Global Medical REIT Inc. has a one year low of $6.75 and a one year high of $10.46. The business’s 50-day simple moving average is $8.21 and its 200 day simple moving average is $8.37. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market cap of $512.90 million, a price-to-earnings ratio of -383.31, a price-to-earnings-growth ratio of 1.43 and a beta of 1.12.

Global Medical REIT (NYSE:GMRE) last announced its earnings results on Thursday, February 27th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.21. The company had revenue of $35.16 million for the quarter, compared to analyst estimates of $34.87 million. Global Medical REIT had a return on equity of 0.86% and a net margin of 3.23%. As a group, sell-side analysts predict that Global Medical REIT Inc. will post 0.81 earnings per share for the current fiscal year.

Global Medical REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Friday, March 21st were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 10.95%. The ex-dividend date of this dividend was Friday, March 21st. Global Medical REIT’s dividend payout ratio is currently 8,400.00%.

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.