Jane Street Group LLC Cuts Stake in Global Medical REIT Inc. (NYSE:GMRE)

Jane Street Group LLC lowered its position in shares of Global Medical REIT Inc. (NYSE:GMRE) by 62.1% in the third quarter, Holdings Channel reports. The institutional investor owned 46,281 shares of the company’s stock after selling 75,791 shares during the period. Jane Street Group LLC’s holdings in Global Medical REIT were worth $459,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings 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 buying an additional 2,033 shares in the last quarter. Creative Planning boosted its position in shares of Global Medical REIT by 13.3% in the 3rd quarter. Creative Planning now owns 22,980 shares of the company’s stock worth $228,000 after buying an additional 2,702 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Global Medical REIT by 7.8% in the 2nd 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 during the last quarter. First Trust Direct Indexing L.P. increased its holdings in Global Medical REIT by 25.6% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 20,432 shares of the company’s stock valued at $202,000 after acquiring an additional 4,164 shares in the last quarter. Finally, D.A. Davidson & CO. increased its holdings in Global Medical REIT by 1.0% during the 3rd quarter. D.A. Davidson & CO. now owns 441,672 shares of the company’s stock valued at $4,377,000 after acquiring an additional 4,202 shares in the last quarter. Hedge funds and other institutional investors own 57.52% of the company’s stock.

Global Medical REIT Stock Performance

Global Medical REIT stock opened at $7.61 on Tuesday. The stock’s 50 day moving average price is $8.54 and its 200 day moving average price is $9.09. The firm has a market capitalization of $508.37 million, a PE ratio of -380.31, a price-to-earnings-growth ratio of 1.46 and a beta of 1.23. 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 Inc. has a one year low of $7.43 and a one year high of $10.90.

Global Medical REIT (NYSE:GMRE) last announced its earnings results on Wednesday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.18). Global Medical REIT had a net margin of 3.23% and a return on equity of 0.86%. The business had revenue of $34.26 million during the quarter, compared to analyst estimates of $34.88 million. During the same period in the previous year, the company earned $0.23 earnings per share. As a group, sell-side analysts expect that Global Medical REIT Inc. will post 0.83 EPS for the current fiscal year.

Global Medical REIT Dividend Announcement

The company 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. This represents a $0.84 annualized dividend and a dividend yield of 11.04%. The ex-dividend date is Friday, December 20th. Global Medical REIT’s dividend payout ratio is currently -4,200.00%.

Analyst Ratings Changes

GMRE has been the topic of several recent research reports. Alliance Global Partners assumed coverage on shares of Global Medical REIT in a report on Thursday, September 19th. They issued a “buy” rating and a $12.00 price target on the stock. Berenberg Bank initiated coverage on Global Medical REIT in a research note on Friday, October 18th. They set a “buy” rating and a $11.75 price target on the stock.

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.