Oppenheimer & Co. Inc. Trims Holdings in Global Medical REIT Inc (GMRE)

Oppenheimer & Co. Inc. lowered its stake in shares of Global Medical REIT Inc (NYSE:GMRE) by 30.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 40,776 shares of the company’s stock after selling 17,803 shares during the quarter. Oppenheimer & Co. Inc. owned 0.19% of Global Medical REIT worth $334,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Global Medical REIT by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 521,977 shares of the company’s stock valued at $4,667,000 after purchasing an additional 4,044 shares during the last quarter. RMR Advisors LLC increased its position in shares of Global Medical REIT by 169.0% during the 4th quarter. RMR Advisors LLC now owns 345,330 shares of the company’s stock valued at $2,832,000 after purchasing an additional 216,943 shares during the last quarter. State Street Corp increased its position in shares of Global Medical REIT by 9.7% during the 2nd quarter. State Street Corp now owns 234,183 shares of the company’s stock valued at $2,094,000 after purchasing an additional 20,804 shares during the last quarter. Northern Trust Corp increased its position in shares of Global Medical REIT by 2.0% during the 2nd quarter. Northern Trust Corp now owns 147,978 shares of the company’s stock valued at $1,323,000 after purchasing an additional 2,873 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Global Medical REIT by 6.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 145,755 shares of the company’s stock valued at $1,309,000 after purchasing an additional 8,274 shares during the last quarter. 49.39% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on GMRE shares. Zacks Investment Research raised Global Medical REIT from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a research report on Wednesday, February 14th. B. Riley reissued a “buy” rating and set a $10.50 target price on shares of Global Medical REIT in a research report on Friday, November 10th. Finally, TheStreet downgraded Global Medical REIT from a “c-” rating to a “d” rating in a research report on Thursday, February 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $10.25.

Global Medical REIT Inc (NYSE GMRE) opened at $7.21 on Friday. The firm has a market capitalization of $155.96, a P/E ratio of -36.05, a PEG ratio of 1.13 and a beta of -41.48. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.72. Global Medical REIT Inc has a 12-month low of $6.84 and a 12-month high of $10.25.

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Global Medical REIT Company Profile

Global Medical REIT Inc is engaged primarily in the acquisition of licensed, purpose-built healthcare facilities and the leasing of these facilities to clinical operators with market share. The Company’s strategy is to produce increasing, reliable rental revenue by expanding its portfolio, and leasing its healthcare facilities to market operators under long-term triple-net leases.

Institutional Ownership by Quarter for Global Medical REIT (NYSE:GMRE)

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