Global Medical REIT Inc. (NYSE:GMRE) Short Interest Update

Global Medical REIT Inc. (NYSE:GMRE) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 1,140,000 shares, a growth of 8.6% from the December 31st total of 1,050,000 shares. Based on an average daily volume of 444,500 shares, the short-interest ratio is currently 2.6 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GMRE. Quantinno Capital Management LP purchased a new position in shares of Global Medical REIT during the 3rd quarter valued at $138,000. Zacks Investment Management increased its holdings in shares of Global Medical REIT by 12.9% during the third 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 in the last quarter. Intech Investment Management LLC bought a new position in Global Medical REIT during the third quarter valued at approximately $150,000. Entropy Technologies LP purchased a new position in Global Medical REIT during the fourth quarter valued at $179,000. Finally, Versor Investments LP purchased a new stake in Global Medical REIT during the 3rd quarter valued at approximately $189,000. Institutional investors own 57.52% of the company’s stock.

Analyst Ratings Changes

Separately, Berenberg Bank assumed coverage on Global Medical REIT in a research note on Friday, October 18th. They issued a “buy” rating and a $11.75 price objective on the stock.

Global Medical REIT Stock Performance

Shares of NYSE GMRE opened at $7.88 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a 50 day moving average price of $8.11 and a 200 day moving average price of $8.91. Global Medical REIT has a 52-week low of $7.33 and a 52-week high of $10.46.

Global Medical REIT (NYSE:GMRE) last issued its earnings results on Wednesday, November 6th. The company reported $0.03 EPS 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 the consensus estimate of $34.88 million. During the same quarter in the prior year, the firm posted $0.23 earnings per share. On average, sell-side analysts forecast that Global Medical REIT will post 0.81 EPS for the current year.

Global Medical REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 10.67%. The ex-dividend date was Friday, December 20th. Global Medical REIT’s payout ratio is presently -4,197.90%.

Global Medical REIT Company 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.