Global Medical REIT Inc. (NYSE:GMRE) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in Global Medical REIT Inc. (NYSE:GMRE) by 2.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 877,096 shares of the company’s stock after acquiring an additional 23,993 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.31% of Global Medical REIT worth $6,771,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Quantinno Capital Management LP acquired a new stake in shares of Global Medical REIT during the third quarter valued at approximately $138,000. Zacks Investment Management grew its position in Global Medical REIT by 12.9% during the 3rd quarter. Zacks Investment Management now owns 14,803 shares of the company’s stock worth $147,000 after purchasing an additional 1,696 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Global Medical REIT during the 3rd quarter valued at $150,000. Proficio Capital Partners LLC purchased a new stake in shares of Global Medical REIT in the fourth quarter valued at $178,000. Finally, Entropy Technologies LP purchased a new stake in shares of Global Medical REIT in the fourth quarter valued at $179,000. 57.52% of the stock is currently owned by institutional investors and hedge funds.

Global Medical REIT Stock Performance

Shares of GMRE stock opened at $8.44 on Tuesday. The company has a market capitalization of $564.06 million, a price-to-earnings ratio of -421.54, a P/E/G ratio of 1.43 and a beta of 1.26. Global Medical REIT Inc. has a 1-year low of $7.33 and a 1-year high of $10.46. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 1.26. The stock’s fifty day simple moving average is $8.31 and its 200-day simple moving average is $8.69.

Global Medical REIT (NYSE:GMRE) last released its earnings results on Thursday, February 27th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.21. The company had revenue of $35.16 million for the quarter, compared to analysts’ expectations of $34.87 million. Global Medical REIT had a return on equity of 0.86% and a net margin of 3.23%. On average, sell-side analysts predict that Global Medical REIT Inc. will post 0.81 earnings per share 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. Shareholders of record on Friday, March 21st will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.84 annualized dividend and a yield of 9.96%. Global Medical REIT’s dividend payout ratio is presently 8,400.00%.

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.