Redmond Asset Management LLC Boosts Stock Position in Global Medical REIT Inc. (NYSE:GMRE)

Redmond Asset Management LLC increased its stake in Global Medical REIT Inc. (NYSE:GMRE) by 2.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 243,447 shares of the company’s stock after buying an additional 5,929 shares during the period. Redmond Asset Management LLC owned 0.36% of Global Medical REIT worth $1,879,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quantinno Capital Management LP purchased a new stake in Global Medical REIT during the 3rd quarter valued at $138,000. Zacks Investment Management boosted its stake in Global Medical REIT by 12.9% during the 3rd quarter. Zacks Investment Management now owns 14,803 shares of the company’s stock valued at $147,000 after purchasing an additional 1,696 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Global Medical REIT during the 3rd quarter valued at $150,000. Entropy Technologies LP purchased a new stake in Global Medical REIT during the 4th quarter valued at $179,000. Finally, Versor Investments LP purchased a new stake in Global Medical REIT during the 3rd quarter valued at $189,000. Hedge funds and other institutional investors own 57.52% of the company’s stock.

Global Medical REIT Stock Performance

GMRE stock opened at $8.39 on Friday. The company has a market cap of $560.12 million, a P/E ratio of -419.04, a price-to-earnings-growth ratio of 1.43 and a beta of 1.24. Global Medical REIT Inc. has a 1 year low of $7.33 and a 1 year high of $10.46. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.28 and a quick ratio of 0.28. The stock’s fifty day moving average price is $7.93 and its 200-day moving average price is $8.77.

Global Medical REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 10.02%. Global Medical REIT’s dividend payout ratio (DPR) is currently -4,197.90%.

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.