SG Americas Securities LLC Acquires 10,759 Shares of Global Medical REIT Inc. (NYSE:GMRE)

SG Americas Securities LLC raised its holdings in Global Medical REIT Inc. (NYSE:GMRE) by 90.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,700 shares of the company’s stock after purchasing an additional 10,759 shares during the quarter. SG Americas Securities LLC’s holdings in Global Medical REIT were worth $225,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in GMRE. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Global Medical REIT in the 2nd quarter valued at $100,000. M&G Plc acquired a new stake in shares of Global Medical REIT in the 1st quarter valued at $141,000. Oppenheimer & Co. Inc. increased its stake in shares of Global Medical REIT by 8.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 26,988 shares of the company’s stock valued at $236,000 after buying an additional 2,146 shares during the period. Tidal Investments LLC increased its stake in shares of Global Medical REIT by 5.8% in the 1st quarter. Tidal Investments LLC now owns 27,499 shares of the company’s stock valued at $241,000 after buying an additional 1,504 shares during the period. Finally, Principal Financial Group Inc. acquired a new stake in shares of Global Medical REIT in the 1st quarter valued at $246,000. 57.52% of the stock is owned by institutional investors and hedge funds.

Global Medical REIT Stock Up 0.5 %

Shares of Global Medical REIT stock opened at $9.39 on Wednesday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 1.20. Global Medical REIT Inc. has a 12 month low of $7.98 and a 12 month high of $11.59. The business has a fifty day simple moving average of $9.49 and a 200 day simple moving average of $9.13. The stock has a market cap of $615.54 million, a PE ratio of 40.80, a price-to-earnings-growth ratio of 1.37 and a beta of 1.25.

Global Medical REIT (NYSE:GMRE) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.25). Global Medical REIT had a return on equity of 1.09% and a net margin of 4.18%. The company had revenue of $34.24 million for the quarter, compared to analyst estimates of $35.24 million. During the same period last year, the firm earned $0.23 earnings per share. Research analysts predict that Global Medical REIT Inc. will post 0.85 EPS for the current year.

Global Medical REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Friday, September 20th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.95%. Global Medical REIT’s dividend payout ratio (DPR) is presently 365.22%.

Analysts Set New Price Targets

Several research firms have recently commented on GMRE. Berenberg Bank began coverage on Global Medical REIT in a research note on Friday, October 18th. They issued a “buy” rating and a $11.75 target price for the company. Alliance Global Partners began coverage on Global Medical REIT in a research note on Thursday, September 19th. They issued a “buy” rating and a $12.00 target price for the company.

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.