Pensionfund DSM Netherlands Sells 33,000 Shares of Global Medical REIT Inc. (NYSE:GMRE)

Pensionfund DSM Netherlands cut its holdings in shares of Global Medical REIT Inc. (NYSE:GMRE) by 20.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 132,000 shares of the company’s stock after selling 33,000 shares during the quarter. Pensionfund DSM Netherlands owned 0.20% of Global Medical REIT worth $1,019,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Bank of New York Mellon Corp increased its stake in Global Medical REIT by 78.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,183,477 shares of the company’s stock worth $10,746,000 after purchasing an additional 520,583 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Global Medical REIT by 54.3% during the third quarter. JPMorgan Chase & Co. now owns 231,927 shares of the company’s stock valued at $2,298,000 after acquiring an additional 81,596 shares in the last quarter. Franklin Resources Inc. raised its stake in Global Medical REIT by 228.9% in the third quarter. Franklin Resources Inc. now owns 114,988 shares of the company’s stock worth $1,073,000 after buying an additional 80,030 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Global Medical REIT by 71.1% in the second quarter. AQR Capital Management LLC now owns 188,931 shares of the company’s stock worth $1,715,000 after buying an additional 78,528 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Global Medical REIT by 158.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 120,614 shares of the company’s stock valued at $1,195,000 after acquiring an additional 73,965 shares in the last quarter. 57.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on GMRE shares. Berenberg Bank assumed coverage on Global Medical REIT in a research report on Friday, October 18th. They set a “buy” rating and a $11.75 price objective for the company. Alliance Global Partners assumed coverage on Global Medical REIT in a research report on Thursday, September 19th. They set a “buy” rating and a $12.00 price objective for the company.

Global Medical REIT Stock Performance

Shares of NYSE GMRE traded up $0.01 during midday trading on Monday, hitting $7.67. 63,440 shares of the stock traded hands, compared to its average volume of 356,130. The firm has a market capitalization of $512.38 million, a P/E ratio of -383.31, a PEG ratio of 1.46 and a beta of 1.23. Global Medical REIT Inc. has a one year low of $7.43 and a one year high of $10.90. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a 50-day moving average of $8.54 and a two-hundred day moving average of $9.09.

Global Medical REIT (NYSE:GMRE) last announced its earnings results on Wednesday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.18). Global Medical REIT had a return on equity of 0.86% and a net margin of 3.23%. The firm had revenue of $34.26 million during the quarter, compared to analysts’ expectations of $34.88 million. During the same period in the previous year, the business posted $0.23 earnings per share. On average, equities analysts forecast that Global Medical REIT Inc. will post 0.83 EPS for the current fiscal year.

Global Medical REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be given a $0.21 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.84 annualized dividend and a yield of 10.95%. Global Medical REIT’s payout ratio is presently -4,200.00%.

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.