LSV Asset Management Makes New Investment in Global Medical REIT Inc. (NYSE:GMRE)

LSV Asset Management purchased a new stake in shares of Global Medical REIT Inc. (NYSE:GMRE) during the fourth quarter, Holdings Channel reports. The fund purchased 485,242 shares of the company’s stock, valued at approximately $5,386,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New York Life Investment Management LLC bought a new position in shares of Global Medical REIT during the fourth quarter valued at $115,000. Versor Investments LP acquired a new position in Global Medical REIT during the 3rd quarter worth about $93,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Global Medical REIT by 19.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,110 shares of the company’s stock valued at $146,000 after buying an additional 2,114 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Global Medical REIT by 11.6% in the third quarter. Commonwealth Equity Services LLC now owns 21,684 shares of the company’s stock valued at $195,000 after buying an additional 2,260 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in shares of Global Medical REIT in the fourth quarter worth approximately $258,000. 57.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Global Medical REIT Stock Performance

Shares of GMRE opened at $8.78 on Thursday. The firm’s fifty day simple moving average is $8.52 and its two-hundred day simple moving average is $9.50. Global Medical REIT Inc. has a 12 month low of $7.98 and a 12 month high of $11.59. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $575.75 million, a P/E ratio of 38.17 and a beta of 1.13.

Global Medical REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Friday, March 22nd were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 9.57%. The ex-dividend date was Thursday, March 21st. Global Medical REIT’s dividend payout ratio (DPR) 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.