D.A. Davidson & CO. Boosts Stock Position in Global Medical REIT Inc. (NYSE:GMRE)

D.A. Davidson & CO. boosted its holdings in Global Medical REIT Inc. (NYSE:GMRE) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 455,661 shares of the company’s stock after buying an additional 13,989 shares during the quarter. D.A. Davidson & CO.’s holdings in Global Medical REIT were worth $3,518,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Quantinno Capital Management LP acquired a new stake in Global Medical REIT in the third quarter valued at about $138,000. Zacks Investment Management lifted its position in shares of Global Medical REIT by 12.9% during the 3rd quarter. Zacks Investment Management now owns 14,803 shares of the company’s stock valued at $147,000 after acquiring an additional 1,696 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Global Medical REIT during the 3rd quarter valued at approximately $150,000. Entropy Technologies LP acquired a new stake in shares of Global Medical REIT during the 4th quarter valued at approximately $179,000. Finally, Versor Investments LP acquired a new stake in shares of Global Medical REIT during the 3rd quarter valued at approximately $189,000. Hedge funds and other institutional investors own 57.52% of the company’s stock.

Global Medical REIT Price Performance

GMRE stock opened at $8.41 on Friday. The firm has a 50 day moving average of $7.93 and a 200-day moving average of $8.77. Global Medical REIT Inc. has a 12-month low of $7.33 and a 12-month high of $10.46. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 1.26. The company has a market cap of $561.52 million, a price-to-earnings ratio of -420.09, a PEG ratio of 1.42 and a beta of 1.24.

Global Medical REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were given a dividend of $0.21 per share. The ex-dividend date was Friday, December 20th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.99%. Global Medical REIT’s payout ratio is -4,197.90%.

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.