Mitsubishi UFJ Asset Management Co. Ltd. Purchases Shares of 42,892 Gladstone Commercial Corporation $GOOD

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Gladstone Commercial Corporation (NASDAQ:GOODFree Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 42,892 shares of the real estate investment trust’s stock, valued at approximately $528,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Gladstone Commercial by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 4,823,236 shares of the real estate investment trust’s stock worth $51,464,000 after buying an additional 20,634 shares during the period. Geode Capital Management LLC grew its position in Gladstone Commercial by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 1,327,193 shares of the real estate investment trust’s stock valued at $14,164,000 after acquiring an additional 74,557 shares during the period. Invesco Ltd. increased its stake in Gladstone Commercial by 17.1% during the fourth quarter. Invesco Ltd. now owns 1,086,952 shares of the real estate investment trust’s stock worth $11,598,000 after acquiring an additional 158,711 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in Gladstone Commercial by 56.7% during the third quarter. Qube Research & Technologies Ltd now owns 823,864 shares of the real estate investment trust’s stock worth $10,150,000 after acquiring an additional 298,114 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Gladstone Commercial by 7.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 730,497 shares of the real estate investment trust’s stock worth $7,794,000 after purchasing an additional 50,238 shares during the period. 45.51% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Commercial Price Performance

Shares of NASDAQ GOOD opened at $12.91 on Friday. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 5.43. Gladstone Commercial Corporation has a fifty-two week low of $10.33 and a fifty-two week high of $13.47. The business has a 50 day moving average price of $12.64 and a two-hundred day moving average price of $12.38. The firm has a market cap of $624.97 million, a PE ratio of 49.66 and a beta of 1.07.

Gladstone Commercial (NASDAQ:GOODGet Free Report) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The company had revenue of $43.99 million for the quarter, compared to analyst estimates of $42.18 million. Gladstone Commercial had a return on equity of 14.61% and a net margin of 14.55%. Sell-side analysts expect that Gladstone Commercial Corporation will post 1.39 earnings per share for the current fiscal year.

Gladstone Commercial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a $0.10 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date is Monday, September 21st. Gladstone Commercial’s payout ratio is 461.54%.

Analysts Set New Price Targets

Several research firms have recently weighed in on GOOD. Weiss Ratings raised Gladstone Commercial from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Huntington assumed coverage on shares of Gladstone Commercial in a research report on Wednesday, July 15th. They set a “market perform” rating and a $13.00 target price for the company. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $12.83.

View Our Latest Stock Analysis on Gladstone Commercial

Gladstone Commercial Profile

(Free Report)

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.

Further Reading

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

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