Gladstone Commercial Co. (NASDAQ:GOOD) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its holdings in shares of Gladstone Commercial Co. (NASDAQ:GOOD) by 1,524.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 37,644 shares of the real estate investment trust’s stock after buying an additional 35,326 shares during the period. International Assets Investment Management LLC’s holdings in Gladstone Commercial were worth $611,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Central Pacific Bank Trust Division purchased a new stake in shares of Gladstone Commercial during the first quarter worth approximately $64,000. Evermay Wealth Management LLC increased its position in shares of Gladstone Commercial by 82.4% during the first quarter. Evermay Wealth Management LLC now owns 7,690 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 3,475 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Gladstone Commercial during the first quarter worth approximately $113,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Gladstone Commercial during the second quarter worth approximately $127,000. Finally, Atomi Financial Group Inc. purchased a new stake in shares of Gladstone Commercial during the second quarter worth approximately $158,000. 45.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on GOOD shares. B. Riley reiterated a “neutral” rating and set a $15.00 price target (up from $13.50) on shares of Gladstone Commercial in a research report on Thursday, October 10th. StockNews.com cut Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, Canaccord Genuity Group upgraded Gladstone Commercial to a “strong-buy” rating in a report on Friday, October 4th.

Gladstone Commercial Stock Up 6.4 %

Shares of NASDAQ:GOOD opened at $17.04 on Wednesday. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 4.95. The business has a fifty day moving average of $15.91 and a two-hundred day moving average of $14.89. The stock has a market cap of $724.71 million, a P/E ratio of -426.00, a PEG 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.

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

Gladstone Commercial Dividend Announcement

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

Gladstone Commercial 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.