Global Medical REIT Inc. (NYSE:GMRE) Shares Bought by Clifford Capital Partners LLC

Clifford Capital Partners LLC grew its holdings in Global Medical REIT Inc. (NYSE:GMRE) by 42.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,750 shares of the company’s stock after buying an additional 19,109 shares during the quarter. Clifford Capital Partners LLC owned 0.10% of Global Medical REIT worth $579,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. LSV Asset Management boosted its position in shares of Global Medical REIT by 114.0% during the 1st quarter. LSV Asset Management now owns 1,038,650 shares of the company’s stock worth $9,088,000 after purchasing an additional 553,408 shares during the period. Wellington Management Group LLP purchased a new stake in Global Medical REIT during the 4th quarter worth about $3,475,000. Price T Rowe Associates Inc. MD increased its stake in shares of Global Medical REIT by 788.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 130,560 shares of the company’s stock worth $1,143,000 after buying an additional 115,866 shares during the period. Vanguard Group Inc. raised its holdings in shares of Global Medical REIT by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 6,213,404 shares of the company’s stock valued at $54,367,000 after purchasing an additional 76,267 shares in the last quarter. Finally, Sound Income Strategies LLC raised its stake in Global Medical REIT by 10.0% in the first quarter. Sound Income Strategies LLC now owns 1,075,129 shares of the company’s stock valued at $9,407,000 after buying an additional 97,630 shares in the last quarter. 57.52% of the stock is owned by institutional investors and hedge funds.

Global Medical REIT Stock Down 0.8 %

GMRE opened at $9.83 on Wednesday. The business has a 50-day moving average of $9.46 and a two-hundred day moving average of $9.04. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.29 and a quick ratio of 0.29. Global Medical REIT Inc. has a 12 month low of $7.98 and a 12 month high of $11.59. The stock has a market capitalization of $644.73 million, a price-to-earnings ratio of 42.74, a price-to-earnings-growth ratio of 1.45 and a beta of 1.24.

Global Medical REIT (NYSE:GMRE) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.25). The firm had revenue of $34.24 million during the quarter, compared to analyst estimates of $35.24 million. Global Medical REIT had a net margin of 4.18% and a return on equity of 1.09%. During the same period last year, the business earned $0.23 EPS. On average, research analysts expect that Global Medical REIT Inc. will post 0.85 earnings per share for the current year.

Global Medical REIT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Friday, September 20th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 8.55%. The ex-dividend date of this dividend is Friday, September 20th. Global Medical REIT’s dividend payout ratio is currently 365.22%.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners started coverage on shares of Global Medical REIT in a research note on Thursday, September 19th. They set a “buy” rating and a $12.00 price target for the company.

Global Medical REIT Company 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.