Intech Investment Management LLC Purchases 9,086 Shares of Global Medical REIT Inc. (NYSE:GMRE)

Intech Investment Management LLC increased its position in Global Medical REIT Inc. (NYSE:GMRE) by 60.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 24,172 shares of the company’s stock after purchasing an additional 9,086 shares during the period. Intech Investment Management LLC’s holdings in Global Medical REIT were worth $187,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Global Medical REIT by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 853,103 shares of the company’s stock valued at $8,454,000 after buying an additional 41,172 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Global Medical REIT during the 3rd quarter valued at about $206,000. D.A. Davidson & CO. boosted its stake in Global Medical REIT by 1.0% during the third quarter. D.A. Davidson & CO. now owns 441,672 shares of the company’s stock worth $4,377,000 after acquiring an additional 4,202 shares in the last quarter. FMR LLC grew its holdings in Global Medical REIT by 39.5% in the third quarter. FMR LLC now owns 184,550 shares of the company’s stock worth $1,829,000 after purchasing an additional 52,281 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Global Medical REIT by 158.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 120,614 shares of the company’s stock valued at $1,195,000 after purchasing an additional 73,965 shares in the last quarter. Institutional investors own 57.52% of the company’s stock.

Global Medical REIT Price Performance

GMRE stock opened at $8.69 on Friday. 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 firm has a 50 day moving average price of $8.34 and a 200-day moving average price of $8.68. Global Medical REIT Inc. has a 52-week low of $7.33 and a 52-week high of $10.46. The firm has a market capitalization of $580.77 million, a price-to-earnings ratio of -434.03, a PEG ratio of 1.43 and a beta of 1.26.

Global Medical REIT (NYSE:GMRE) last announced its quarterly earnings data 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. Global Medical REIT had a return on equity of 0.86% and a net margin of 3.23%. The business had revenue of $35.16 million during the quarter, compared to analysts’ expectations of $34.87 million. Equities research analysts forecast that Global Medical REIT Inc. will post 0.81 EPS for the current fiscal year.

Global Medical REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Friday, March 21st will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 9.67%. The ex-dividend date of this dividend is Friday, March 21st. Global Medical REIT’s dividend payout ratio (DPR) is 8,400.00%.

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.