Global Medical REIT Inc. (GMRE) Chairman Buys $24,432.70 in Stock

Global Medical REIT Inc. (NYSE:GMRE) Chairman Jeffrey Busch bought 2,630 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were acquired at an average cost of $9.29 per share, for a total transaction of $24,432.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Global Medical REIT Inc. (NYSE:GMRE) traded down $0.05 during midday trading on Friday, hitting $9.34. The stock had a trading volume of 72,617 shares, compared to its average volume of 132,116. The stock has a market capitalization of $200.52, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 3.05 and a beta of -49.42. Global Medical REIT Inc. has a twelve month low of $7.12 and a twelve month high of $10.25. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.22 and a current ratio of 0.22.

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

A number of large investors have recently bought and sold shares of GMRE. UBS Group AG grew its stake in Global Medical REIT by 14.2% in the first quarter. UBS Group AG now owns 11,847 shares of the company’s stock worth $108,000 after purchasing an additional 1,477 shares in the last quarter. SG Americas Securities LLC acquired a new position in Global Medical REIT in the third quarter worth about $115,000. Nomura Asset Management Co. Ltd. acquired a new position in Global Medical REIT in the third quarter worth about $120,000. Spirit of America Management Corp NY grew its stake in Global Medical REIT by 50.0% in the second quarter. Spirit of America Management Corp NY now owns 15,000 shares of the company’s stock worth $134,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Wedbush Securities Inc. grew its stake in Global Medical REIT by 5.8% in the second quarter. Wedbush Securities Inc. now owns 15,334 shares of the company’s stock worth $137,000 after purchasing an additional 834 shares in the last quarter. Institutional investors and hedge funds own 36.91% of the company’s stock.

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