Quadrant Capital Group LLC Buys 1,666 Shares of Global Medical REIT Inc. (NYSE:GMRE)

Quadrant Capital Group LLC lifted its holdings in Global Medical REIT Inc. (NYSE:GMRE) by 41.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,679 shares of the company’s stock after acquiring an additional 1,666 shares during the period. Quadrant Capital Group LLC’s holdings in Global Medical REIT were worth $63,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. AJOVista LLC purchased a new stake in Global Medical REIT during the fourth quarter valued at approximately $54,000. Versor Investments LP purchased a new stake in Global Medical REIT during the third quarter valued at approximately $93,000. New York Life Investment Management LLC purchased a new stake in shares of Global Medical REIT in the fourth quarter worth approximately $115,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Global Medical REIT by 19.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,110 shares of the company’s stock worth $146,000 after buying an additional 2,114 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in Global Medical REIT by 11.6% in the third quarter. Commonwealth Equity Services LLC now owns 21,684 shares of the company’s stock worth $195,000 after purchasing an additional 2,260 shares in the last quarter. Institutional investors own 57.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GMRE shares. B. Riley dropped their target price on Global Medical REIT from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, May 13th. StockNews.com cut Global Medical REIT from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th.

Global Medical REIT Stock Performance

Shares of GMRE stock opened at $8.90 on Monday. The business has a fifty day moving average of $8.50 and a 200 day moving average of $9.50. The firm has a market capitalization of $583.75 million, a price-to-earnings ratio of 38.70, a price-to-earnings-growth ratio of 1.24 and a beta of 1.13. Global Medical REIT Inc. has a 1 year low of $7.98 and a 1 year high of $11.59. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.22 and a quick ratio of 0.22.

Global Medical REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.44%. Global Medical REIT’s payout ratio is currently 365.22%.

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.