Mirae Asset Global Investments Co. Ltd. Buys 509,133 Shares of Gladstone Commercial Co. (NASDAQ:GOOD)

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Gladstone Commercial Co. (NASDAQ:GOOD) by 2,656.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 528,301 shares of the real estate investment trust’s stock after acquiring an additional 509,133 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 1.32% of Gladstone Commercial worth $6,995,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. First Citizens Bank & Trust Co. bought a new stake in Gladstone Commercial during the fourth quarter worth approximately $161,000. Invesco Ltd. increased its stake in Gladstone Commercial by 2.3% during the third quarter. Invesco Ltd. now owns 771,704 shares of the real estate investment trust’s stock worth $9,384,000 after acquiring an additional 17,436 shares during the last quarter. Portside Wealth Group LLC bought a new stake in Gladstone Commercial during the second quarter worth approximately $256,000. Samalin Investment Counsel LLC increased its stake in Gladstone Commercial by 4.2% during the third quarter. Samalin Investment Counsel LLC now owns 41,344 shares of the real estate investment trust’s stock worth $503,000 after acquiring an additional 1,685 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in Gladstone Commercial by 6.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 44,900 shares of the real estate investment trust’s stock worth $546,000 after acquiring an additional 2,800 shares during the last quarter. 45.51% of the stock is owned by institutional investors.

Gladstone Commercial Trading Down 1.0 %

GOOD opened at $13.21 on Friday. The stock has a market cap of $532.50 million, a price-to-earnings ratio of -60.05, a P/E/G ratio of 1.61 and a beta of 1.15. The stock’s 50 day moving average price is $13.00 and its 200-day moving average price is $12.81. Gladstone Commercial Co. has a one year low of $10.84 and a one year high of $14.14. The company has a debt-to-equity ratio of 4.79, a quick ratio of 3.90 and a current ratio of 3.90.

Gladstone Commercial (NASDAQ:GOOD) last released its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.31). The business had revenue of $35.91 million for the quarter, compared to the consensus estimate of $36.80 million. Gladstone Commercial had a net margin of 2.82% and a return on equity of 2.36%. On average, equities analysts forecast that Gladstone Commercial Co. will post 1.38 EPS for the current year.

Gladstone Commercial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a $0.10 dividend. The ex-dividend date is Thursday, May 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.08%. Gladstone Commercial’s payout ratio is -545.45%.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners started coverage on Gladstone Commercial in a research note on Monday, March 18th. They set a “buy” rating and a $15.50 target price on the stock.

About Gladstone Commercial

Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock.