Quantinno Capital Management LP Invests $138,000 in Global Medical REIT Inc. (NYSE:GMRE)

Quantinno Capital Management LP acquired a new stake in shares of Global Medical REIT Inc. (NYSE:GMRE) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,941 shares of the company’s stock, valued at approximately $138,000.

A number of other hedge funds also recently bought and sold shares of the company. Gordian Capital Singapore Pte Ltd bought a new position in Global Medical REIT during the second quarter valued at approximately $100,000. Intech Investment Management LLC purchased a new stake in shares of Global Medical REIT in the 3rd quarter valued at $150,000. Versor Investments LP bought a new position in shares of Global Medical REIT during the 3rd quarter valued at $189,000. M&G PLC purchased a new position in Global Medical REIT in the 3rd quarter worth $193,000. Finally, First Trust Direct Indexing L.P. lifted its stake in Global Medical REIT by 25.6% in the third quarter. First Trust Direct Indexing L.P. now owns 20,432 shares of the company’s stock worth $202,000 after purchasing an additional 4,164 shares during the last quarter. Institutional investors own 57.52% of the company’s stock.

Analyst Upgrades and Downgrades

GMRE has been the topic of a number of recent research reports. Berenberg Bank initiated coverage on Global Medical REIT in a research note on Friday, October 18th. They set a “buy” rating and a $11.75 price objective on the stock. Alliance Global Partners initiated coverage on Global Medical REIT in a research report on Thursday, September 19th. They set a “buy” rating and a $12.00 price target on the stock.

Global Medical REIT Price Performance

GMRE stock opened at $8.46 on Wednesday. The firm’s 50-day moving average price is $8.96 and its two-hundred day moving average price is $9.21. The stock has a market capitalization of $565.15 million, a price-to-earnings ratio of -423.00, a PEG ratio of 1.47 and a beta of 1.21. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 1.26. Global Medical REIT Inc. has a 12-month low of $7.98 and a 12-month high of $11.59.

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

Global Medical REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.84 annualized dividend and a yield of 9.93%. Global Medical REIT’s payout ratio is -4,200.00%.

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.