Global Medical REIT Inc (GMRE) Holdings Cut by Teachers Insurance & Annuity Association of America

Teachers Insurance & Annuity Association of America lessened its holdings in Global Medical REIT Inc (NYSE:GMRE) by 24.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,044 shares of the company’s stock after selling 6,869 shares during the period. Teachers Insurance & Annuity Association of America owned about 0.06% of Global Medical REIT worth $206,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in GMRE. Schnieders Capital Management LLC acquired a new position in shares of Global Medical REIT in the fourth quarter worth approximately $116,000. Martingale Asset Management L P bought a new stake in shares of Global Medical REIT during the third quarter valued at approximately $285,000. B. Riley Wealth Management Inc. increased its holdings in shares of Global Medical REIT by 18.2% during the fourth quarter. B. Riley Wealth Management Inc. now owns 31,444 shares of the company’s stock valued at $280,000 after acquiring an additional 4,845 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Global Medical REIT by 1.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 111,188 shares of the company’s stock valued at $988,000 after acquiring an additional 1,181 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Global Medical REIT by 0.9% during the third quarter. BlackRock Inc. now owns 1,020,193 shares of the company’s stock valued at $9,609,000 after acquiring an additional 9,460 shares in the last quarter. Hedge funds and other institutional investors own 35.55% of the company’s stock.

Shares of Global Medical REIT stock opened at $10.70 on Wednesday. Global Medical REIT Inc has a 12-month low of $8.10 and a 12-month high of $11.02. The firm has a market cap of $357.21 million, a P/E ratio of 13.72, a P/E/G ratio of 1.51 and a beta of 0.61. The company has a quick ratio of 0.11, a current ratio of 0.08 and a debt-to-equity ratio of 0.76.

Global Medical REIT (NYSE:GMRE) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.18). Global Medical REIT had a return on equity of 5.52% and a net margin of 21.38%. The company had revenue of $15.20 million for the quarter, compared to the consensus estimate of $15.32 million. On average, equities analysts anticipate that Global Medical REIT Inc will post 0.78 EPS for the current year.

In other Global Medical REIT news, Director Roscoe M. Moore, Jr. sold 5,945 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $9.75, for a total value of $57,963.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 11.70% of the company’s stock.

Several equities research analysts have recently commented on GMRE shares. Zacks Investment Research downgraded Global Medical REIT from a “hold” rating to a “sell” rating in a report on Tuesday, January 15th. Boenning Scattergood restated a “buy” rating on shares of Global Medical REIT in a report on Thursday, March 7th. B. Riley set a $11.00 price objective on Global Medical REIT and gave the company a “buy” rating in a report on Friday, March 8th. Stifel Nicolaus started coverage on Global Medical REIT in a report on Monday, April 15th. They set a “buy” rating and a $11.00 price objective for the company. Finally, TheStreet upgraded Global Medical REIT from a “c+” rating to a “b” rating in a report on Thursday, May 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $10.67.

COPYRIGHT VIOLATION NOTICE: “Global Medical REIT Inc (GMRE) Holdings Cut by Teachers Insurance & Annuity Association of America” was reported by Mayfield Recorder and is owned by of Mayfield Recorder. If you are viewing this story on another publication, it was illegally copied and republished in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://mayfieldrecorder.com/2019/05/15/global-medical-reit-inc-gmre-holdings-cut-by-teachers-insurance-annuity-association-of-america.html.

Global Medical REIT Profile

Global Medical REIT, Inc engages in the acquisition of purpose-built healthcare facilities and leasing of those properties to strong healthcare systems and physician groups. The company was founded on March 18, 2011 and is headquartered in Bethesda, MD.

Recommended Story: Net Income

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

Receive News & Ratings for Global Medical REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Medical REIT and related companies with MarketBeat.com's FREE daily email newsletter.