Parametric Portfolio Associates LLC raised its holdings in shares of Global Medical REIT Inc. (NYSE:GMRE) by 18.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,546 shares of the company’s stock after purchasing an additional 5,017 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Global Medical REIT were worth $282,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Wedbush Securities Inc. lifted its position in Global Medical REIT by 5.8% during the second quarter. Wedbush Securities Inc. now owns 15,334 shares of the company’s stock valued at $137,000 after purchasing an additional 834 shares during the last quarter. Teachers Advisors LLC lifted its position in Global Medical REIT by 5.0% during the second quarter. Teachers Advisors LLC now owns 26,279 shares of the company’s stock valued at $235,000 after purchasing an additional 1,243 shares during the last quarter. UBS Group AG lifted its position in Global Medical REIT by 14.2% during the first 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 during the last quarter. Northern Trust Corp lifted its position in Global Medical REIT by 2.0% during the second quarter. Northern Trust Corp now owns 147,978 shares of the company’s stock valued at $1,323,000 after purchasing an additional 2,873 shares during the last quarter. Finally, Rational Advisors LLC lifted its position in Global Medical REIT by 1.4% during the second quarter. Rational Advisors LLC now owns 270,816 shares of the company’s stock valued at $2,421,000 after purchasing an additional 3,716 shares during the last quarter. Institutional investors and hedge funds own 41.02% of the company’s stock.

Several equities analysts have commented on GMRE shares. Zacks Investment Research lowered shares of Global Medical REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. DA Davidson lowered shares of Global Medical REIT from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $11.00 to $10.00 in a report on Tuesday, August 22nd. Cantor Fitzgerald restated an “overweight” rating and issued a $12.00 target price on shares of Global Medical REIT in a report on Friday, September 1st. FBR & Co restated a “buy” rating and issued a $10.50 target price (up previously from $10.00) on shares of Global Medical REIT in a report on Monday, September 18th. Finally, B. Riley restated a “buy” rating on shares of Global Medical REIT in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Global Medical REIT has an average rating of “Buy” and a consensus price target of $10.60.

Global Medical REIT Inc. (GMRE) traded up $0.20 during trading on Wednesday, hitting $9.57. 71,500 shares of the stock traded hands, compared to its average volume of 131,111. The company has a market cap of $207.01, a price-to-earnings ratio of 25.00, a PEG ratio of 3.10 and a beta of -49.42. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.72. Global Medical REIT Inc. has a 12-month low of $7.12 and a 12-month high of $10.25.

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Global Medical REIT Profile

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

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