New Age Alpha Advisors LLC Buys Shares of 34,011 Global Medical REIT Inc. (NYSE:GMRE)

New Age Alpha Advisors LLC purchased a new position in Global Medical REIT Inc. (NYSE:GMRE) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 34,011 shares of the company’s stock, valued at approximately $263,000.

Other institutional investors have also made changes to their positions in the company. Intech Investment Management LLC purchased a new stake in Global Medical REIT in the 3rd quarter worth approximately $150,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Global Medical REIT by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 853,103 shares of the company’s stock worth $8,454,000 after acquiring an additional 41,172 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Global Medical REIT during the third quarter worth $206,000. FMR LLC boosted its position in Global Medical REIT by 39.5% during the third quarter. FMR LLC now owns 184,550 shares of the company’s stock valued at $1,829,000 after purchasing an additional 52,281 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake 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 purchasing an additional 73,965 shares in the last quarter. 57.52% of the stock is currently owned by institutional investors and hedge funds.

Global Medical REIT Stock Performance

Shares of GMRE stock opened at $8.73 on Wednesday. The firm has a market cap of $583.85 million, a P/E ratio of -436.33, a PEG ratio of 1.43 and a beta of 1.26. 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 fifty-two week low of $7.33 and a fifty-two week high of $10.46. The stock’s 50-day moving average is $8.39 and its two-hundred day moving average is $8.65.

Global Medical REIT (NYSE:GMRE) last posted its earnings results on Thursday, February 27th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.01 by $0.21. The company had revenue of $35.16 million during the quarter, compared to the consensus estimate of $34.87 million. Global Medical REIT had a net margin of 3.23% and a return on equity of 0.86%. Analysts predict that Global Medical REIT Inc. will post 0.81 earnings per share for the current fiscal year.

Global Medical REIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Friday, March 21st will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, March 21st. This represents a $0.84 annualized dividend and a yield of 9.62%. Global Medical REIT’s dividend payout ratio (DPR) is currently 8,400.00%.

About Global Medical REIT

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.