Virtu Financial LLC Takes $222,000 Position in Global Medical REIT Inc. (NYSE:GMRE)

Virtu Financial LLC acquired a new position in Global Medical REIT Inc. (NYSE:GMRE) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 28,701 shares of the company’s stock, valued at approximately $222,000.

A number of other hedge funds also recently added to or reduced their stakes in GMRE. Intech Investment Management LLC bought a new stake in shares of Global Medical REIT in the 3rd quarter worth $150,000. Charles Schwab Investment Management Inc. increased its holdings in Global Medical REIT by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 853,103 shares of the company’s stock worth $8,454,000 after buying an additional 41,172 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Global Medical REIT in the 3rd quarter worth about $206,000. D.A. Davidson & CO. raised its position in Global Medical REIT by 1.0% in the 3rd quarter. D.A. Davidson & CO. now owns 441,672 shares of the company’s stock worth $4,377,000 after buying an additional 4,202 shares during the last quarter. Finally, FMR LLC lifted its stake in Global Medical REIT by 39.5% during the 3rd quarter. FMR LLC now owns 184,550 shares of the company’s stock valued at $1,829,000 after acquiring an additional 52,281 shares during the period. 57.52% of the stock is currently owned by hedge funds and other institutional investors.

Global Medical REIT Stock Performance

Shares of GMRE stock opened at $8.74 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 1.26. The company has a 50 day moving average price of $8.36 and a 200-day moving average price of $8.68. Global Medical REIT Inc. has a 52 week low of $7.33 and a 52 week high of $10.46. The firm has a market capitalization of $584.39 million, a PE ratio of -436.73, a P/E/G ratio of 1.43 and a beta of 1.26.

Global Medical REIT (NYSE:GMRE) last announced its earnings results on Thursday, February 27th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.21. The business had revenue of $35.16 million during the quarter, compared to analyst estimates of $34.87 million. Global Medical REIT had a net margin of 3.23% and a return on equity of 0.86%. As a group, equities research analysts expect that Global Medical REIT Inc. will post 0.81 earnings per share for the current year.

Global Medical REIT Dividend Announcement

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