First Dallas Securities Inc. reduced its holdings in shares of Global Medical REIT Inc (NYSE:GMRE) by 41.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,800 shares of the company’s stock after selling 30,500 shares during the quarter. First Dallas Securities Inc.’s holdings in Global Medical REIT were worth $351,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of GMRE. Teachers Advisors LLC grew its holdings in shares of Global Medical REIT by 5.0% during the second quarter. Teachers Advisors LLC now owns 26,279 shares of the company’s stock worth $235,000 after buying an additional 1,243 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Global Medical REIT by 2.0% during the second quarter. Northern Trust Corp now owns 147,978 shares of the company’s stock worth $1,323,000 after buying an additional 2,873 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Global Medical REIT by 0.8% during the second quarter. Vanguard Group Inc. now owns 521,977 shares of the company’s stock worth $4,667,000 after buying an additional 4,044 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Global Medical REIT by 20.6% in the second quarter. Wells Fargo & Company MN now owns 26,819 shares of the company’s stock valued at $239,000 after purchasing an additional 4,589 shares during the period. Finally, Parametric Portfolio Associates LLC grew its holdings in Global Medical REIT by 18.9% in the second quarter. Parametric Portfolio Associates LLC now owns 31,546 shares of the company’s stock valued at $282,000 after purchasing an additional 5,017 shares during the period. Hedge funds and other institutional investors own 41.82% of the company’s stock.

GMRE has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Global Medical REIT from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. B. Riley restated a “buy” rating on shares of Global Medical REIT in a report on Wednesday, November 1st. Finally, TheStreet downgraded shares of Global Medical REIT from a “c-” rating to a “d” rating in a report on Thursday, February 1st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $10.20.

Shares of Global Medical REIT Inc (NYSE:GMRE) opened at $7.19 on Monday. Global Medical REIT Inc has a twelve month low of $6.84 and a twelve month high of $10.25. The stock has a market cap of $155.52, a P/E ratio of 18.44, a P/E/G ratio of 1.14 and a beta of -0.19. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.22 and a quick ratio of 0.22.

Global Medical REIT (NYSE:GMRE) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.10). Global Medical REIT had a negative net margin of 19.98% and a negative return on equity of 2.86%. equities analysts anticipate that Global Medical REIT Inc will post 0.34 EPS for the current year.

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Global Medical REIT Company Profile

Global Medical REIT Inc is engaged primarily in the acquisition of licensed, purpose-built healthcare facilities and the leasing of these facilities to clinical operators with market share. The Company’s strategy is to produce increasing, reliable rental revenue by expanding its portfolio, and leasing its healthcare facilities to market operators under long-term triple-net leases.

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

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