SG Americas Securities LLC Sells 8,603 Shares of Gladstone Commercial Corporation $GOOD

SG Americas Securities LLC lessened its stake in shares of Gladstone Commercial Corporation (NASDAQ:GOOD) by 10.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,838 shares of the real estate investment trust’s stock after selling 8,603 shares during the period. SG Americas Securities LLC owned 0.16% of Gladstone Commercial worth $1,072,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey increased its holdings in Gladstone Commercial by 20.8% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 10,354 shares of the real estate investment trust’s stock valued at $148,000 after buying an additional 1,783 shares during the period. Geode Capital Management LLC increased its stake in Gladstone Commercial by 3.5% in the second quarter. Geode Capital Management LLC now owns 1,219,393 shares of the real estate investment trust’s stock valued at $17,476,000 after acquiring an additional 41,774 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in Gladstone Commercial during the second quarter valued at approximately $269,000. Penserra Capital Management LLC raised its position in Gladstone Commercial by 13.2% during the second quarter. Penserra Capital Management LLC now owns 74,056 shares of the real estate investment trust’s stock valued at $1,061,000 after purchasing an additional 8,639 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Gladstone Commercial during the second quarter worth $358,000. 45.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Gladstone Commercial

In related news, CFO Gary Gerson bought 7,600 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The shares were acquired at an average cost of $11.05 per share, with a total value of $83,980.00. Following the completion of the purchase, the chief financial officer directly owned 23,200 shares in the company, valued at $256,360. The trade was a 48.72% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have acquired 8,500 shares of company stock valued at $93,751. Insiders own 1.40% of the company’s stock.

Gladstone Commercial Stock Up 2.3%

Shares of GOOD opened at $10.81 on Friday. The company has a market capitalization of $523.21 million, a PE ratio of 30.03, a PEG ratio of 1.26 and a beta of 1.11. Gladstone Commercial Corporation has a 12 month low of $10.47 and a 12 month high of $17.88. The stock’s 50-day moving average price is $11.65 and its two-hundred day moving average price is $13.07. 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 (NASDAQ:GOOD) last released its earnings results on Monday, November 3rd. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). Gladstone Commercial had a net margin of 18.67% and a return on equity of 16.37%. The firm had revenue of $40.84 million for the quarter, compared to analyst estimates of $40.10 million. On average, analysts anticipate that Gladstone Commercial Corporation will post 1.45 EPS for the current year.

Gladstone Commercial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a c) annualized dividend and a dividend yield of 11.1%. Gladstone Commercial’s dividend payout ratio (DPR) is 666.67%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wall Street Zen lowered Gladstone Commercial from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Loop Capital set a $13.00 price target on shares of Gladstone Commercial in a research note on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Gladstone Commercial in a research report on Wednesday. Finally, Zacks Research downgraded shares of Gladstone Commercial from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Gladstone Commercial has a consensus rating of “Reduce” and a consensus target price of $13.00.

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.