Jane Street Group LLC Decreases Holdings in Global Medical REIT Inc. (NYSE:GMRE)

Jane Street Group LLC decreased its position in shares of Global Medical REIT Inc. (NYSE:GMRE) by 62.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,281 shares of the company’s stock after selling 75,791 shares during the period. Jane Street Group LLC owned 0.07% of Global Medical REIT worth $459,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GMRE. Principal Financial Group Inc. increased its stake in Global Medical REIT by 7.2% during the 2nd quarter. Principal Financial Group Inc. now owns 30,107 shares of the company’s stock valued at $273,000 after purchasing an additional 2,033 shares in the last quarter. Creative Planning increased its stake in shares of Global Medical REIT by 13.3% in the third quarter. Creative Planning now owns 22,980 shares of the company’s stock worth $228,000 after acquiring an additional 2,702 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Global Medical REIT by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 48,186 shares of the company’s stock worth $438,000 after acquiring an additional 3,471 shares during the period. First Trust Direct Indexing L.P. boosted its holdings in Global Medical REIT by 25.6% during the third quarter. First Trust Direct Indexing L.P. now owns 20,432 shares of the company’s stock worth $202,000 after buying an additional 4,164 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in Global Medical REIT by 1.0% during the third quarter. D.A. Davidson & CO. now owns 441,672 shares of the company’s stock worth $4,377,000 after buying an additional 4,202 shares in the last quarter. Hedge funds and other institutional investors own 57.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Alliance Global Partners assumed coverage on shares of 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 began coverage on shares of Global Medical REIT in a research note on Friday, October 18th. They issued a “buy” rating and a $11.75 price target on the stock.

Global Medical REIT Trading Down 0.7 %

Shares of GMRE stock opened at $7.61 on Tuesday. Global Medical REIT Inc. has a fifty-two week low of $7.43 and a fifty-two week high of $10.90. The company has a 50 day moving average price of $8.54 and a 200 day moving average price of $9.09. The stock has a market capitalization of $508.37 million, a P/E ratio of -380.31, a price-to-earnings-growth ratio of 1.46 and a beta of 1.23. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.28 and a current ratio of 0.28.

Global Medical REIT (NYSE:GMRE) last announced its earnings results on Wednesday, November 6th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.18). Global Medical REIT had a return on equity of 0.86% and a net margin of 3.23%. The business had revenue of $34.26 million for the quarter, compared to analysts’ expectations of $34.88 million. During the same period in the previous year, the company earned $0.23 earnings per share. Equities research analysts predict that Global Medical REIT Inc. will post 0.83 EPS for the current fiscal year.

Global Medical REIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 11.04%. The ex-dividend date is Friday, December 20th. Global Medical REIT’s payout ratio is -4,200.00%.

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.