BNP Paribas Financial Markets Has $130,000 Stock Position in Global Medical REIT Inc. (NYSE:GMRE)

BNP Paribas Financial Markets lowered its holdings in shares of Global Medical REIT Inc. (NYSE:GMRE) by 30.1% during the third quarter, Holdings Channel reports. The firm owned 13,126 shares of the company’s stock after selling 5,639 shares during the period. BNP Paribas Financial Markets’ holdings in Global Medical REIT were worth $130,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GMRE. Gordian Capital Singapore Pte Ltd bought a new stake in Global Medical REIT during the second quarter worth approximately $100,000. Intech Investment Management LLC acquired a new stake in shares of Global Medical REIT in the third quarter worth $150,000. Versor Investments LP bought a new stake in shares of Global Medical REIT during the 3rd quarter worth $189,000. M&G PLC acquired a new position in Global Medical REIT in the 3rd quarter valued at $193,000. Finally, First Trust Direct Indexing L.P. raised its holdings in Global Medical REIT by 25.6% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 20,432 shares of the company’s stock worth $202,000 after acquiring an additional 4,164 shares during the period. Institutional investors and hedge funds own 57.52% of the company’s stock.

Global Medical REIT Price Performance

NYSE:GMRE opened at $8.12 on Thursday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.28 and a quick ratio of 0.28. Global Medical REIT Inc. has a one year low of $7.98 and a one year high of $11.59. The company has a fifty day moving average price of $8.93 and a 200 day moving average price of $9.20. The stock has a market cap of $542.44 million, a P/E ratio of -405.80, a PEG ratio of 1.47 and a beta of 1.21.

Global Medical REIT (NYSE:GMRE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.03 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 company had revenue of $34.26 million for the quarter, compared to analyst estimates of $34.88 million. During the same period in the prior year, the company posted $0.23 EPS. Analysts anticipate that Global Medical REIT Inc. will post 0.83 earnings per share for the current year.

Global Medical REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 10.34%. Global Medical REIT’s dividend payout ratio is currently -4,200.00%.

Analysts Set New Price Targets

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