B. Riley Financial Inc. Purchases New Holdings in Global Medical REIT Inc. (GMRE)

B. Riley Financial Inc. purchased a new position in shares of Global Medical REIT Inc. (NYSE:GMRE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 25,549 shares of the company’s stock, valued at approximately $229,000. B. Riley Financial Inc. owned 0.12% of Global Medical REIT at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wedbush Securities Inc. raised its position in Global Medical REIT by 5.8% in the 2nd quarter. Wedbush Securities Inc. now owns 15,334 shares of the company’s stock valued at $137,000 after purchasing an additional 834 shares in the last quarter. UBS Group AG raised its position in Global Medical REIT by 14.2% in the 1st quarter. UBS Group AG now owns 11,847 shares of the company’s stock valued at $108,000 after purchasing an additional 1,477 shares in the last quarter. D.A. Davidson & CO. raised its position in Global Medical REIT by 36.0% in the 3rd quarter. D.A. Davidson & CO. now owns 104,430 shares of the company’s stock valued at $937,000 after purchasing an additional 27,667 shares in the last quarter. State of Wisconsin Investment Board raised its position in Global Medical REIT by 20.0% in the 2nd quarter. State of Wisconsin Investment Board now owns 433,050 shares of the company’s stock valued at $3,871,000 after purchasing an additional 72,100 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in Global Medical REIT in the 2nd quarter valued at about $339,000. 41.00% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on GMRE shares. Zacks Investment Research lowered Global Medical REIT from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. DA Davidson lowered Global Medical REIT from a “buy” rating to a “neutral” rating and reduced their price target for the company from $11.00 to $10.00 in a research report on Tuesday, August 22nd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $12.00 price target on shares of Global Medical REIT in a research report on Friday, September 1st. B. Riley reaffirmed a “buy” rating and issued a $10.50 price target on shares of Global Medical REIT in a research report on Friday, November 10th. Finally, FBR & Co reiterated a “buy” rating and issued a $10.50 price objective (up previously from $10.00) on shares of Global Medical REIT in a report on Monday, September 18th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $10.60.

Global Medical REIT Inc. (GMRE) traded up $0.03 on Thursday, hitting $8.91. The stock had a trading volume of 152,300 shares, compared to its average volume of 130,866. Global Medical REIT Inc. has a fifty-two week low of $7.81 and a fifty-two week high of $10.25. The stock has a market cap of $192.08, a P/E ratio of 22.77, a P/E/G ratio of 2.82 and a beta of -0.18. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.72.

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Global Medical REIT Profile

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

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