Global Medical REIT Inc. (NYSE:GMRE – Get Free Report) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 1,320,000 shares, an increase of 7.3% from the March 31st total of 1,230,000 shares. Based on an average daily volume of 399,800 shares, the days-to-cover ratio is presently 3.3 days.
Global Medical REIT Trading Up 0.1 %
Shares of NYSE:GMRE opened at $8.12 on Thursday. The company has a 50 day moving average of $8.60 and a 200-day moving average of $9.51. The firm has a market cap of $532.43 million, a P/E ratio of 35.30 and a beta of 1.13. Global Medical REIT has a twelve month low of $7.98 and a twelve month high of $11.59. 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 declared a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Friday, March 22nd were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 10.34%. The ex-dividend date was Thursday, March 21st. Global Medical REIT’s dividend payout ratio is currently 365.22%.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on GMRE
Institutional Trading of Global Medical REIT
Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in shares of Global Medical REIT in the 3rd quarter worth approximately $241,000. Commonwealth Equity Services LLC raised its holdings in shares of Global Medical REIT by 11.6% in the 3rd 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. Redmond Asset Management LLC raised its holdings in shares of Global Medical REIT by 13.4% in the 3rd quarter. Redmond Asset Management LLC now owns 180,139 shares of the company’s stock worth $1,616,000 after purchasing an additional 21,306 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of Global Medical REIT by 27.0% in the 3rd 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. Finally, Victory Capital Management Inc. raised its holdings in shares of Global Medical REIT by 4.8% in the 3rd 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. 57.52% of the stock is owned by institutional investors and hedge funds.
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.
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