Envestnet Asset Management Inc. Buys 5,199 Shares of Global Medical REIT Inc. (NYSE:GMRE)

Envestnet Asset Management Inc. boosted its stake in Global Medical REIT Inc. (NYSE:GMREGet Rating) by 6.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 83,244 shares of the company’s stock after acquiring an additional 5,199 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Global Medical REIT were worth $935,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GMRE. SJS Investment Consulting Inc. bought a new stake in Global Medical REIT in the 1st quarter valued at $25,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in Global Medical REIT by 50.0% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,000 shares of the company’s stock valued at $34,000 after buying an additional 1,000 shares during the last quarter. Versor Investments LP acquired a new stake in Global Medical REIT in the 2nd quarter valued at $113,000. Amalgamated Bank acquired a new stake in Global Medical REIT in the 1st quarter valued at $118,000. Finally, Sageworth Trust Co acquired a new stake in Global Medical REIT in the 2nd quarter valued at $125,000. 68.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. StockNews.com upgraded shares of Global Medical REIT from a “sell” rating to a “hold” rating in a research note on Friday, November 4th. Robert W. Baird lowered shares of Global Medical REIT from an “outperform” rating to a “neutral” rating in a research note on Monday, October 10th. Compass Point lowered their price target on shares of Global Medical REIT to $17.00 in a research note on Monday, August 15th. Finally, BMO Capital Markets lowered shares of Global Medical REIT from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 6th. Four research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $16.50.

Global Medical REIT Stock Up 0.3 %

Global Medical REIT stock opened at $9.54 on Friday. The firm has a market capitalization of $625.06 million, a PE ratio of 38.16, a P/E/G ratio of 1.29 and a beta of 1.02. The company’s 50-day moving average is $8.76 and its 200-day moving average is $10.70. Global Medical REIT Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $18.51. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.19 and a quick ratio of 0.19.

Global Medical REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 11th. Stockholders of record on Friday, September 23rd were paid a dividend of $0.21 per share. The ex-dividend date was Thursday, September 22nd. This represents a $0.84 annualized dividend and a dividend yield of 8.81%. Global Medical REIT’s dividend payout ratio is presently 336.00%.

Global Medical REIT Company Profile

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Global Medical REIT Inc is net-lease medical office REIT that acquires purpose-built specialized healthcare facilities and leases those facilities to strong healthcare systems and physician groups with leading market share.

See Also

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Institutional Ownership by Quarter for Global Medical REIT (NYSE:GMRE)

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