Allianz Asset Management GmbH Takes Position in Gladstone Commercial Corporation $GOOD

Allianz Asset Management GmbH acquired a new stake in Gladstone Commercial Corporation (NASDAQ:GOOD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,376 shares of the real estate investment trust’s stock, valued at approximately $378,000. Allianz Asset Management GmbH owned 0.06% of Gladstone Commercial as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. New York State Teachers Retirement System purchased a new stake in shares of Gladstone Commercial in the first quarter worth about $26,000. Quarry LP boosted its stake in shares of Gladstone Commercial by 99.1% in the first quarter. Quarry LP now owns 5,928 shares of the real estate investment trust’s stock worth $89,000 after buying an additional 2,951 shares during the last quarter. Strs Ohio purchased a new stake in shares of Gladstone Commercial in the first quarter worth about $120,000. CWM LLC boosted its stake in shares of Gladstone Commercial by 530.5% in the second quarter. CWM LLC now owns 9,728 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 8,185 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Gladstone Commercial in the first quarter worth about $169,000. 45.51% of the stock is owned by institutional investors and hedge funds.

Gladstone Commercial Stock Performance

NASDAQ GOOD opened at $11.26 on Wednesday. The company has a market cap of $524.27 million, a PE ratio of 31.28, a price-to-earnings-growth ratio of 1.29 and a beta of 1.11. The stock’s 50 day simple moving average is $12.43 and its 200-day simple moving average is $13.45. Gladstone Commercial Corporation has a 1-year low of $11.20 and a 1-year high of $17.88. The company has a debt-to-equity ratio of 4.50, a current ratio of 2.91 and a quick ratio of 2.91.

Gladstone Commercial (NASDAQ:GOOD) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The business had revenue of $39.53 million for the quarter, compared to the consensus estimate of $38.32 million. Gladstone Commercial had a return on equity of 16.37% and a net margin of 18.67%. As a group, equities research analysts anticipate that Gladstone Commercial Corporation will post 1.45 EPS for the current fiscal year.

Gladstone Commercial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be given a dividend of $0.10 per share. The ex-dividend date is Monday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 10.7%. Gladstone Commercial’s dividend payout ratio (DPR) is presently 333.33%.

Analysts Set New Price Targets

GOOD has been the topic of a number of recent research reports. Zacks Research downgraded Gladstone Commercial from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Wall Street Zen downgraded Gladstone Commercial from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Gladstone Commercial in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Gladstone Commercial Profile

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.