International Assets Investment Management LLC Buys New Shares in Gladstone Commercial Co. (NASDAQ:GOOD)

International Assets Investment Management LLC bought a new stake in Gladstone Commercial Co. (NASDAQ:GOODFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 30,690 shares of the real estate investment trust’s stock, valued at approximately $406,000. International Assets Investment Management LLC owned 0.08% of Gladstone Commercial as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EMC Capital Management lifted its holdings in Gladstone Commercial by 363.8% in the third quarter. EMC Capital Management now owns 9,275 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 7,275 shares during the period. First Citizens Bank & Trust Co. acquired a new position in Gladstone Commercial in the fourth quarter valued at $161,000. Dark Forest Capital Management LP acquired a new position in Gladstone Commercial in the third quarter valued at $160,000. Raymond James & Associates raised its holdings in shares of Gladstone Commercial by 21.9% during the third quarter. Raymond James & Associates now owns 14,297 shares of the real estate investment trust’s stock valued at $174,000 after purchasing an additional 2,568 shares during the period. Finally, Tritonpoint Wealth LLC acquired a new position in shares of Gladstone Commercial during the fourth quarter valued at about $220,000. Institutional investors and hedge funds own 45.51% of the company’s stock.

Gladstone Commercial Trading Up 0.5 %

NASDAQ:GOOD opened at $14.52 on Wednesday. The company has a debt-to-equity ratio of 4.85, a current ratio of 3.67 and a quick ratio of 3.67. The firm has a 50-day moving average of $13.66 and a 200-day moving average of $13.17. The company has a market cap of $581.53 million, a PE ratio of -76.42, a PEG ratio of 1.69 and a beta of 1.14. Gladstone Commercial Co. has a one year low of $10.99 and a one year high of $15.04.

Gladstone Commercial (NASDAQ:GOODGet Free Report) last posted its earnings results 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). The business had revenue of $35.91 million for the quarter, compared to the consensus estimate of $36.80 million. Gladstone Commercial had a return on equity of 3.19% and a net margin of 3.60%. As a group, equities research analysts expect that Gladstone Commercial Co. will post 1.45 EPS for the current fiscal year.

Gladstone Commercial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 19th will be given a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 8.26%. The ex-dividend date is Tuesday, June 18th. Gladstone Commercial’s payout ratio is presently -631.58%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GOOD. Alliance Global Partners began coverage on shares of Gladstone Commercial in a report on Monday, March 18th. They set a “buy” rating and a $15.50 price objective on the stock. StockNews.com upgraded shares of Gladstone Commercial from a “hold” rating to a “buy” rating in a report on Monday, May 13th.

View Our Latest Research Report on GOOD

Gladstone Commercial Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Gladstone Commercial (NASDAQ:GOOD)

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