UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in Gladstone Commercial Co. (NASDAQ:GOOD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Gladstone Commercial Co. (NASDAQ:GOOD) by 33.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,675 shares of the real estate investment trust’s stock after purchasing an additional 11,340 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.10% of Gladstone Commercial worth $742,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in Gladstone Commercial in the 2nd quarter worth $33,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Gladstone Commercial by 68.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,116 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 2,885 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Gladstone Commercial in the second quarter valued at about $127,000. Atomi Financial Group Inc. acquired a new stake in Gladstone Commercial during the 2nd quarter valued at approximately $158,000. Finally, American Century Companies Inc. increased its holdings in Gladstone Commercial by 21.8% during the 2nd quarter. American Century Companies Inc. now owns 12,337 shares of the real estate investment trust’s stock worth $176,000 after purchasing an additional 2,210 shares during the last quarter. 45.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GOOD. StockNews.com cut Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Wednesday. B. Riley reaffirmed a “neutral” rating and issued a $15.00 price target (up from $13.50) on shares of Gladstone Commercial in a report on Thursday, October 10th. Finally, Canaccord Genuity Group raised shares of Gladstone Commercial to a “strong-buy” rating in a report on Friday, October 4th.

Gladstone Commercial Trading Down 0.4 %

Shares of NASDAQ GOOD opened at $16.01 on Friday. The company has a quick ratio of 3.54, a current ratio of 3.54 and a debt-to-equity ratio of 4.10. The stock’s 50 day moving average price is $16.73 and its two-hundred day moving average price is $15.54. Gladstone Commercial Co. has a 52-week low of $11.89 and a 52-week high of $17.88. The stock has a market capitalization of $703.14 million, a P/E ratio of 80.05, a PEG ratio of 1.97 and a beta of 1.24.

Gladstone Commercial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 7.50%. The ex-dividend date of this dividend is Friday, December 20th. Gladstone Commercial’s dividend payout ratio is currently 600.00%.

About Gladstone Commercial

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.