D.A. Davidson & CO. Purchases 22,719 Shares of Global Medical REIT Inc. (NYSE:GMRE)

D.A. Davidson & CO. grew its position in Global Medical REIT Inc. (NYSE:GMRE) by 7.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 346,584 shares of the company’s stock after acquiring an additional 22,719 shares during the quarter. D.A. Davidson & CO.’s holdings in Global Medical REIT were worth $3,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in GMRE. AJOVista LLC bought a new position in shares of Global Medical REIT during the 4th quarter valued at approximately $54,000. Quadrant Capital Group LLC increased its position in shares of Global Medical REIT by 41.5% during the 4th quarter. Quadrant Capital Group LLC now owns 5,679 shares of the company’s stock valued at $63,000 after purchasing an additional 1,666 shares during the last quarter. Versor Investments LP bought a new position in shares of Global Medical REIT during the 3rd quarter valued at approximately $93,000. New York Life Investment Management LLC bought a new position in shares of Global Medical REIT during the 4th quarter valued at approximately $115,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Global Medical REIT by 19.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,110 shares of the company’s stock valued at $146,000 after purchasing an additional 2,114 shares during the last quarter. Institutional investors own 57.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. StockNews.com cut Global Medical REIT from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. B. Riley dropped their price objective on Global Medical REIT from $11.00 to $10.00 and set a “buy” rating for the company in a report on Monday, May 13th.

Global Medical REIT Price Performance

GMRE opened at $8.66 on Friday. The business has a fifty day moving average of $8.50 and a 200 day moving average of $9.50. Global Medical REIT Inc. has a 52-week low of $7.98 and a 52-week high of $11.59. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 1.14. The stock has a market cap of $568.01 million, a P/E ratio of 37.65, a PEG ratio of 1.22 and a beta of 1.13.

Global Medical REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Friday, March 22nd were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 9.70%. The ex-dividend date was Thursday, March 21st. Global Medical REIT’s dividend payout ratio is 365.22%.

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.