Global Medical REIT Inc. (NYSE:GMRE) Shares Acquired by Royal Fund Management LLC

Royal Fund Management LLC increased its stake in shares of Global Medical REIT Inc. (NYSE:GMRE) by 89.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 148,164 shares of the company’s stock after purchasing an additional 70,066 shares during the period. Royal Fund Management LLC owned 0.23% of Global Medical REIT worth $1,469,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GMRE. Creekmur Asset Management LLC purchased a new stake in Global Medical REIT during the 4th quarter worth approximately $92,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Global Medical REIT in the second quarter worth approximately $100,000. M&G Plc purchased a new stake in shares of Global Medical REIT during the first quarter worth approximately $141,000. BTC Capital Management Inc. acquired a new position in Global Medical REIT in the 1st quarter valued at $143,000. Finally, SG Americas Securities LLC lifted its holdings in Global Medical REIT by 90.1% in the 3rd quarter. SG Americas Securities LLC now owns 22,700 shares of the company’s stock valued at $225,000 after purchasing an additional 10,759 shares in the last quarter. 57.52% of the stock is owned by hedge funds and other institutional investors.

Global Medical REIT Price Performance

GMRE remained flat at $9.31 during trading on Wednesday. 13,925 shares of the company’s stock were exchanged, compared to its average volume of 389,725. The company has a market capitalization of $610.62 million, a P/E ratio of 40.50, a price-to-earnings-growth ratio of 1.45 and a beta of 1.25. The stock has a 50-day simple moving average of $9.45 and a two-hundred day simple moving average of $9.07. Global Medical REIT Inc. has a twelve month low of $7.98 and a twelve month high of $11.59. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.20.

Global Medical REIT (NYSE:GMRE) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.25). The company had revenue of $34.24 million for the quarter, compared to analysts’ expectations of $35.24 million. Global Medical REIT had a return on equity of 1.09% and a net margin of 4.18%. During the same quarter in the previous year, the business posted $0.23 EPS. As a group, equities analysts forecast that Global Medical REIT Inc. will post 0.85 EPS for the current fiscal year.

Global Medical REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Friday, September 20th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.02%. The ex-dividend date was Friday, September 20th. Global Medical REIT’s dividend payout ratio is currently 365.22%.

Analyst Ratings Changes

Separately, Alliance Global Partners started coverage on shares of Global Medical REIT in a report on Thursday, September 19th. They set a “buy” rating and a $12.00 target price for the company.

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.