Wedbush Securities Inc. cut its stake in Global Medical REIT Inc. (NYSE:GMRE – Free Report) by 25.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,017 shares of the company’s stock after selling 5,788 shares during the quarter. Wedbush Securities Inc.’s holdings in Global Medical REIT were worth $155,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in GMRE. Quadrant Capital Group LLC increased its holdings in shares of Global Medical REIT by 41.5% in the 4th quarter. Quadrant Capital Group LLC now owns 5,679 shares of the company’s stock valued at $63,000 after acquiring an additional 1,666 shares during the period. Creekmur Asset Management LLC acquired a new stake in shares of Global Medical REIT in the 4th quarter worth $92,000. M&G Plc acquired a new stake in shares of Global Medical REIT in the 1st quarter worth $141,000. BTC Capital Management Inc. acquired a new stake in shares of Global Medical REIT in the 1st quarter worth $143,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Global Medical REIT in the 4th quarter worth $182,000. 57.52% of the stock is currently owned by hedge funds and other institutional investors.
Global Medical REIT Stock Up 3.5 %
Global Medical REIT stock opened at $9.99 on Monday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market capitalization of $655.24 million, a price-to-earnings ratio of 43.43, a PEG ratio of 1.39 and a beta of 1.24. Global Medical REIT Inc. has a 1-year low of $7.98 and a 1-year high of $11.59. The business has a fifty day moving average price of $9.34 and a 200-day moving average price of $8.95.
Global Medical REIT Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, September 20th. This represents a $0.84 dividend on an annualized basis and a yield of 8.41%. Global Medical REIT’s dividend payout ratio is currently 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.
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