Global Medical REIT Inc. (NYSE:GMRE) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. grew its position in shares of Global Medical REIT Inc. (NYSE:GMRE) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 455,661 shares of the company’s stock after purchasing an additional 13,989 shares during the period. D.A. Davidson & CO. owned approximately 0.68% of Global Medical REIT worth $3,518,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its stake in shares of Global Medical REIT by 228.9% in the third quarter. Franklin Resources Inc. now owns 114,988 shares of the company’s stock valued at $1,073,000 after acquiring an additional 80,030 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Global Medical REIT by 158.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 120,614 shares of the company’s stock valued at $1,195,000 after acquiring an additional 73,965 shares in the last quarter. Barclays PLC raised its stake in shares of Global Medical REIT by 87.1% in the third quarter. Barclays PLC now owns 154,051 shares of the company’s stock valued at $1,527,000 after acquiring an additional 71,704 shares in the last quarter. State Street Corp raised its stake in shares of Global Medical REIT by 1.5% in the third quarter. State Street Corp now owns 1,924,433 shares of the company’s stock valued at $19,468,000 after acquiring an additional 28,444 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Global Medical REIT by 900.1% in 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 in the last quarter. 57.52% of the stock is currently owned by institutional investors and hedge funds.

Global Medical REIT Stock Up 0.2 %

Shares of NYSE GMRE opened at $8.41 on Friday. The stock has a market cap of $561.52 million, a P/E ratio of -420.09, a PEG ratio of 1.42 and a beta of 1.24. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 1.26. Global Medical REIT Inc. has a 12-month low of $7.33 and a 12-month high of $10.46. The business’s fifty day simple moving average is $7.93 and its 200-day simple moving average is $8.77.

Global Medical REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 9.99%. The ex-dividend date was Friday, December 20th. Global Medical REIT’s payout ratio is currently -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.