UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Position in Global Medical REIT Inc. (NYSE:GMRE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Global Medical REIT Inc. (NYSE:GMRE) by 158.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 120,614 shares of the company’s stock after purchasing an additional 73,965 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Global Medical REIT were worth $1,195,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. raised its position in Global Medical REIT by 7.2% during the second quarter. Principal Financial Group Inc. now owns 30,107 shares of the company’s stock worth $273,000 after acquiring an additional 2,033 shares during the period. Creative Planning boosted its stake in shares of Global Medical REIT by 13.3% in the third quarter. Creative Planning now owns 22,980 shares of the company’s stock valued at $228,000 after purchasing an additional 2,702 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Global Medical REIT by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 48,186 shares of the company’s stock valued at $438,000 after acquiring an additional 3,471 shares in the last quarter. First Trust Direct Indexing L.P. increased its holdings in Global Medical REIT by 25.6% in the third quarter. First Trust Direct Indexing L.P. now owns 20,432 shares of the company’s stock valued at $202,000 after buying an additional 4,164 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its position in shares of Global Medical REIT by 1.0% during the 3rd quarter. D.A. Davidson & CO. now owns 441,672 shares of the company’s stock worth $4,377,000 after buying an additional 4,202 shares during the last quarter. 57.52% of the stock is owned by hedge funds and other institutional investors.

Global Medical REIT Trading Up 0.7 %

Global Medical REIT stock opened at $8.46 on Wednesday. Global Medical REIT Inc. has a 52 week low of $7.98 and a 52 week high of $11.59. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market capitalization of $565.15 million, a price-to-earnings ratio of -423.00, a P/E/G ratio of 1.47 and a beta of 1.21. The company has a 50 day moving average price of $8.96 and a 200 day moving average price of $9.21.

Global Medical REIT (NYSE:GMRE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.18). Global Medical REIT had a return on equity of 0.86% and a net margin of 3.23%. The firm had revenue of $34.26 million during the quarter, compared to analyst estimates of $34.88 million. During the same quarter in the previous year, the firm posted $0.23 earnings per share. Research analysts forecast that Global Medical REIT Inc. will post 0.83 EPS for the current year.

Global Medical REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, December 20th. This represents a $0.84 annualized dividend and a yield of 9.93%. Global Medical REIT’s dividend payout ratio (DPR) is -4,200.00%.

Analysts Set New Price Targets

Several equities analysts have issued reports on GMRE shares. Alliance Global Partners initiated coverage on Global Medical REIT in a research report on Thursday, September 19th. They set a “buy” rating and a $12.00 target price on the stock. Berenberg Bank started coverage on Global Medical REIT in a research report on Friday, October 18th. They set a “buy” rating and a $11.75 price objective for the company.

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.