185,224 Shares in Global Medical REIT Inc. (NYSE:GMRE) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of Global Medical REIT Inc. (NYSE:GMRE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 185,224 shares of the company’s stock, valued at approximately $1,430,000. Raymond James Financial Inc. owned about 0.28% of Global Medical REIT as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of GMRE. State Street Corp raised its stake in shares of Global Medical REIT by 1.5% during the third quarter. State Street Corp now owns 1,924,433 shares of the company’s stock worth $19,468,000 after purchasing an additional 28,444 shares during the last quarter. Geode Capital Management LLC increased its stake in Global Medical REIT by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,622,159 shares of the company’s stock valued at $16,078,000 after buying an additional 18,209 shares during the period. Charles Schwab Investment Management Inc. raised its position in Global Medical REIT by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 877,096 shares of the company’s stock worth $6,771,000 after buying an additional 23,993 shares during the last quarter. D.A. Davidson & CO. lifted its stake in shares of Global Medical REIT by 3.2% in the 4th quarter. D.A. Davidson & CO. now owns 455,661 shares of the company’s stock worth $3,518,000 after acquiring an additional 13,989 shares during the period. Finally, Redmond Asset Management LLC boosted its holdings 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 valued at $1,879,000 after acquiring an additional 5,929 shares in the last quarter. 57.52% of the stock is currently owned by institutional investors and hedge funds.

Global Medical REIT Trading Down 0.2 %

Shares of Global Medical REIT stock opened at $8.73 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 1.26. The firm has a market cap of $583.85 million, a price-to-earnings ratio of -436.33, a price-to-earnings-growth ratio of 1.43 and a beta of 1.26. Global Medical REIT Inc. has a 52-week low of $7.33 and a 52-week high of $10.46. The company’s 50-day simple moving average is $8.39 and its 200-day simple moving average is $8.65.

Global Medical REIT (NYSE:GMRE) last released 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. 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%. As a group, equities research analysts anticipate that Global Medical REIT Inc. will post 0.81 earnings per share for the current year.

Global Medical REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Friday, March 21st will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 9.62%. The ex-dividend date of this dividend is Friday, March 21st. Global Medical REIT’s payout ratio is 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.