54,834 Shares in Gladstone Commercial Corporation $GOOD Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in shares of Gladstone Commercial Corporation (NASDAQ:GOOD) during the second quarter, according to its most recent filing with the SEC. The fund acquired 54,834 shares of the real estate investment trust’s stock, valued at approximately $674,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Gladstone Commercial in the second quarter worth $55,101,000. Goldman Sachs Group Inc. lifted its position in Gladstone Commercial by 211.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 521,090 shares of the real estate investment trust’s stock worth $5,560,000 after buying an additional 353,525 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of Gladstone Commercial by 56.7% in the 3rd 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. Invesco Ltd. boosted its position in Gladstone Commercial by 33.6% during the third quarter. Invesco Ltd. now owns 928,241 shares of the real estate investment trust’s stock valued at $11,436,000 after buying an additional 233,493 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Gladstone Commercial during the 2nd quarter valued at about $2,648,000. 45.51% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Commercial Stock Performance

Shares of NASDAQ GOOD opened at $12.86 on Thursday. 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 capitalization of $622.55 million, a price-to-earnings ratio of 49.46 and a beta of 1.08. Gladstone Commercial Corporation has a 12-month low of $10.33 and a 12-month high of $13.28. The firm has a 50 day moving average of $12.85 and a 200 day moving average of $12.51.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings data 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. Gladstone Commercial had a return on equity of 14.61% and a net margin of 14.55%.The company had revenue of $43.99 million during the quarter, compared to the consensus estimate of $42.18 million. On average, research analysts anticipate that Gladstone Commercial Corporation will post 1.39 earnings per share for the current year.

Gladstone Commercial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a $0.10 dividend. 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 9.3%. Gladstone Commercial’s dividend payout ratio is 461.54%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Gladstone Commercial in a report on Monday, August 24th. Huntington initiated 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 on the stock. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.83.

About Gladstone Commercial

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.