Pacific Ridge Capital Partners LLC Acquires 172,171 Shares of Global Medical REIT Inc. (NYSE:GMRE)

Pacific Ridge Capital Partners LLC boosted its holdings in shares of Global Medical REIT Inc. (NYSE:GMRE) by 31.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 712,101 shares of the company’s stock after acquiring an additional 172,171 shares during the quarter. Pacific Ridge Capital Partners LLC owned 1.07% of Global Medical REIT worth $5,497,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in shares of Global Medical REIT by 94.5% during the fourth quarter. JPMorgan Chase & Co. now owns 451,197 shares of the company’s stock valued at $3,483,000 after purchasing an additional 219,270 shares during the period. Raymond James Financial Inc. purchased a new stake in Global Medical REIT in the 4th quarter valued at about $1,430,000. Franklin Resources Inc. grew its stake in Global Medical REIT by 228.9% in the 3rd quarter. Franklin Resources Inc. now owns 114,988 shares of the company’s stock worth $1,073,000 after acquiring an additional 80,030 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Global Medical REIT by 158.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 120,614 shares of the company’s stock worth $1,195,000 after acquiring an additional 73,965 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Global Medical REIT by 87.1% during the third quarter. Barclays PLC now owns 154,051 shares of the company’s stock worth $1,527,000 after acquiring an additional 71,704 shares during the period. Institutional investors own 57.52% of the company’s stock.

Global Medical REIT Stock Up 1.3 %

Shares of NYSE GMRE opened at $8.49 on Thursday. Global Medical REIT Inc. has a 52-week low of $7.33 and a 52-week high of $10.46. The firm has a market capitalization of $567.40 million, a price-to-earnings ratio of -424.04, a PEG ratio of 1.43 and a beta of 1.26. The stock has a 50 day moving average price of $8.33 and a 200 day moving average price of $8.68. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.28 and a current ratio of 0.28.

Global Medical REIT (NYSE:GMRE) last issued its earnings results on Thursday, February 27th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.21. The business had revenue of $35.16 million during the quarter, compared to analysts’ expectations of $34.87 million. Global Medical REIT had a return on equity of 0.86% and a net margin of 3.23%. Sell-side analysts expect that Global Medical REIT Inc. will post 0.81 earnings per share for the current year.

Global Medical REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Friday, March 21st will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 9.90%. The ex-dividend date of this dividend is Friday, March 21st. Global Medical REIT’s dividend payout ratio (DPR) is 8,400.00%.

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.