GAMMA Investing LLC Has $63,000 Stock Holdings in Global Medical REIT Inc. (NYSE:GMRE)

GAMMA Investing LLC lifted its position in shares of Global Medical REIT Inc. (NYSE:GMRE) by 11,234.4% during the 1st quarter, Holdings Channel reports. The firm owned 7,254 shares of the company’s stock after purchasing an additional 7,190 shares during the quarter. GAMMA Investing LLC’s holdings in Global Medical REIT were worth $63,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Global Medical REIT during the 4th quarter worth about $951,000. PharVision Advisers LLC acquired a new position in shares of Global Medical REIT during the 4th quarter worth about $161,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Global Medical REIT by 7.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 129,965 shares of the company’s stock worth $1,003,000 after purchasing an additional 9,351 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Global Medical REIT during the 4th quarter worth about $82,000. Finally, Two Sigma Advisers LP increased its stake in shares of Global Medical REIT by 375.3% during the 4th quarter. Two Sigma Advisers LP now owns 167,300 shares of the company’s stock worth $1,292,000 after purchasing an additional 132,100 shares during the last quarter. 57.52% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Global Medical REIT news, CEO Mark Okey Decker, Jr. bought 57,332 shares of the firm’s stock in a transaction on Wednesday, June 25th. The shares were purchased at an average price of $6.50 per share, for a total transaction of $372,658.00. Following the transaction, the chief executive officer now directly owns 160,000 shares in the company, valued at approximately $1,040,000. This trade represents a 55.84% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GMRE. B. Riley began coverage on shares of Global Medical REIT in a research note on Thursday, April 3rd. They issued a “neutral” rating and a $9.00 price target on the stock. Wall Street Zen lowered shares of Global Medical REIT from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. Finally, Robert W. Baird decreased their price target on shares of Global Medical REIT from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.44.

Global Medical REIT Stock Down 1.2%

Shares of GMRE opened at $6.49 on Thursday. Global Medical REIT Inc. has a 52 week low of $6.06 and a 52 week high of $10.46. The firm has a market cap of $433.99 million, a P/E ratio of 216.41, a price-to-earnings-growth ratio of 1.12 and a beta of 1.14. The firm’s 50-day simple moving average is $6.81 and its 200 day simple moving average is $7.66. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.26 and a current ratio of 0.26.

Global Medical REIT (NYSE:GMRE) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. Global Medical REIT had a net margin of 5.87% and a return on equity of 1.68%. The business had revenue of $34.60 million for the quarter, compared to analyst estimates of $35.49 million. On average, analysts forecast that Global Medical REIT Inc. will post 0.81 earnings per share for the current year.

Global Medical REIT Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Friday, June 20th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.24%. Global Medical REIT’s payout ratio is presently 2,000.00%.

About Global Medical REIT

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.