Redmond Asset Management LLC Buys 5,929 Shares of Global Medical REIT Inc. (NYSE:GMRE)

Redmond Asset Management LLC increased its stake in Global Medical REIT Inc. (NYSE:GMRE) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 243,447 shares of the company’s stock after purchasing an additional 5,929 shares during the quarter. Redmond Asset Management LLC’s holdings in Global Medical REIT were worth $1,879,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GMRE. Creative Planning raised its holdings in Global Medical REIT by 13.3% during the third quarter. Creative Planning now owns 22,980 shares of the company’s stock valued at $228,000 after acquiring an additional 2,702 shares during the period. International Assets Investment Management LLC raised its holdings in Global Medical REIT by 900.1% during the third quarter. International Assets Investment Management LLC now owns 21,313 shares of the company’s stock valued at $2,151,000 after acquiring an additional 19,182 shares during the period. First Trust Direct Indexing L.P. raised its holdings in Global Medical REIT by 25.6% during the third quarter. First Trust Direct Indexing L.P. now owns 20,432 shares of the company’s stock valued at $202,000 after acquiring an additional 4,164 shares during the period. M&G PLC bought a new stake in Global Medical REIT during the third quarter valued at about $193,000. Finally, State of New Jersey Common Pension Fund D raised its holdings in Global Medical REIT by 8.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 637,751 shares of the company’s stock valued at $6,320,000 after acquiring an additional 47,500 shares during the period. 57.52% of the stock is owned by institutional investors.

Global Medical REIT Price Performance

NYSE:GMRE opened at $8.39 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 1.26. The business’s 50-day simple moving average is $7.93 and its two-hundred day simple moving average is $8.77. The stock has a market cap of $560.12 million, a PE ratio of -419.04, a P/E/G ratio of 1.43 and a beta of 1.24. Global Medical REIT Inc. has a 52 week low of $7.33 and a 52 week high of $10.46.

Global Medical REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were issued 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 yield of 10.02%. Global Medical REIT’s dividend payout ratio is presently -4,197.90%.

About Global Medical REIT

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.