Ieq Capital LLC acquired a new position in Gladstone Commercial Corporation (NASDAQ:GOOD – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 67,469 shares of the real estate investment trust’s stock, valued at approximately $830,000. Ieq Capital LLC owned about 0.14% of Gladstone Commercial as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Inspire Investing LLC grew its position in Gladstone Commercial by 2.4% in the first quarter. Inspire Investing LLC now owns 44,891 shares of the real estate investment trust’s stock worth $513,000 after acquiring an additional 1,043 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Gladstone Commercial by 2.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 46,681 shares of the real estate investment trust’s stock valued at $669,000 after purchasing an additional 1,055 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Gladstone Commercial by 7.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 14,975 shares of the real estate investment trust’s stock valued at $160,000 after purchasing an additional 1,062 shares during the last quarter. Evergreen Capital Management LLC boosted its holdings in Gladstone Commercial by 6.9% in the second quarter. Evergreen Capital Management LLC now owns 16,942 shares of the real estate investment trust’s stock worth $243,000 after purchasing an additional 1,096 shares in the last quarter. Finally, Beacon Investment Advisors LLC boosted its holdings in Gladstone Commercial by 2.6% in the fourth quarter. Beacon Investment Advisors LLC now owns 44,397 shares of the real estate investment trust’s stock worth $474,000 after purchasing an additional 1,129 shares in the last quarter. Institutional investors own 45.51% of the company’s stock.
Gladstone Commercial Stock Down 0.2%
Gladstone Commercial stock opened at $12.98 on Friday. The firm has a market cap of $628.34 million, a price-to-earnings ratio of 49.92 and a beta of 1.07. The company has a debt-to-equity ratio of 5.43, a current ratio of 3.72 and a quick ratio of 3.72. Gladstone Commercial Corporation has a fifty-two week low of $10.33 and a fifty-two week high of $13.47. The firm has a fifty day moving average price of $12.71 and a two-hundred day moving average price of $12.42.
Gladstone Commercial Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a $0.10 dividend. The ex-dividend date is Monday, September 21st. This represents a c) annualized dividend and a dividend yield of 9.2%. Gladstone Commercial’s dividend payout ratio (DPR) is presently 461.54%.
Analyst Upgrades and Downgrades
Several research firms have weighed in on GOOD. Weiss Ratings restated a “hold (c)” rating on shares of Gladstone Commercial in a report on Monday. Huntington started coverage on Gladstone Commercial in a research note on Wednesday, July 15th. They set a “market perform” rating and a $13.00 price target for the company. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $12.83.
Get Our Latest Report on Gladstone Commercial
Gladstone Commercial Company Profile
Gladstone Commercial Corporation is a real estate investment trust (REIT) that focuses on the acquisition and long‐term ownership of industrial and office properties throughout the United States. The company’s portfolio emphasizes both single‐tenant net‐leased investments and multi‐tenant assets, targeting properties that provide stable, predictable rental income. Gladstone Commercial seeks to grow shareholder value through both internal cash flow from its existing portfolio and strategic property acquisitions in markets with strong occupancy trends.
The company’s primary business activities include identifying, underwriting and acquiring commercial real estate assets that support light industrial users and professional office tenants.
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