Global Medical REIT Inc. (NYSE:GMRE) Stock Position Raised by SG Americas Securities LLC

SG Americas Securities LLC raised its position in shares of Global Medical REIT Inc. (NYSE:GMRE) by 90.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,700 shares of the company’s stock after purchasing an additional 10,759 shares during the period. SG Americas Securities LLC’s holdings in Global Medical REIT were worth $225,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GMRE. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Global Medical REIT during the 2nd quarter valued at about $100,000. M&G Plc acquired a new position in shares of Global Medical REIT during the 1st quarter valued at about $141,000. Oppenheimer & Co. Inc. increased its holdings in shares of Global Medical REIT by 8.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 26,988 shares of the company’s stock valued at $236,000 after acquiring an additional 2,146 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of Global Medical REIT by 5.8% during the 1st quarter. Tidal Investments LLC now owns 27,499 shares of the company’s stock valued at $241,000 after acquiring an additional 1,504 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new position in shares of Global Medical REIT during the 1st quarter valued at about $246,000. 57.52% of the stock is owned by hedge funds and other institutional investors.

Global Medical REIT Price Performance

Shares of GMRE stock opened at $9.39 on Wednesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $615.54 million, a P/E ratio of 40.80, a P/E/G ratio of 1.37 and a beta of 1.25. Global Medical REIT Inc. has a 12 month low of $7.98 and a 12 month high of $11.59. The stock has a 50 day moving average of $9.49 and a two-hundred day moving average of $9.13.

Global Medical REIT (NYSE:GMRE) last posted its earnings results on Tuesday, August 6th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.25). The company had revenue of $34.24 million for the quarter, compared to the consensus estimate 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 last year, the business earned $0.23 EPS. As a group, equities analysts expect that Global Medical REIT Inc. will post 0.85 EPS for the current year.

Global Medical REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.84 annualized dividend and a yield of 8.95%. Global Medical REIT’s payout ratio is 365.22%.

Wall Street Analyst Weigh In

GMRE has been the topic of a number of analyst reports. Alliance Global Partners started coverage on Global Medical REIT in a report on Thursday, September 19th. They set a “buy” rating and a $12.00 price objective on the stock. Berenberg Bank started coverage on Global Medical REIT in a report on Friday, October 18th. They issued a “buy” rating and a $11.75 target price on the stock.

About Global Medical REIT

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.