International Assets Investment Management LLC Makes New $406,000 Investment in Gladstone Commercial Co. (NASDAQ:GOOD)

International Assets Investment Management LLC acquired a new stake in shares of Gladstone Commercial Co. (NASDAQ:GOOD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 30,690 shares of the real estate investment trust’s stock, valued at approximately $406,000. International Assets Investment Management LLC owned approximately 0.08% of Gladstone Commercial at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC grew its position in shares of Gladstone Commercial by 2.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 35,982 shares of the real estate investment trust’s stock worth $438,000 after buying an additional 938 shares during the last quarter. Samalin Investment Counsel LLC grew its position in shares of Gladstone Commercial by 4.2% in the 3rd quarter. Samalin Investment Counsel LLC now owns 41,344 shares of the real estate investment trust’s stock worth $503,000 after buying an additional 1,685 shares during the last quarter. Raymond James & Associates grew its position in shares of Gladstone Commercial by 21.9% in the 3rd quarter. Raymond James & Associates now owns 14,297 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 2,568 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Gladstone Commercial by 6.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 44,900 shares of the real estate investment trust’s stock worth $546,000 after buying an additional 2,800 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its position in shares of Gladstone Commercial by 4.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 66,471 shares of the real estate investment trust’s stock worth $808,000 after buying an additional 2,824 shares during the last quarter. Hedge funds and other institutional investors own 45.51% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners started coverage on shares of Gladstone Commercial in a research report on Monday, March 18th. They issued a “buy” rating and a $15.50 price objective on the stock.

Gladstone Commercial Stock Up 0.7 %

GOOD stock opened at $13.33 on Friday. The firm has a 50 day moving average of $13.11 and a 200 day moving average of $12.89. The stock has a market capitalization of $537.33 million, a PE ratio of -60.59, a price-to-earnings-growth ratio of 1.61 and a beta of 1.15. The company has a quick ratio of 3.90, a current ratio of 3.90 and a debt-to-equity ratio of 4.79. Gladstone Commercial Co. has a 52 week low of $10.84 and a 52 week high of $14.14.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.31). Gladstone Commercial had a net margin of 2.82% and a return on equity of 2.36%. The business had revenue of $35.91 million for the quarter, compared to analyst estimates of $36.80 million. Sell-side analysts forecast that Gladstone Commercial Co. will post 1.38 earnings per share for the current year.

Gladstone Commercial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be issued a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 9.00%. The ex-dividend date of this dividend is Tuesday, June 18th. Gladstone Commercial’s payout ratio is presently -545.45%.

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.