Caisse Des Depots ET Consignations Takes Position in Global Medical REIT Inc. (NYSE:GMRE)

Caisse Des Depots ET Consignations acquired a new position in shares of Global Medical REIT Inc. (NYSE:GMRE) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 12,917 shares of the company’s stock, valued at approximately $100,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Franklin Resources Inc. raised its stake in shares of Global Medical REIT by 228.9% during the third quarter. Franklin Resources Inc. now owns 114,988 shares of the company’s stock valued at $1,073,000 after acquiring an additional 80,030 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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 worth $1,195,000 after purchasing an additional 73,965 shares during the last quarter. Barclays PLC raised its position in Global Medical REIT by 87.1% during the 3rd quarter. Barclays PLC now owns 154,051 shares of the company’s stock worth $1,527,000 after purchasing an additional 71,704 shares during the last quarter. Aew Capital Management L P acquired a new position in Global Medical REIT during the 4th quarter worth about $230,000. Finally, State Street Corp grew its position in shares of Global Medical REIT by 1.5% in the 3rd quarter. State Street Corp now owns 1,924,433 shares of the company’s stock valued at $19,468,000 after buying an additional 28,444 shares during the last quarter. Institutional investors and hedge funds own 57.52% of the company’s stock.

Global Medical REIT Price Performance

Shares of GMRE opened at $8.74 on Friday. The business has a 50-day moving average of $8.36 and a 200-day moving average of $8.68. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market capitalization of $584.39 million, a price-to-earnings ratio of -436.73, a price-to-earnings-growth ratio of 1.43 and a beta of 1.26. Global Medical REIT Inc. has a 1 year low of $7.33 and a 1 year 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 (EPS) 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 firm had revenue of $35.16 million during the quarter, compared to analyst estimates of $34.87 million. As a group, equities research analysts anticipate that Global Medical REIT Inc. will post 0.81 earnings per share for the current year.

Global Medical REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Friday, March 21st will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, March 21st. This represents a $0.84 dividend on an annualized basis and a yield of 9.61%. Global Medical REIT’s 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.