Intrust Bank NA Has $145,000 Position in Global Medical REIT Inc. (NYSE:GMRE)

Intrust Bank NA cut its holdings in Global Medical REIT Inc. (NYSE:GMRE) by 17.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,049 shares of the company’s stock after selling 2,740 shares during the quarter. Intrust Bank NA’s holdings in Global Medical REIT were worth $145,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in shares of Global Medical REIT during the third quarter worth $241,000. Commonwealth Equity Services LLC boosted its position in shares of Global Medical REIT by 11.6% during the third quarter. Commonwealth Equity Services LLC now owns 21,684 shares of the company’s stock worth $195,000 after purchasing an additional 2,260 shares in the last quarter. Brown Advisory Inc. boosted its position in shares of Global Medical REIT by 27.0% during the third quarter. Brown Advisory Inc. now owns 1,423,088 shares of the company’s stock worth $12,765,000 after purchasing an additional 302,326 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Global Medical REIT by 4.8% during the third quarter. Victory Capital Management Inc. now owns 127,000 shares of the company’s stock worth $1,139,000 after purchasing an additional 5,800 shares in the last quarter. Finally, Versor Investments LP bought a new position in shares of Global Medical REIT during the third quarter worth $93,000. 57.52% of the stock is owned by institutional investors.

Global Medical REIT Trading Up 2.6 %

GMRE opened at $8.33 on Friday. The stock has a market capitalization of $546.20 million, a P/E ratio of 36.22 and a beta of 1.13. Global Medical REIT Inc. has a 12 month low of $7.98 and a 12 month high of $11.59. The firm’s fifty day simple moving average is $8.58 and its 200 day simple moving average is $9.50. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.11.

Global Medical REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Friday, March 22nd were given a $0.21 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.84 annualized dividend and a yield of 10.08%. Global Medical REIT’s dividend payout ratio is currently 365.22%.

Analyst Upgrades and Downgrades

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

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.