AJOVista LLC Invests $54,000 in Global Medical REIT Inc. (NYSE:GMRE)

AJOVista LLC acquired a new stake in Global Medical REIT Inc. (NYSE:GMRE) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,850 shares of the company’s stock, valued at approximately $54,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. New York Life Investment Management LLC acquired a new position in Global Medical REIT during the fourth quarter valued at approximately $115,000. Versor Investments LP bought a new stake in Global Medical REIT during the third quarter worth $93,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Global Medical REIT by 19.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,110 shares of the company’s stock valued at $146,000 after acquiring an additional 2,114 shares during the last quarter. Commonwealth Equity Services LLC grew its position 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 valued at $195,000 after acquiring an additional 2,260 shares during the period. Finally, International Assets Investment Management LLC bought a new position in shares of Global Medical REIT in the 4th quarter valued at about $258,000. Institutional investors and hedge funds own 57.52% of the company’s stock.

Analyst Upgrades and Downgrades

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

Global Medical REIT Price Performance

Global Medical REIT stock opened at $8.48 on Monday. The company has a market capitalization of $556.03 million, a price-to-earnings ratio of 36.52 and a beta of 1.13. The stock’s 50 day moving average is $8.56 and its 200-day 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 Inc. has a 12 month low of $7.98 and a 12 month high of $11.59.

Global Medical REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Friday, March 22nd were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 9.91%. The ex-dividend date of this dividend was Thursday, March 21st. Global Medical REIT’s dividend payout ratio is 365.22%.

Global Medical REIT 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.