44,797 Shares in Global Medical REIT Inc. (NYSE:GMRE) Bought by First Trust Advisors LP

First Trust Advisors LP acquired a new stake in shares of Global Medical REIT Inc. (NYSE:GMRE) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 44,797 shares of the company’s stock, valued at approximately $346,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Barclays PLC raised its stake in Global Medical REIT by 87.1% in the third quarter. Barclays PLC now owns 154,051 shares of the company’s stock worth $1,527,000 after buying an additional 71,704 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Global Medical REIT by 228.9% in the 3rd quarter. Franklin Resources Inc. now owns 114,988 shares of the company’s stock worth $1,073,000 after acquiring an additional 80,030 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Global Medical REIT by 54.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 231,927 shares of the company’s stock worth $2,298,000 after acquiring an additional 81,596 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Global Medical REIT by 13.8% in the 4th quarter. SG Americas Securities LLC now owns 25,828 shares of the company’s stock valued at $199,000 after purchasing an additional 3,128 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in shares of Global Medical REIT by 11.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 143,447 shares of the company’s stock valued at $1,107,000 after purchasing an additional 14,532 shares in the last quarter. 57.52% of the stock is currently owned by institutional investors.

Global Medical REIT Trading Down 1.6 %

Shares of Global Medical REIT stock opened at $6.83 on Friday. Global Medical REIT Inc. has a twelve month low of $6.75 and a twelve month high of $10.46. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 1.26. The business has a 50-day moving average price of $8.00 and a 200-day moving average price of $8.23. The firm has a market cap of $456.73 million, a price-to-earnings ratio of -341.33, a PEG ratio of 1.43 and a beta of 1.23.

Global Medical REIT (NYSE:GMRE) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. Global Medical REIT had a return on equity of 0.86% and a net margin of 3.23%. The company had revenue of $34.60 million for the quarter, compared to analysts’ expectations of $35.49 million. Equities research analysts anticipate that Global Medical REIT Inc. will post 0.81 EPS for the current fiscal year.

Global Medical REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Friday, March 21st were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 12.30%. The ex-dividend date was Friday, March 21st. Global Medical REIT’s payout ratio is 8,400.00%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. B. Riley started 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 for the company. Robert W. Baird decreased their target price on shares of Global Medical REIT from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday.

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.