Ieq Capital LLC Purchases New Holdings in Gladstone Commercial Corporation $GOOD

Ieq Capital LLC acquired a new position in Gladstone Commercial Corporation (NASDAQ:GOOD) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 67,469 shares of the real estate investment trust’s stock, valued at approximately $830,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Callan Family Office LLC bought a new position in Gladstone Commercial in the second quarter worth $202,000. BlackRock Inc. acquired a new stake in shares of Gladstone Commercial during the 2nd quarter valued at about $55,101,000. Deutsche Bank AG bought a new stake in Gladstone Commercial in the second quarter valued at about $758,000. Trust Co. of Vermont acquired a new position in Gladstone Commercial in the second quarter worth about $40,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Gladstone Commercial during the second quarter worth about $528,000. 45.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Gladstone Commercial in a research note on Monday. Huntington initiated coverage on Gladstone Commercial in a research report on Wednesday, July 15th. They issued a “market perform” rating and a $13.00 price target on the stock. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $12.83.

Gladstone Commercial Stock Performance

NASDAQ GOOD opened at $12.98 on Friday. Gladstone Commercial Corporation has a 1-year low of $10.33 and a 1-year high of $13.47. The company has a 50 day moving average of $12.71 and a 200-day moving average of $12.42. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 5.43. The firm has a market cap of $628.34 million, a price-to-earnings ratio of 49.92 and a beta of 1.07.

Gladstone Commercial (NASDAQ:GOOD) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.11 EPS for the quarter, topping the consensus estimate of $0.04 by $0.07. The business had revenue of $43.99 million for the quarter, compared to the consensus estimate of $42.18 million. Gladstone Commercial had a return on equity of 14.61% and a net margin of 14.55%. On average, equities analysts forecast that Gladstone Commercial Corporation will post 1.39 earnings per share for the current fiscal year.

Gladstone Commercial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a dividend of $0.10 per share. This represents a c) annualized dividend and a dividend yield of 9.2%. The ex-dividend date is Monday, September 21st. Gladstone Commercial’s dividend payout ratio is presently 461.54%.

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.