Today The Silver Capital Management LLC Acquires New Stake in Global Medical REIT Inc (GMRE)

Today The Silver Capital Management LLC Acquires New Stake in Global Medical REIT Inc (GMRE)

Silver Capital Management LLC acquired a new stake in Global Medical REIT Inc (NASDAQ:GMRE) during the third quarter, according to its most recent disclosure with the SEC. The firm acquired 39,893 shares of the company’s stock, valued at approximately $390,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Argent Trust Co bought a new position in Global Medical REIT during the second quarter valued at about $104,000. Prudential Financial Inc. bought a new position in Global Medical REIT during the second quarter valued at about $106,000. Emerald Mutual Fund Advisers Trust raised its position in Global Medical REIT by 3.0% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 394,420 shares of the company’s stock valued at $3,850,000 after buying an additional 11,310 shares in the last quarter. First Dallas Securities Inc. bought a new position in Global Medical REIT during the second quarter valued at about $121,000. Finally, Deprince Race & Zollo Inc. bought a new position in Global Medical REIT during the second quarter valued at about $202,000.

Shares of Global Medical REIT Inc (NASDAQ:GMRE) opened at 8.91 on Wednesday. Global Medical REIT Inc has a 52 week low of $6.73 and a 52 week high of $11.38. The stock has a 50 day moving average price of $8.95 and a 200-day moving average price of $9.52.

Global Medical REIT (NASDAQ:GMRE) last announced its quarterly earnings data on Thursday, November 10th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.01) by $0.02. The company earned $2 million during the quarter, compared to analyst estimates of $2.40 million. On average, equities research analysts forecast that Global Medical REIT Inc will post ($0.59) EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 10th. Investors of record on Tuesday, December 27th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, December 22nd. This represents a $0.80 annualized dividend and a dividend yield of 8.98%.

Several research firms have issued reports on GMRE. Zacks Investment Research lowered Global Medical REIT from a “hold” rating to a “sell” rating in a research note on Tuesday, November 15th. DA Davidson set a $12.00 target price on Global Medical REIT and gave the company a “buy” rating in a research note on Thursday, November 10th. Finally, Wunderlich lowered Global Medical REIT from a “buy” rating to a “hold” rating in a research note on Thursday, November 10th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Global Medical REIT has a consensus rating of “Hold” and an average target price of $11.65.

About Global Medical REIT

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.

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