State of Wisconsin Investment Board boosted its stake in Global Medical REIT Inc (NASDAQ:GMRE) by 40.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 350,000 shares of the company’s stock after buying an additional 100,000 shares during the period. State of Wisconsin Investment Board’s holdings in Global Medical REIT were worth $3,416,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Emerald Mutual Fund Advisers Trust boosted its stake in shares of Global Medical REIT by 3.0% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 394,420 shares of the company’s stock valued at $3,850,000 after buying an additional 11,310 shares during the last quarter. Emerald Advisers Inc. PA acquired a new stake in shares of Global Medical REIT during the second quarter valued at approximately $3,709,000. Manning & Napier Advisors LLC boosted its stake in shares of Global Medical REIT by 77.4% in the third quarter. Manning & Napier Advisors LLC now owns 354,890 shares of the company’s stock valued at $3,462,000 after buying an additional 154,890 shares during the last quarter. Columbia Partners L L C Investment Management acquired a new stake in shares of Global Medical REIT during the second quarter valued at approximately $2,905,000. Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of Global Medical REIT by 42.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 285,000 shares of the company’s stock valued at $2,782,000 after buying an additional 85,000 shares during the last quarter.

Institutional Ownership by Quarter for Global Medical REIT (NASDAQ:GMRE)

Global Medical REIT Inc (NASDAQ:GMRE) traded down 0.27% during mid-day trading on Wednesday, hitting $7.31. 261,652 shares of the company were exchanged. The company’s 50-day moving average is $8.47 and its 200 day moving average is $9.75. Global Medical REIT Inc has a 12-month low of $6.73 and a 12-month high of $11.38.

Global Medical REIT (NASDAQ:GMRE) last issued its quarterly earnings results on Thursday, November 10th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $2 million for the quarter, compared to the consensus estimate of $2.40 million. On average, analysts anticipate that Global Medical REIT Inc will post ($0.54) EPS for the current year.

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GMRE has been the subject of several recent research reports. Compass Point cut shares of Global Medical REIT from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 20th. Zacks Investment Research cut shares of Global Medical REIT from a “hold” rating to a “sell” rating in a research report on Monday. Wunderlich cut shares of Global Medical REIT from a “buy” rating to a “hold” rating in a research report on Thursday, November 10th. Finally, DA Davidson set a $12.00 price objective on shares of Global Medical REIT and gave the company a “buy” rating in a research report on Thursday, November 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $11.65.

About Global Medical REIT

Global Medical REIT Inc focuses on operating as a real estate investment trust. The Company is engaged primarily in the acquisition and leasing of licensed purpose-built healthcare facilities in certain markets with various clinical operators. The Company seeks to invest in these purpose-built, specialized facilities, such as surgery centers, specialty hospitals and outpatient treatment centers.

5 Day Chart for NASDAQ:GMRE

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