Dimensional Fund Advisors LP Increases Holdings in Global Medical REIT Inc (GMRE)

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Dimensional Fund Advisors LP raised its holdings in shares of Global Medical REIT Inc (NYSE:GMRE) by 56.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 108,928 shares of the company’s stock after acquiring an additional 39,442 shares during the period. Dimensional Fund Advisors LP’s holdings in Global Medical REIT were worth $968,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Schnieders Capital Management LLC purchased a new stake in Global Medical REIT during the fourth quarter valued at approximately $116,000. State Board of Administration of Florida Retirement System boosted its position in shares of Global Medical REIT by 10.5% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 15,526 shares of the company’s stock worth $138,000 after purchasing an additional 1,474 shares during the period. Advisor Group Inc. boosted its position in shares of Global Medical REIT by 84.7% in the fourth quarter. Advisor Group Inc. now owns 17,184 shares of the company’s stock worth $153,000 after purchasing an additional 7,881 shares during the period. B. Riley Wealth Management Inc. bought a new position in shares of Global Medical REIT in the third quarter worth approximately $251,000. Finally, Wiley BROS. Aintree Capital LLC bought a new position in shares of Global Medical REIT in the fourth quarter worth approximately $262,000. 42.04% of the stock is owned by institutional investors and hedge funds.

GMRE opened at $10.23 on Friday. The company has a market capitalization of $349.13 million, a price-to-earnings ratio of 13.12, a PEG ratio of 1.37 and a beta of 0.61. Global Medical REIT Inc has a 1-year low of $8.00 and a 1-year high of $11.02. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.11 and a quick ratio of 0.11.

Global Medical REIT (NYSE:GMRE) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.10. The business had revenue of $14.38 million during the quarter, compared to analyst estimates of $14.46 million. Global Medical REIT had a net margin of 22.62% and a return on equity of 6.29%. Equities research analysts anticipate that Global Medical REIT Inc will post 0.83 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 26th were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 25th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.82%. Global Medical REIT’s dividend payout ratio is 102.56%.

In related news, Director Roscoe M. Moore, Jr. sold 5,945 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $9.75, for a total transaction of $57,963.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.70% of the stock is currently owned by corporate insiders.

A number of equities analysts have weighed in on GMRE shares. Zacks Investment Research upgraded shares of Global Medical REIT from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Tuesday, January 8th. Boenning Scattergood reiterated a “buy” rating on shares of Global Medical REIT in a research report on Thursday, March 7th. B. Riley set a $11.00 price target on shares of Global Medical REIT and gave the stock a “buy” rating in a research report on Friday, March 8th. Finally, Stifel Nicolaus started coverage on shares of Global Medical REIT in a research report on Monday, April 15th. They issued a “buy” rating and a $11.00 price target for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $10.67.

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Global Medical REIT Company Profile

Global Medical REIT, Inc engages in the acquisition of purpose-built healthcare facilities and leasing of those properties to strong healthcare systems and physician groups. The company was founded on March 18, 2011 and is headquartered in Bethesda, MD.

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

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