New York State Common Retirement Fund Grows Stake in Global Medical REIT Inc. (NYSE:GMRE)

New York State Common Retirement Fund grew its holdings in Global Medical REIT Inc. (NYSE:GMRE) by 3.2% during the fourth quarter, HoldingsChannel reports. The fund owned 94,158 shares of the company’s stock after purchasing an additional 2,900 shares during the period. New York State Common Retirement Fund’s holdings in Global Medical REIT were worth $727,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its holdings in Global Medical REIT by 228.9% during the third quarter. Franklin Resources Inc. now owns 114,988 shares of the company’s stock worth $1,073,000 after purchasing an additional 80,030 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Global Medical REIT by 158.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 120,614 shares of the company’s stock valued at $1,195,000 after acquiring an additional 73,965 shares during the last quarter. Barclays PLC lifted its position in Global Medical REIT by 87.1% in the third quarter. Barclays PLC now owns 154,051 shares of the company’s stock valued at $1,527,000 after acquiring an additional 71,704 shares during the last quarter. State Street Corp lifted its position in Global Medical REIT by 1.5% in the third quarter. State Street Corp now owns 1,924,433 shares of the company’s stock valued at $19,468,000 after acquiring an additional 28,444 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in Global Medical REIT by 900.1% in the third quarter. International Assets Investment Management LLC now owns 21,313 shares of the company’s stock valued at $2,151,000 after acquiring an additional 19,182 shares during the last quarter. Institutional investors and hedge funds own 57.52% of the company’s stock.

Global Medical REIT Stock Up 3.2 %

Shares of NYSE GMRE opened at $9.08 on Tuesday. The stock has a market cap of $606.57 million, a PE ratio of -453.77, a price-to-earnings-growth ratio of 1.43 and a beta of 1.24. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 1.26. Global Medical REIT Inc. has a 52-week low of $7.33 and a 52-week high of $10.46. The business has a 50-day moving average price of $7.99 and a 200 day moving average price of $8.74.

Global Medical REIT (NYSE:GMRE) last announced its earnings results on Thursday, February 27th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.21. The firm 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%. Equities research analysts forecast 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 disclosed 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 annualized dividend and a yield of 9.25%. The ex-dividend date is Friday, March 21st. Global Medical REIT’s payout ratio is currently 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.