Berenberg Begins Coverage of Global Medical REIT Preferred Stock with a Strong Buy Rating
Fintel reports that on October 18, 2024, Berenberg initiated coverage of Global Medical REIT Inc. – Preferred Stock (NYSE:GMRE.PRA) with a Buy recommendation.
Fund Sentiment on the Rise
Six funds or institutions currently report positions in Global Medical REIT Inc. – Preferred Stock, marking a 20.00% increase in ownership from the previous quarter. The average portfolio weight for all funds invested in GMRE.PRA has risen by 18.54%, now sitting at 0.57%. In the past three months, total institutional shares increased slightly by 0.04%, totaling 499K shares.
KIFYX – Westwood Salient Select Income Fund Institutional Shares holds 311K shares, with no change in the last quarter.
FRIFX – Fidelity Real Estate Income Fund maintains 151K shares, also with no change.
FSREX – Fidelity Series Real Estate Income Fund continues to hold 27K shares, unchanged from last quarter.
PFFR – InfraCap REIT Preferred ETF has 7K shares, showing a modest increase of 1.15%. However, the firm decreased its portfolio allocation in GMRE.PRA by 0.73% during the last quarter.
FSRRX – Fidelity Strategic Real Return Fund retains 2K shares with no changes noted.
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This story originally appeared on Fintel.
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