Proficio Capital Partners LLC Takes Position in Global Medical REIT Inc. (NYSE:GMRE)

Proficio Capital Partners LLC bought a new position in Global Medical REIT Inc. (NYSE:GMRE) during the 4th quarter, Holdings Channel reports. The institutional investor bought 23,021 shares of the company’s stock, valued at approximately $178,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GMRE. Quantinno Capital Management LP bought a new position in shares of Global Medical REIT during the 3rd quarter valued at $138,000. Zacks Investment Management lifted its holdings in Global Medical REIT by 12.9% in the third quarter. Zacks Investment Management now owns 14,803 shares of the company’s stock valued at $147,000 after acquiring an additional 1,696 shares during the period. Intech Investment Management LLC bought a new position in Global Medical REIT in the third quarter valued at about $150,000. Entropy Technologies LP purchased a new position in Global Medical REIT in the fourth quarter worth about $179,000. Finally, SG Americas Securities LLC grew its stake in shares of Global Medical REIT by 13.8% during the 4th quarter. SG Americas Securities LLC now owns 25,828 shares of the company’s stock valued at $199,000 after purchasing an additional 3,128 shares during the period. Hedge funds and other institutional investors own 57.52% of the company’s stock.

Global Medical REIT Price Performance

NYSE GMRE opened at $8.69 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $580.77 million, a P/E ratio of -434.03, a PEG ratio of 1.43 and a beta of 1.26. The company has a 50-day moving average price of $8.34 and a 200-day moving average price of $8.68. Global Medical REIT Inc. has a 52 week low of $7.33 and a 52 week high of $10.46.

Global Medical REIT (NYSE:GMRE) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.21. Global Medical REIT had a net margin of 3.23% and a return on equity of 0.86%. The business had revenue of $35.16 million for the quarter, compared to the consensus estimate of $34.87 million. Equities research analysts anticipate that Global Medical REIT Inc. will post 0.81 earnings per share for the current year.

Global Medical REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Friday, March 21st will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 9.67%. The ex-dividend date is Friday, March 21st. Global Medical REIT’s dividend payout ratio is currently 8,400.00%.

About Global Medical REIT

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.