Shares of Global Medical REIT Inc. (NYSE:GMRE – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $10.15, but opened at $10.36. Global Medical REIT shares last traded at $10.19, with a volume of 20,854 shares trading hands.
Global Medical REIT Stock Up 0.9 %
The firm’s 50-day simple moving average is $9.39 and its 200 day simple moving average is $8.97. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market capitalization of $671.62 million, a P/E ratio of 44.13, a PEG ratio of 1.39 and a beta of 1.24.
Global Medical REIT (NYSE:GMRE – Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported ($0.05) earnings per share (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 in the previous year, the company posted $0.23 EPS. As a group, research analysts expect that Global Medical REIT Inc. will post 0.85 EPS for the current year.
Global Medical REIT Announces Dividend
Hedge Funds Weigh In On Global Medical REIT
A number of institutional investors have recently added to or reduced their stakes in GMRE. Quadrant Capital Group LLC grew its position in shares of Global Medical REIT by 41.5% in the 4th quarter. Quadrant Capital Group LLC now owns 5,679 shares of the company’s stock valued at $63,000 after acquiring an additional 1,666 shares during the period. Creekmur Asset Management LLC acquired a new position in Global Medical REIT during the fourth quarter worth approximately $92,000. Gordian Capital Singapore Pte Ltd acquired a new position in Global Medical REIT during the second quarter worth approximately $100,000. M&G Plc bought a new stake in Global Medical REIT in the first quarter valued at approximately $141,000. Finally, BTC Capital Management Inc. acquired a new stake in shares of Global Medical REIT in the first quarter valued at approximately $143,000. 57.52% of the stock is currently owned by institutional investors and hedge funds.
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.
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