Phocas Financial Corp. Sells 536,454 Shares of Global Medical REIT Inc. (NYSE:GMRE)

Phocas Financial Corp. trimmed its position in shares of Global Medical REIT Inc. (NYSE:GMRE) by 85.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,236 shares of the company’s stock after selling 536,454 shares during the period. Phocas Financial Corp.’s holdings in Global Medical REIT were worth $704,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GMRE. Creative Planning increased its holdings in Global Medical REIT by 13.3% in the 3rd quarter. Creative Planning now owns 22,980 shares of the company’s stock valued at $228,000 after buying an additional 2,702 shares during the period. International Assets Investment Management LLC increased its stake in Global Medical REIT by 900.1% in the third quarter. International Assets Investment Management LLC now owns 21,313 shares of the company’s stock valued at $2,151,000 after acquiring an additional 19,182 shares during the period. First Trust Direct Indexing L.P. increased its stake in Global Medical REIT by 25.6% in the third quarter. First Trust Direct Indexing L.P. now owns 20,432 shares of the company’s stock valued at $202,000 after acquiring an additional 4,164 shares during the period. M&G PLC acquired a new position in Global Medical REIT in the third quarter worth about $193,000. Finally, State of New Jersey Common Pension Fund D lifted its stake in Global Medical REIT by 8.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 637,751 shares of the company’s stock worth $6,320,000 after purchasing an additional 47,500 shares during the period. 57.52% of the stock is currently owned by institutional investors.

Global Medical REIT Stock Up 0.9 %

NYSE GMRE opened at $8.52 on Wednesday. Global Medical REIT Inc. has a 1-year low of $7.33 and a 1-year high of $10.46. The company has a market capitalization of $568.83 million, a price-to-earnings ratio of -425.54, a PEG ratio of 1.43 and a beta of 1.24. The stock’s 50 day moving average is $7.93 and its two-hundred day moving average is $8.75. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 1.26.

Global Medical REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 9.86%. The ex-dividend date was Friday, December 20th. Global Medical REIT’s dividend payout ratio (DPR) is -4,200.00%.

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.