34,011 Shares in Global Medical REIT Inc. (NYSE:GMRE) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new position in Global Medical REIT Inc. (NYSE:GMRE) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 34,011 shares of the company’s stock, valued at approximately $263,000. New Age Alpha Advisors LLC owned approximately 0.05% of Global Medical REIT at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Franklin Resources Inc. raised its holdings in shares of Global Medical REIT by 228.9% in the 3rd quarter. Franklin Resources Inc. now owns 114,988 shares of the company’s stock worth $1,073,000 after purchasing an additional 80,030 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Global Medical REIT by 158.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 120,614 shares of the company’s stock worth $1,195,000 after acquiring an additional 73,965 shares in the last quarter. Barclays PLC grew its holdings in shares of Global Medical REIT by 87.1% in the 3rd quarter. Barclays PLC now owns 154,051 shares of the company’s stock worth $1,527,000 after acquiring an additional 71,704 shares during the last quarter. Aew Capital Management L P acquired a new stake in shares of Global Medical REIT during the fourth quarter worth $230,000. Finally, State Street Corp lifted its holdings 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 valued at $19,468,000 after purchasing an additional 28,444 shares during the last quarter. 57.52% of the stock is owned by institutional investors and hedge funds.

Global Medical REIT Trading Down 0.2 %

NYSE:GMRE opened at $8.73 on Wednesday. The stock has a fifty day simple moving average of $8.39 and a 200 day simple moving average of $8.65. The firm has a market capitalization 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 1-year low of $7.33 and a 1-year high of $10.46. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 1.26.

Global Medical REIT (NYSE:GMRE) last released its earnings results on Thursday, February 27th. The company reported $0.22 earnings per share 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 business had revenue of $35.16 million for the quarter, compared to the consensus estimate of $34.87 million. Sell-side analysts forecast that Global Medical REIT Inc. will post 0.81 earnings per share for the current year.

Global Medical REIT Dividend Announcement

The company 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. This represents a $0.84 annualized dividend and a yield of 9.62%. The ex-dividend date is Friday, March 21st. Global Medical REIT’s dividend payout ratio (DPR) is currently 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.