International Assets Investment Management LLC Boosts Stock Holdings in Gladstone Commercial Co. (NASDAQ:GOOD)

International Assets Investment Management LLC lifted its holdings in shares of Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) by 1,524.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,644 shares of the real estate investment trust's stock after buying an additional 35,326 shares during the period. International Assets Investment Management LLC owned about 0.09% of Gladstone Commercial worth $611,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Freestone Capital Holdings LLC bought a new position in Gladstone Commercial in the first quarter valued at about $1,107,000. GSA Capital Partners LLP grew its holdings in Gladstone Commercial by 436.0% during the 1st quarter. GSA Capital Partners LLP now owns 94,043 shares of the real estate investment trust's stock worth $1,302,000 after acquiring an additional 76,499 shares during the last quarter. Vanguard Group Inc. increased its position in Gladstone Commercial by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 4,046,166 shares of the real estate investment trust's stock valued at $55,999,000 after acquiring an additional 53,802 shares during the period. Renaissance Technologies LLC raised its stake in shares of Gladstone Commercial by 2.5% during the second quarter. Renaissance Technologies LLC now owns 1,410,120 shares of the real estate investment trust's stock valued at $20,122,000 after acquiring an additional 34,400 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new position in shares of Gladstone Commercial during the first quarter worth $64,000. 45.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GOOD. StockNews.com cut shares of Gladstone Commercial from a "buy" rating to a "hold" rating in a research report on Wednesday, August 7th. B. Riley restated a "neutral" rating and set a $15.00 target price (up previously from $13.50) on shares of Gladstone Commercial in a research report on Thursday, October 10th. Finally, Canaccord Genuity Group upgraded Gladstone Commercial to a "strong-buy" rating in a report on Friday, October 4th.

Gladstone Commercial Stock Performance

GOOD traded down $0.09 during trading hours on Wednesday, hitting $16.95. The stock had a trading volume of 537,450 shares, compared to its average volume of 243,422. The stock has a market cap of $720.88 million, a PE ratio of -423.75, a price-to-earnings-growth ratio of 1.85 and a beta of 1.21. Gladstone Commercial Co. has a 1 year low of $11.40 and a 1 year high of $17.53. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 4.95. The company's fifty day simple moving average is $15.95 and its 200 day simple moving average is $14.91.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.37). Gladstone Commercial had a net margin of 7.90% and a return on equity of 7.34%. The business had revenue of $37.06 million for the quarter, compared to the consensus estimate of $35.89 million. During the same period in the prior year, the business posted $0.41 EPS. Equities analysts anticipate that Gladstone Commercial Co. will post 1.4 earnings per share for the current year.

Gladstone Commercial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, December 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.08%. Gladstone Commercial's dividend payout ratio is -3,000.00%.

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.