AJOVista LLC Purchases Shares of 4,850 Global Medical REIT Inc. (NYSE:GMRE)

AJOVista LLC acquired a new stake in shares of Global Medical REIT Inc. (NYSE:GMRE) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 4,850 shares of the company’s stock, valued at approximately $54,000.

Other large investors have also recently made changes to their positions in the company. New York Life Investment Management LLC bought a new stake in Global Medical REIT in the fourth quarter worth $115,000. Versor Investments LP bought a new stake in Global Medical REIT during the third quarter worth approximately $93,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Global Medical REIT by 19.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,110 shares of the company’s stock valued at $146,000 after purchasing an additional 2,114 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Global Medical REIT by 11.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 21,684 shares of the company’s stock valued at $195,000 after purchasing an additional 2,260 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Global Medical REIT in the 4th quarter valued at approximately $258,000. 57.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered Global Medical REIT from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th.

Global Medical REIT Price Performance

Global Medical REIT stock opened at $8.48 on Monday. Global Medical REIT Inc. has a 12-month low of $7.98 and a 12-month high of $11.59. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.11. The firm has a 50-day moving average price of $8.56 and a 200-day moving average price of $9.50. The firm has a market capitalization of $556.03 million, a PE ratio of 36.52 and a beta of 1.13.

Global Medical REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Friday, March 22nd were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 9.91%. The ex-dividend date was Thursday, March 21st. Global Medical REIT’s payout ratio is currently 365.22%.

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.