Hsbc Holdings PLC Invests $572,000 in Gladstone Commercial Corporation $GOOD

Hsbc Holdings PLC bought a new position in shares of Gladstone Commercial Corporation (NASDAQ:GOOD) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 49,703 shares of the real estate investment trust’s stock, valued at approximately $572,000. Hsbc Holdings PLC owned 0.10% of Gladstone Commercial as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of GOOD. Kestra Advisory Services LLC increased its holdings in Gladstone Commercial by 11.4% in the 1st quarter. Kestra Advisory Services LLC now owns 15,259 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 1,562 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in Gladstone Commercial by 12.9% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 54,009 shares of the real estate investment trust’s stock valued at $617,000 after acquiring an additional 6,164 shares during the period. Resona Asset Management Co. Ltd. boosted its holdings in shares of Gladstone Commercial by 7.7% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 22,326 shares of the real estate investment trust’s stock valued at $253,000 after acquiring an additional 1,595 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of Gladstone Commercial by 2.4% in the 1st quarter. Inspire Investing LLC now owns 44,891 shares of the real estate investment trust’s stock valued at $513,000 after acquiring an additional 1,043 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Gladstone Commercial in the 4th quarter valued at $110,000. Hedge funds and other institutional investors own 45.51% of the company’s stock.

Gladstone Commercial Price Performance

Shares of NASDAQ GOOD opened at $12.50 on Friday. The company has a debt-to-equity ratio of 5.13, a quick ratio of 4.03 and a current ratio of 4.03. The firm has a fifty day moving average of $12.59 and a 200 day moving average of $12.23. The firm has a market cap of $605.12 million, a PE ratio of 69.45 and a beta of 1.07. Gladstone Commercial Corporation has a one year low of $10.33 and a one year high of $13.47.

Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.30. Gladstone Commercial had a net margin of 12.74% and a return on equity of 12.11%. The business had revenue of $41.91 million for the quarter, compared to the consensus estimate of $42.94 million. As a group, research analysts predict that Gladstone Commercial Corporation will post 1.41 EPS for the current fiscal year.

Gladstone Commercial Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a c) dividend on an annualized basis and a dividend yield of 9.6%. Gladstone Commercial’s dividend payout ratio is presently 666.67%.

Analyst Upgrades and Downgrades

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

Gladstone Commercial 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.