International Assets Investment Management LLC Acquires New Holdings in Global Medical REIT Inc. (NYSE:GMRE)

International Assets Investment Management LLC acquired a new stake in shares of Global Medical REIT Inc. (NYSE:GMRE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,265 shares of the company’s stock, valued at approximately $258,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Penserra Capital Management LLC raised its position in Global Medical REIT by 14.4% in the third quarter. Penserra Capital Management LLC now owns 55,589 shares of the company’s stock worth $498,000 after acquiring an additional 6,996 shares during the period. Brown Advisory Inc. raised its position in Global Medical REIT by 27.0% in the third quarter. Brown Advisory Inc. now owns 1,423,088 shares of the company’s stock worth $12,765,000 after acquiring an additional 302,326 shares during the period. SG Americas Securities LLC raised its position in Global Medical REIT by 27.0% in the fourth quarter. SG Americas Securities LLC now owns 34,104 shares of the company’s stock worth $379,000 after acquiring an additional 7,250 shares during the period. Raymond James & Associates raised its position in Global Medical REIT by 1.3% in the fourth quarter. Raymond James & Associates now owns 121,871 shares of the company’s stock worth $1,353,000 after acquiring an additional 1,606 shares during the period. Finally, Sound Income Strategies LLC raised its position in Global Medical REIT by 7.0% in the fourth quarter. Sound Income Strategies LLC now owns 977,499 shares of the company’s stock worth $10,850,000 after acquiring an additional 63,843 shares during the period. Institutional investors own 57.52% of the company’s stock.

Global Medical REIT Stock Up 0.2 %

GMRE opened at $8.11 on Friday. The firm’s 50 day simple moving average is $8.68 and its two-hundred day simple moving average is $9.53. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $531.77 million, a PE ratio of 35.26 and a beta of 1.12. Global Medical REIT Inc. has a 1-year low of $7.98 and a 1-year high of $11.59.

Global Medical REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Friday, March 22nd were paid a $0.21 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 10.36%. Global Medical REIT’s dividend payout ratio (DPR) is presently 365.22%.

Analyst Upgrades and Downgrades

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

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.