M&G Plc Invests $193,000 in Global Medical REIT Inc. (NYSE:GMRE)

M&G Plc bought a new position in shares of Global Medical REIT Inc. (NYSE:GMRE) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 19,349 shares of the company’s stock, valued at approximately $193,000.

Other institutional investors have also bought and sold shares of the company. Tidal Investments LLC boosted its stake in Global Medical REIT by 5.8% in the first quarter. Tidal Investments LLC now owns 27,499 shares of the company’s stock worth $241,000 after purchasing an additional 1,504 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of Global Medical REIT by 2.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 74,528 shares of the company’s stock valued at $652,000 after purchasing an additional 1,592 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Global Medical REIT by 7.2% in the second quarter. Principal Financial Group Inc. now owns 30,107 shares of the company’s stock valued at $273,000 after purchasing an additional 2,033 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in Global Medical REIT by 8.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 26,988 shares of the company’s stock worth $236,000 after purchasing an additional 2,146 shares during the last quarter. Finally, Creative Planning lifted its holdings in Global Medical REIT by 13.3% during 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. Institutional investors and hedge funds own 57.52% of the company’s stock.

Global Medical REIT Trading Down 0.2 %

NYSE GMRE opened at $8.96 on Friday. The company has a market cap of $587.67 million, a PE ratio of -448.00, a PEG ratio of 1.37 and a beta of 1.25. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.20. The stock has a 50 day moving average of $9.47 and a 200-day moving average of $9.20. Global Medical REIT Inc. has a 12 month low of $7.98 and a 12 month high of $11.59.

Global Medical REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 9.38%. The ex-dividend date of this dividend was Friday, September 20th. Global Medical REIT’s dividend payout ratio (DPR) is presently -4,200.00%.

Analyst Upgrades and Downgrades

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