Barclays PLC Has $1.53 Million Stake in Global Medical REIT Inc. (NYSE:GMRE)

Barclays PLC boosted its holdings in Global Medical REIT Inc. (NYSE:GMRE) by 87.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 154,051 shares of the company’s stock after buying an additional 71,704 shares during the period. Barclays PLC owned approximately 0.23% of Global Medical REIT worth $1,527,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GMRE. State Street Corp increased its stake in shares of Global Medical REIT by 1.5% in the 3rd quarter. State Street Corp now owns 1,924,433 shares of the company’s stock valued at $19,468,000 after acquiring an additional 28,444 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Global Medical REIT by 78.5% in the second quarter. Bank of New York Mellon Corp now owns 1,183,477 shares of the company’s stock valued at $10,746,000 after purchasing an additional 520,583 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Global Medical REIT by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 872,996 shares of the company’s stock worth $7,927,000 after purchasing an additional 6,676 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Global Medical REIT by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 853,103 shares of the company’s stock valued at $8,454,000 after buying an additional 41,172 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its position in shares of Global Medical REIT by 8.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 637,751 shares of the company’s stock valued at $6,320,000 after buying an additional 47,500 shares in the last quarter. 57.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GMRE. Alliance Global Partners started coverage on Global Medical REIT in a report on Thursday, September 19th. They set a “buy” rating and a $12.00 target price on the stock. Berenberg Bank began coverage on Global Medical REIT in a report on Friday, October 18th. They set a “buy” rating and a $11.75 price objective on the stock.

Global Medical REIT Trading Down 2.7 %

Shares of NYSE:GMRE opened at $7.61 on Friday. The firm has a market cap of $508.37 million, a price-to-earnings ratio of -380.31, a PEG ratio of 1.47 and a beta of 1.21. Global Medical REIT Inc. has a 12 month low of $7.53 and a 12 month high of $11.40. The company’s fifty day simple moving average is $8.71 and its 200 day simple moving average is $9.14. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 1.26.

Global Medical REIT (NYSE:GMRE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.18). The firm had revenue of $34.26 million during the quarter, compared to analyst estimates of $34.88 million. Global Medical REIT had a net margin of 3.23% and a return on equity of 0.86%. During the same period in the prior year, the business earned $0.23 EPS. As a group, research analysts forecast that Global Medical REIT Inc. will post 0.83 EPS for the current fiscal year.

Global Medical REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 11.04%. The ex-dividend date of this dividend is Friday, December 20th. Global Medical REIT’s payout ratio is -4,200.00%.

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.