Raymond James Financial Services Advisors Inc. Sells 13,767 Shares of Global Medical REIT Inc. (NYSE:GMRE)

Raymond James Financial Services Advisors Inc. cut its stake in Global Medical REIT Inc. (NYSE:GMRE) by 33.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,009 shares of the company’s stock after selling 13,767 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Global Medical REIT were worth $311,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Penserra Capital Management LLC lifted its position in Global Medical REIT by 14.4% in the third quarter. Penserra Capital Management LLC now owns 55,589 shares of the company’s stock worth $498,000 after buying an additional 6,996 shares during the last quarter. Brown Advisory Inc. raised its holdings in shares of Global Medical REIT by 27.0% in the third quarter. Brown Advisory Inc. now owns 1,423,088 shares of the company’s stock valued at $12,765,000 after acquiring an additional 302,326 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Global Medical REIT by 27.0% in the fourth quarter. SG Americas Securities LLC now owns 34,104 shares of the company’s stock valued at $379,000 after acquiring an additional 7,250 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Global Medical REIT by 1.3% in the fourth quarter. Raymond James & Associates now owns 121,871 shares of the company’s stock valued at $1,353,000 after acquiring an additional 1,606 shares in the last quarter. Finally, Sound Income Strategies LLC raised its holdings in shares of Global Medical REIT by 7.0% in the fourth quarter. Sound Income Strategies LLC now owns 977,499 shares of the company’s stock valued at $10,850,000 after acquiring an additional 63,843 shares in the last quarter. 57.52% of the stock is currently owned by institutional investors.

Global Medical REIT Price Performance

GMRE opened at $8.20 on Tuesday. The business’s 50-day moving average is $8.79 and its two-hundred day moving average is $9.55. Global Medical REIT Inc. has a 1 year low of $7.98 and a 1 year high of $11.59. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market capitalization of $537.67 million, a PE ratio of 35.65 and a beta of 1.12.

Global Medical REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Friday, March 22nd were paid a $0.21 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.84 annualized dividend and a yield of 10.24%. Global Medical REIT’s dividend payout ratio (DPR) is presently 365.22%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Global Medical REIT from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th.

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.