Phocas Financial Corp. Reduces Stock Holdings in Global Medical REIT Inc. (NYSE:GMRE)

Phocas Financial Corp. lowered its position in Global Medical REIT Inc. (NYSE:GMREFree Report) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 805,622 shares of the company’s stock after selling 10,957 shares during the quarter. Phocas Financial Corp. owned 1.23% of Global Medical REIT worth $7,355,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. GPS Wealth Strategies Group LLC purchased a new position in shares of Global Medical REIT in the first quarter valued at $26,000. Captrust Financial Advisors purchased a new stake in Global Medical REIT during the 2nd quarter worth about $43,000. Tower Research Capital LLC TRC increased its position in Global Medical REIT by 227.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,646 shares of the company’s stock worth $48,000 after purchasing an additional 3,920 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Global Medical REIT during the 2nd quarter worth about $55,000. Finally, Russell Investments Group Ltd. purchased a new stake in Global Medical REIT during the 1st quarter worth about $65,000. Hedge funds and other institutional investors own 56.46% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on GMRE. Compass Point lifted their price objective on Global Medical REIT from $11.00 to $12.50 in a research report on Friday, August 4th. assumed coverage on Global Medical REIT in a research report on Thursday, August 17th. They set a “hold” rating for the company.

Read Our Latest Research Report on Global Medical REIT

Global Medical REIT Trading Up 0.4 %

GMRE traded up $0.04 during midday trading on Tuesday, hitting $9.50. The company’s stock had a trading volume of 88,178 shares, compared to its average volume of 387,245. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 1.01. The firm has a market cap of $622.92 million, a P/E ratio of 29.56 and a beta of 1.07. The firm has a 50-day moving average price of $9.71 and a two-hundred day moving average price of $9.30. Global Medical REIT Inc. has a 52-week low of $7.01 and a 52-week high of $11.79.

Global Medical REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, September 22nd will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 8.84%. The ex-dividend date is Thursday, September 21st. Global Medical REIT’s dividend payout ratio is currently 262.50%.

Global Medical REIT Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding GMRE? Visit to get the latest 13F filings and insider trades for Global Medical REIT Inc. (NYSE:GMREFree Report).

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

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