Stevens Capital Management LP Purchases New Holdings in Global Medical REIT Inc (GMRE)

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Stevens Capital Management LP acquired a new position in shares of Global Medical REIT Inc (NYSE:GMRE) in the 1st quarter, Holdings Channel reports. The firm acquired 14,202 shares of the company’s stock, valued at approximately $139,000.

Other large investors have also recently made changes to their positions in the company. Schnieders Capital Management LLC bought a new stake in Global Medical REIT during the 4th quarter worth about $116,000. B. Riley Wealth Management Inc. raised its holdings in Global Medical REIT by 18.2% during the 4th quarter. B. Riley Wealth Management Inc. now owns 31,444 shares of the company’s stock worth $280,000 after purchasing an additional 4,845 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Global Medical REIT by 1.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 111,188 shares of the company’s stock worth $988,000 after purchasing an additional 1,181 shares during the last quarter. BlackRock Inc. raised its holdings in Global Medical REIT by 0.9% during the 3rd quarter. BlackRock Inc. now owns 1,020,193 shares of the company’s stock worth $9,609,000 after purchasing an additional 9,460 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Global Medical REIT by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 899,741 shares of the company’s stock worth $8,475,000 after purchasing an additional 7,614 shares during the last quarter. 35.55% of the stock is owned by hedge funds and other institutional investors.

Shares of GMRE stock traded up $0.05 on Monday, reaching $10.76. The company had a trading volume of 1,299 shares, compared to its average volume of 285,940. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.08 and a quick ratio of 0.11. The stock has a market cap of $359.87 million, a PE ratio of 13.77, a price-to-earnings-growth ratio of 1.52 and a beta of 0.61. Global Medical REIT Inc has a 12 month low of $8.10 and a 12 month high of $11.02.

Global Medical REIT (NYSE:GMRE) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.18). The company had revenue of $15.20 million during the quarter, compared to the consensus estimate of $15.32 million. Global Medical REIT had a net margin of 21.38% and a return on equity of 5.52%. As a group, research analysts anticipate that Global Medical REIT Inc will post 0.78 earnings per share for the current year.

Several analysts have weighed in on GMRE shares. Zacks Investment Research raised Global Medical REIT from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Wednesday, February 13th. Boenning Scattergood reissued a “buy” rating on shares of Global Medical REIT in a report on Thursday, March 7th. B. Riley set a $11.00 price objective on Global Medical REIT and gave the stock a “buy” rating in a report on Friday, March 8th. Stifel Nicolaus started coverage on Global Medical REIT in a report on Monday, April 15th. They set a “buy” rating and a $11.00 price objective for the company. Finally, TheStreet raised Global Medical REIT from a “c+” rating to a “b” rating in a report on Thursday, May 9th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $10.67.

In other news, Director Roscoe M. Moore, Jr. sold 5,945 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $9.75, for a total value of $57,963.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.70% of the company’s stock.

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Global Medical REIT Company Profile

Global Medical REIT, Inc engages in the acquisition of purpose-built healthcare facilities and leasing of those properties to strong healthcare systems and physician groups. The company was founded on March 18, 2011 and is headquartered in Bethesda, MD.

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Institutional Ownership by Quarter for Global Medical REIT (NYSE:GMRE)

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