UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in Gladstone Commercial Corporation $GOOD

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Gladstone Commercial Corporation (NASDAQ:GOOD) by 11,990.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 80,282 shares of the real estate investment trust’s stock after buying an additional 79,618 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Gladstone Commercial were worth $987,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. International Assets Investment Management LLC acquired a new position in Gladstone Commercial during the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC grew its position in Gladstone Commercial by 751.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,788 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 1,578 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Gladstone Commercial in the third quarter valued at approximately $34,000. Parallel Advisors LLC raised its stake in shares of Gladstone Commercial by 71.1% during the third quarter. Parallel Advisors LLC now owns 2,811 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,168 shares during the period. Finally, Trust Co. of Vermont purchased a new stake in shares of Gladstone Commercial during the second quarter valued at approximately $40,000. 45.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Huntington started coverage on shares of Gladstone Commercial in a research note on Wednesday, July 15th. They issued a “market perform” rating and a $13.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gladstone Commercial in a research note on Monday, August 24th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Gladstone Commercial currently has an average rating of “Hold” and an average price target of $12.83.

Gladstone Commercial Price Performance

Shares of GOOD opened at $12.71 on Friday. Gladstone Commercial Corporation has a one year low of $10.33 and a one year high of $13.28. The stock’s fifty day moving average is $12.86 and its 200-day moving average is $12.51. The company has a debt-to-equity ratio of 5.43, a quick ratio of 3.72 and a current ratio of 3.72. The firm has a market capitalization of $615.29 million, a price-to-earnings ratio of 48.89 and a beta of 1.08.

Gladstone Commercial (NASDAQ:GOOD) last announced its earnings results 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 net margin of 14.55% and a return on equity of 14.61%. The firm had revenue of $43.99 million during the quarter, compared to analyst estimates of $42.18 million. Equities analysts anticipate that Gladstone Commercial Corporation will post 1.37 EPS for the current 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 given a $0.10 dividend. This represents a c) dividend on an annualized basis and a yield of 9.4%. The ex-dividend date is Monday, September 21st. Gladstone Commercial’s dividend payout ratio is 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.