M&G Plc Purchases New Shares in Global Medical REIT Inc. (NYSE:GMRE)

M&G Plc purchased a new stake in shares of Global Medical REIT Inc. (NYSE:GMRE) in the first quarter, Holdings Channel.com reports. The fund purchased 15,695 shares of the company’s stock, valued at approximately $141,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AJOVista LLC acquired a new stake in Global Medical REIT during the 4th quarter valued at $54,000. Quadrant Capital Group LLC increased its stake in shares of Global Medical REIT by 41.5% in the 4th quarter. Quadrant Capital Group LLC now owns 5,679 shares of the company’s stock valued at $63,000 after buying an additional 1,666 shares during the period. Creekmur Asset Management LLC acquired a new stake in shares of Global Medical REIT during the fourth quarter worth $92,000. New York Life Investment Management LLC acquired a new stake in shares of Global Medical REIT during the fourth quarter worth $115,000. Finally, BTC Capital Management Inc. acquired a new stake in shares of Global Medical REIT during the first quarter worth $143,000. 57.52% of the stock is owned by institutional investors and hedge funds.

Global Medical REIT Trading Down 1.5 %

GMRE stock traded down $0.14 during midday trading on Friday, hitting $9.49. 244,448 shares of the company’s stock were exchanged, compared to its average volume of 362,482. The stock’s fifty day moving average price is $9.08 and its 200-day moving average price is $9.15. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.22 and a current ratio of 0.22. The company has a market cap of $622.45 million, a PE ratio of 41.26, a price-to-earnings-growth ratio of 1.37 and a beta of 1.23. Global Medical REIT Inc. has a one year low of $7.98 and a one year high of $11.59.

Global Medical REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Friday, June 21st were issued a dividend of $0.21 per share. The ex-dividend date was Friday, June 21st. This represents a $0.84 annualized dividend and a yield of 8.85%. Global Medical REIT’s dividend payout ratio is presently 365.22%.

Analyst Upgrades and Downgrades

Separately, B. Riley decreased their price objective on Global Medical REIT from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, May 13th.

Global Medical REIT Company 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.