Y Intercept Hong Kong Ltd Purchases Shares of 24,962 Gladstone Commercial Corporation $GOOD

Y Intercept Hong Kong Ltd acquired a new position in shares of Gladstone Commercial Corporation (NASDAQ:GOOD) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 24,962 shares of the real estate investment trust’s stock, valued at approximately $358,000. Y Intercept Hong Kong Ltd owned approximately 0.05% of Gladstone Commercial at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. New York State Teachers Retirement System purchased a new position in shares of Gladstone Commercial in the first quarter valued at $26,000. Quarry LP raised its stake in Gladstone Commercial by 99.1% during the first quarter. Quarry LP now owns 5,928 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 2,951 shares in the last quarter. Strs Ohio bought a new position in Gladstone Commercial during the first quarter valued at $120,000. CWM LLC grew its stake in shares of Gladstone Commercial by 530.5% in the 2nd quarter. CWM LLC now owns 9,728 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 8,185 shares in the last quarter. Finally, KLP Kapitalforvaltning AS increased its holdings in shares of Gladstone Commercial by 69.6% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 11,700 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 4,800 shares during the last quarter. 45.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GOOD has been the subject of a number of analyst reports. Zacks Research downgraded shares of Gladstone Commercial from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Loop Capital set a $13.00 price objective on Gladstone Commercial in a research report on Wednesday. Wall Street Zen lowered Gladstone Commercial from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Gladstone Commercial in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $13.00.

Gladstone Commercial Stock Performance

Shares of NASDAQ:GOOD opened at $10.95 on Friday. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 4.50. Gladstone Commercial Corporation has a 12 month low of $10.58 and a 12 month high of $17.88. The company has a market capitalization of $529.99 million, a price-to-earnings ratio of 30.42, a PEG ratio of 1.26 and a beta of 1.11. The firm’s 50-day moving average is $12.08 and its 200 day moving average is $13.29.

Gladstone Commercial (NASDAQ:GOOD) last announced its earnings results on Monday, November 3rd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.04). The business had revenue of $40.84 million for the quarter, compared to analysts’ expectations of $40.10 million. Gladstone Commercial had a net margin of 18.67% and a return on equity of 16.37%. Research analysts predict that Gladstone Commercial Corporation will post 1.45 EPS for the current year.

Gladstone Commercial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be given a $0.10 dividend. This represents a c) annualized dividend and a yield of 11.0%. The ex-dividend date of this dividend is Monday, December 22nd. Gladstone Commercial’s dividend payout ratio is 666.67%.

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.