Northern Trust Corp boosted its stake in Global Medical REIT Inc. (NYSE:GMRE) by 2.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 147,978 shares of the company’s stock after acquiring an additional 2,873 shares during the quarter. Northern Trust Corp’s holdings in Global Medical REIT were worth $1,323,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Neuberger Berman Group LLC boosted its stake in Global Medical REIT by 303.0% during the 2nd quarter. Neuberger Berman Group LLC now owns 266,815 shares of the company’s stock worth $2,385,000 after purchasing an additional 200,606 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Global Medical REIT during the 2nd quarter worth $754,000. State of Wisconsin Investment Board boosted its stake in Global Medical REIT by 20.0% during the 2nd quarter. State of Wisconsin Investment Board now owns 433,050 shares of the company’s stock worth $3,871,000 after purchasing an additional 72,100 shares during the last quarter. Forward Management LLC acquired a new stake in Global Medical REIT during the 2nd quarter worth $447,000. Finally, BB&T Securities LLC boosted its stake in Global Medical REIT by 38.3% during the 2nd quarter. BB&T Securities LLC now owns 74,342 shares of the company’s stock worth $664,000 after purchasing an additional 20,603 shares during the last quarter. 41.00% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Global Medical REIT Inc. (NYSE GMRE) traded down $0.18 during mid-day trading on Wednesday, hitting $8.88. 124,500 shares of the stock traded hands, compared to its average volume of 130,774. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.22 and a current ratio of 0.22. The firm has a market cap of $195.97, a PE ratio of 23.23, a price-to-earnings-growth ratio of 2.88 and a beta of -0.18. Global Medical REIT Inc. has a 1 year low of $7.58 and a 1 year high of $10.25.

Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Global Medical REIT from a “sell” rating to a “hold” rating and set a $10.00 target price on the stock in a research note on Tuesday, November 14th. B. Riley reaffirmed a “buy” rating and set a $10.50 target price on shares of Global Medical REIT in a research note on Friday, November 10th. FBR & Co reaffirmed a “buy” rating and set a $10.50 target price (up previously from $10.00) on shares of Global Medical REIT in a research note on Monday, September 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $12.00 target price on shares of Global Medical REIT in a research note on Friday, September 1st. Finally, DA Davidson cut shares of Global Medical REIT from a “buy” rating to a “neutral” rating and lowered their price target for the company from $11.00 to $10.00 in a research report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $10.60.

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Global Medical REIT Company Profile

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

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