Caisse Des Depots ET Consignations Invests $100,000 in Global Medical REIT Inc. (NYSE:GMRE)

Caisse Des Depots ET Consignations purchased a new position in shares of Global Medical REIT Inc. (NYSE:GMRE) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 12,917 shares of the company’s stock, valued at approximately $100,000.

Several other institutional investors have also added to or reduced their stakes in GMRE. PNC Financial Services Group Inc. grew its position in shares of Global Medical REIT by 58.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,260 shares of the company’s stock worth $48,000 after purchasing an additional 2,301 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Global Medical REIT in the fourth quarter valued at approximately $91,000. Commonwealth Equity Services LLC boosted its stake in shares of Global Medical REIT by 16.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 12,646 shares of the company’s stock valued at $98,000 after buying an additional 1,819 shares during the period. Quantinno Capital Management LP acquired a new stake in Global Medical REIT during the third quarter worth approximately $138,000. Finally, Zacks Investment Management increased its stake in Global Medical REIT by 12.9% during the 3rd quarter. Zacks Investment Management now owns 14,803 shares of the company’s stock worth $147,000 after acquiring an additional 1,696 shares during the period. 57.52% of the stock is currently owned by institutional investors.

Global Medical REIT Stock Performance

NYSE:GMRE opened at $8.74 on Friday. The company has a market cap of $584.39 million, a price-to-earnings ratio of -436.73, a PEG ratio of 1.43 and a beta of 1.26. Global Medical REIT Inc. has a fifty-two week low of $7.33 and a fifty-two week high of $10.46. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a fifty day moving average price of $8.36 and a 200-day moving average price of $8.68.

Global Medical REIT (NYSE:GMRE) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.22 earnings per share 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 business had revenue of $35.16 million during the quarter, compared to analysts’ expectations of $34.87 million. As a group, equities analysts anticipate that Global Medical REIT Inc. will post 0.81 EPS for the current fiscal year.

Global Medical REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Friday, March 21st will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 9.61%. The ex-dividend date is Friday, March 21st. Global Medical REIT’s payout ratio is presently 8,400.00%.

Global Medical REIT 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.