International Assets Investment Management LLC Boosts Stock Position in Gladstone Commercial Co. (NASDAQ:GOOD)

International Assets Investment Management LLC raised its stake in Gladstone Commercial Co. (NASDAQ:GOOD) by 1,524.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,644 shares of the real estate investment trust’s stock after purchasing an additional 35,326 shares during the period. International Assets Investment Management LLC owned 0.09% of Gladstone Commercial worth $611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GOOD. SG Americas Securities LLC purchased a new stake in shares of Gladstone Commercial during the third quarter worth about $226,000. The Manufacturers Life Insurance Company grew its stake in shares of Gladstone Commercial by 12.6% during the second quarter. The Manufacturers Life Insurance Company now owns 16,039 shares of the real estate investment trust’s stock worth $229,000 after acquiring an additional 1,795 shares during the last quarter. MQS Management LLC purchased a new stake in shares of Gladstone Commercial during the second quarter worth about $252,000. Renaissance Technologies LLC grew its stake in shares of Gladstone Commercial by 2.5% during the second quarter. Renaissance Technologies LLC now owns 1,410,120 shares of the real estate investment trust’s stock worth $20,122,000 after acquiring an additional 34,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Gladstone Commercial by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 567,878 shares of the real estate investment trust’s stock worth $8,103,000 after acquiring an additional 14,452 shares during the last quarter. Hedge funds and other institutional investors own 45.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GOOD shares. B. Riley restated a “neutral” rating and set a $15.00 price target (up previously from $13.50) on shares of Gladstone Commercial in a research note on Thursday, October 10th. StockNews.com lowered Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, Canaccord Genuity Group upgraded Gladstone Commercial to a “strong-buy” rating in a research note on Friday, October 4th.

Gladstone Commercial Price Performance

Shares of NASDAQ GOOD opened at $17.04 on Wednesday. The business’s 50 day moving average price is $15.91 and its 200 day moving average price is $14.89. The firm has a market cap of $724.71 million, a P/E ratio of -426.00, a P/E/G ratio of 1.85 and a beta of 1.21. Gladstone Commercial Co. has a 52 week low of $11.40 and a 52 week high of $17.14. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 4.95.

Gladstone Commercial (NASDAQ:GOOD) last issued its earnings results on Tuesday, August 6th. The real estate investment trust reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.37). The firm had revenue of $37.06 million during the quarter, compared to analysts’ expectations of $35.89 million. Gladstone Commercial had a net margin of 7.90% and a return on equity of 7.34%. During the same quarter in the prior year, the company earned $0.41 EPS. On average, sell-side analysts expect that Gladstone Commercial Co. will post 1.4 earnings per share for the current year.

Gladstone Commercial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be issued a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.04%. The ex-dividend date is Friday, December 20th. Gladstone Commercial’s payout ratio is presently -3,000.00%.

Gladstone Commercial Company Profile

Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock.