Global Medical REIT Inc (NASDAQ:GMRE) announced a quarterly dividend on Friday, June 16th, NASDAQ reports. Shareholders of record on Tuesday, June 27th will be given a dividend of 0.20 per share on Monday, July 10th. This represents a $0.80 annualized dividend and a yield of 8.57%. The ex-dividend date is Friday, June 23rd.

Global Medical REIT (NASDAQ:GMRE) remained flat at $9.33 during mid-day trading on Monday. Global Medical REIT has a 1-year low of $6.73 and a 1-year high of $11.38. The stock has a 50 day moving average price of $9.44 and a 200-day moving average price of $8.94.

Global Medical REIT (NASDAQ:GMRE) last released its quarterly earnings data on Thursday, May 11th. The company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.24. The company had revenue of $4.66 million during the quarter, compared to analyst estimates of $5.32 million. Global Medical REIT had a negative net margin of 54.55% and a negative return on equity of 6.70%. Equities analysts anticipate that Global Medical REIT will post ($0.04) earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Global Medical REIT Inc (GMRE) Announces Quarterly Dividend of $0.20” was published by American Banking News and is the property of of American Banking News. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/06/19/global-medical-reit-inc-gmre-announces-quarterly-dividend-of-0-20.html.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG raised its position in Global Medical REIT by 14.2% in the first quarter. UBS Group AG now owns 11,847 shares of the company’s stock valued at $108,000 after buying an additional 1,477 shares in the last quarter. Teachers Advisors LLC raised its position in Global Medical REIT by 13.4% in the first quarter. Teachers Advisors LLC now owns 25,036 shares of the company’s stock valued at $227,000 after buying an additional 2,966 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in Global Medical REIT by 24.0% in the first quarter. Parametric Portfolio Associates LLC now owns 26,529 shares of the company’s stock valued at $241,000 after buying an additional 5,129 shares in the last quarter. Geode Capital Management LLC raised its position in Global Medical REIT by 18.5% in the first quarter. Geode Capital Management LLC now owns 27,731 shares of the company’s stock valued at $251,000 after buying an additional 4,323 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Global Medical REIT by 1.3% in the first quarter. Vanguard Group Inc. now owns 517,933 shares of the company’s stock valued at $4,703,000 after buying an additional 6,579 shares in the last quarter.

Several research analysts have weighed in on the stock. Compass Point upgraded shares of Global Medical REIT from a “neutral” rating to a “buy” rating in a research note on Tuesday, March 28th. Janney Montgomery Scott assumed coverage on shares of Global Medical REIT in a research note on Thursday, February 23rd. They issued a “buy” rating on the stock. Finally, Zacks Investment Research lowered shares of Global Medical REIT from a “hold” rating to a “sell” rating in a research note on Tuesday, March 28th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $11.54.

Global Medical REIT Company Profile

Global Medical REIT Inc focuses on operating as a real estate investment trust. The Company is engaged primarily in the acquisition and leasing of licensed purpose-built healthcare facilities in certain markets with various clinical operators. The Company seeks to invest in these purpose-built, specialized facilities, such as surgery centers, specialty hospitals and outpatient treatment centers.

Receive News & Ratings for Global Medical REIT Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Medical REIT Inc and related companies with MarketBeat.com's FREE daily email newsletter.