Global Medical REIT Inc. (NYSE:GMRE) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. trimmed its stake in shares of Global Medical REIT Inc. (NYSE:GMRE) by 6.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,668 shares of the company’s stock after selling 1,558 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Global Medical REIT were worth $263,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Invesco Ltd. lifted its holdings in shares of Global Medical REIT by 6.9% during the third quarter. Invesco Ltd. now owns 1,030,423 shares of the company’s stock worth $9,243,000 after purchasing an additional 66,802 shares during the period. Sound Income Strategies LLC boosted 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. Stifel Financial Corp boosted its holdings in shares of Global Medical REIT by 1.3% in the third quarter. Stifel Financial Corp now owns 841,768 shares of the company’s stock valued at $7,551,000 after acquiring an additional 10,566 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Global Medical REIT by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 778,081 shares of the company’s stock worth $6,979,000 after acquiring an additional 16,134 shares during the period. Finally, Pacific Ridge Capital Partners LLC raised its holdings in Global Medical REIT by 2.1% during the third quarter. Pacific Ridge Capital Partners LLC now owns 678,107 shares of the company’s stock worth $6,083,000 after purchasing an additional 13,879 shares in the last quarter. 57.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Global Medical REIT Trading Up 3.7 %

NYSE:GMRE opened at $8.78 on Thursday. 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 quick ratio of 0.17 and a current ratio of 0.17. The stock has a fifty day moving average price of $8.52 and a two-hundred day moving average price of $9.50. The stock has a market capitalization of $575.75 million, a price-to-earnings ratio of 38.17 and a beta of 1.13.

Global Medical REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Friday, March 22nd were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.57%. Global Medical REIT’s dividend payout ratio is presently 365.22%.

Global Medical REIT Company 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.