BTC Capital Management Inc. Makes New $143,000 Investment in Global Medical REIT Inc. (NYSE:GMRE)

BTC Capital Management Inc. acquired a new stake in shares of Global Medical REIT Inc. (NYSE:GMRE) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 16,336 shares of the company’s stock, valued at approximately $143,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. D.A. Davidson & CO. lifted its position in Global Medical REIT by 7.0% during the fourth quarter. D.A. Davidson & CO. now owns 346,584 shares of the company’s stock valued at $3,847,000 after buying an additional 22,719 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in shares of Global Medical REIT by 14.4% during the 3rd quarter. Penserra Capital Management LLC now owns 55,589 shares of the company’s stock valued at $498,000 after acquiring an additional 6,996 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Global Medical REIT by 41.5% during the 4th quarter. Quadrant Capital Group LLC now owns 5,679 shares of the company’s stock worth $63,000 after purchasing an additional 1,666 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Global Medical REIT by 18.0% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 74,445 shares of the company’s stock valued at $826,000 after purchasing an additional 11,360 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Global Medical REIT in the fourth quarter valued at about $258,000. 57.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on GMRE. B. Riley cut their price objective on shares of Global Medical REIT from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, May 13th. StockNews.com downgraded Global Medical REIT from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th.

Global Medical REIT Stock Down 2.5 %

Shares of NYSE:GMRE opened at $8.81 on Friday. The firm has a market cap of $577.85 million, a PE ratio of 38.30, a price-to-earnings-growth ratio of 1.28 and a beta of 1.21. The company has a fifty day simple moving average of $8.73 and a 200 day simple moving average of $9.41. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 1.14. Global Medical REIT Inc. has a 12-month low of $7.98 and a 12-month high of $11.59.

Global Medical REIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Friday, June 21st will be paid a $0.21 dividend. The ex-dividend date is Friday, June 21st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.53%. Global Medical REIT’s dividend payout ratio (DPR) is presently 365.22%.

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.