Proficio Capital Partners LLC Takes Position in Global Medical REIT Inc. (NYSE:GMRE)

Proficio Capital Partners LLC acquired a new stake in shares of Global Medical REIT Inc. (NYSE:GMRE) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 23,021 shares of the company’s stock, valued at approximately $178,000.

Several other institutional investors have also bought and sold shares of GMRE. Versor Investments LP bought a new stake in shares of Global Medical REIT during the 3rd quarter worth about $189,000. Victory Capital Management Inc. increased its stake in shares of Global Medical REIT by 5.1% during the third quarter. Victory Capital Management Inc. now owns 138,222 shares of the company’s stock valued at $1,370,000 after acquiring an additional 6,689 shares during the period. Intech Investment Management LLC bought a new stake in Global Medical REIT during the third quarter worth approximately $150,000. Charles Schwab Investment Management Inc. lifted its position in Global Medical REIT by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 853,103 shares of the company’s stock worth $8,454,000 after purchasing an additional 41,172 shares during the period. Finally, Penserra Capital Management LLC boosted its stake in Global Medical REIT by 22.9% during the 3rd quarter. Penserra Capital Management LLC now owns 109,844 shares of the company’s stock valued at $1,088,000 after purchasing an additional 20,460 shares in the last quarter. Institutional investors and hedge funds own 57.52% of the company’s stock.

Global Medical REIT Stock Down 0.5 %

GMRE opened at $8.67 on Thursday. The stock’s fifty day moving average is $8.15 and its 200-day moving average is $8.73. Global Medical REIT Inc. has a one year low of $7.33 and a one year high of $10.46. The company has a market capitalization of $579.44 million, a PE ratio of -433.03, a P/E/G ratio of 1.43 and a beta of 1.26. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.28 and a current ratio of 0.28.

Global Medical REIT (NYSE:GMRE) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.21. The company had revenue of $35.16 million during the quarter, compared to the consensus estimate of $34.87 million. Global Medical REIT had a net margin of 3.23% and a return on equity of 0.86%. On average, equities analysts predict that Global Medical REIT Inc. will post 0.81 EPS for the current fiscal year.

Global Medical REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Friday, March 21st will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 9.69%. The ex-dividend date of this dividend is Friday, March 21st. Global Medical REIT’s dividend payout ratio is presently 8,400.00%.

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.