23,021 Shares in Global Medical REIT Inc. (NYSE:GMRE) Purchased by Proficio Capital Partners LLC

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. grew its stake in shares of Global Medical REIT by 9.9% in the 4th quarter. Victory Capital Management Inc. now owns 151,871 shares of the company’s stock worth $1,172,000 after buying an additional 13,649 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Global Medical REIT by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 877,096 shares of the company’s stock worth $6,771,000 after acquiring an additional 23,993 shares in the last quarter. Aew Capital Management L P purchased a new stake in shares of Global Medical REIT in the fourth quarter worth $230,000. Redmond Asset Management LLC grew its stake in shares of Global Medical REIT by 2.5% in the fourth quarter. Redmond Asset Management LLC now owns 243,447 shares of the company’s stock worth $1,879,000 after acquiring an additional 5,929 shares during the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of Global Medical REIT by 3.2% in the fourth quarter. New York State Common Retirement Fund now owns 94,158 shares of the company’s stock worth $727,000 after acquiring an additional 2,900 shares during the last quarter. Hedge funds and other institutional investors own 57.52% of the company’s stock.

Global Medical REIT Stock Performance

Shares of Global Medical REIT stock opened at $8.69 on Friday. Global Medical REIT Inc. has a 1 year low of $7.33 and a 1 year high of $10.46. The firm’s 50-day moving average is $8.34 and its 200 day moving average is $8.68. The stock has a market cap of $580.77 million, a price-to-earnings ratio of -434.03, a PEG ratio of 1.43 and a beta of 1.26. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.28 and a quick ratio of 0.28.

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

Global Medical REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Friday, March 21st will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, March 21st. This represents a $0.84 annualized dividend and a yield of 9.67%. Global Medical REIT’s dividend payout ratio is 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.