485,242 Shares in Global Medical REIT Inc. (NYSE:GMRE) Acquired by LSV Asset Management

LSV Asset Management bought a new stake in shares of Global Medical REIT Inc. (NYSE:GMRE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 485,242 shares of the company’s stock, valued at approximately $5,386,000. LSV Asset Management owned 0.74% of Global Medical REIT as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. New York Life Investment Management LLC purchased a new position in Global Medical REIT during the fourth quarter valued at approximately $115,000. Kestra Private Wealth Services LLC purchased a new stake in shares of Global Medical REIT during the fourth quarter worth $302,000. abrdn plc acquired a new stake in Global Medical REIT during the fourth quarter valued at $1,941,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Global Medical REIT by 19.2% in the fourth 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 in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in Global Medical REIT by 18.0% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 74,445 shares of the company’s stock worth $826,000 after purchasing an additional 11,360 shares during the last quarter. Hedge funds and other institutional investors own 57.52% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Global Medical REIT from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th.

Global Medical REIT Stock Up 3.7 %

GMRE opened at $8.78 on Thursday. The firm has a market cap of $575.75 million, a P/E ratio of 38.17 and a beta of 1.13. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.17 and a current ratio of 0.17. The business has a 50 day moving average price of $8.52 and a 200 day moving average price of $9.50. Global Medical REIT Inc. has a twelve month low of $7.98 and a twelve month high of $11.59.

Global Medical REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Friday, March 22nd were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 9.57%. The ex-dividend date of this dividend was Thursday, March 21st. Global Medical REIT’s dividend payout ratio is currently 365.22%.

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.