SG Americas Securities LLC Lowers Holdings in Gladstone Commercial Corporation $GOOD

SG Americas Securities LLC lowered its holdings in Gladstone Commercial Corporation (NASDAQ:GOOD) by 88.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,672 shares of the real estate investment trust’s stock after selling 66,166 shares during the quarter. SG Americas Securities LLC’s holdings in Gladstone Commercial were worth $107,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new stake in shares of Gladstone Commercial during the 2nd quarter worth about $945,000. Allianz Asset Management GmbH purchased a new position in Gladstone Commercial during the second quarter worth about $378,000. Geode Capital Management LLC increased its position in shares of Gladstone Commercial by 3.5% during 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. KLP Kapitalforvaltning AS raised its stake in shares of Gladstone Commercial by 69.6% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 11,700 shares of the real estate investment trust’s stock valued at $168,000 after acquiring an additional 4,800 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Gladstone Commercial during the 2nd quarter worth approximately $358,000. Institutional investors and hedge funds own 45.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on GOOD shares. Loop Capital set a $13.00 target price on Gladstone Commercial in a research report on Wednesday, November 5th. B. Riley reiterated a “neutral” rating and issued a $11.00 price objective (down previously from $12.00) on shares of Gladstone Commercial in a report on Monday, November 24th. Weiss Ratings restated a “hold (c-)” rating on shares of Gladstone Commercial in a report on Monday, December 29th. Finally, Zacks Research raised Gladstone Commercial from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Three 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 price target of $12.00.

Insiders Place Their Bets

In other news, CFO Gary Gerson purchased 7,600 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was bought at an average price of $11.05 per share, for a total transaction of $83,980.00. Following the completion of the purchase, the chief financial officer directly owned 23,200 shares of the company’s stock, 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 link. Insiders have purchased a total of 8,500 shares of company stock valued at $93,751 over the last 90 days. 1.40% of the stock is owned by company insiders.

Gladstone Commercial Stock Up 1.1%

Shares of NASDAQ GOOD opened at $11.65 on Friday. The stock has a market cap of $563.86 million, a P/E ratio of 64.72 and a beta of 1.11. The business’s fifty day simple moving average is $11.02 and its 200-day simple moving average is $11.93. Gladstone Commercial Corporation has a 12-month low of $10.33 and a 12-month high of $16.40. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 4.58.

Gladstone Commercial (NASDAQ:GOOD) last released its earnings results on Monday, November 3rd. The real estate investment trust reported $0.35 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.04). The company had revenue of $40.84 million for the quarter, compared to analyst estimates of $40.10 million. Gladstone Commercial had a return on equity of 11.77% and a net margin of 13.59%. As a group, equities analysts predict that Gladstone Commercial Corporation will post 1.45 EPS for the current fiscal year.

Gladstone Commercial Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be paid a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date is Monday, March 23rd. Gladstone Commercial’s dividend payout ratio is presently 666.67%.

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.