Gladstone Commercial Corporation $GOOD Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in Gladstone Commercial Corporation (NASDAQ:GOOD) by 88.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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.

A number of other large investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in Gladstone Commercial in the 2nd quarter worth approximately $945,000. Allianz Asset Management GmbH purchased a new stake in Gladstone Commercial during the second quarter worth $378,000. Geode Capital Management LLC grew its position in 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 buying an additional 41,774 shares during the period. KLP Kapitalforvaltning AS increased its holdings in Gladstone Commercial by 69.6% in the second quarter. KLP Kapitalforvaltning AS now owns 11,700 shares of the real estate investment trust’s stock valued at $168,000 after buying an additional 4,800 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in Gladstone Commercial in the second quarter valued at $358,000. Hedge funds and other institutional investors own 45.51% of the company’s stock.

Insider Activity

In other news, CFO Gary Gerson acquired 7,600 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was purchased at an average price of $11.05 per share, with a total value of $83,980.00. Following the completion of the acquisition, the chief financial officer owned 23,200 shares of the company’s stock, valued at $256,360. This trade represents a 48.72% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have bought a total of 8,500 shares of company stock valued at $93,751 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Gladstone Commercial Stock Up 1.1%

Shares of GOOD opened at $11.65 on Friday. The stock has a 50 day moving average price of $11.02 and a 200 day moving average price of $11.93. Gladstone Commercial Corporation has a one year low of $10.33 and a one year high of $16.40. The company has a debt-to-equity ratio of 4.58, a quick ratio of 4.31 and a current ratio of 4.31. The stock has a market capitalization of $563.86 million, a price-to-earnings ratio of 64.72 and a beta of 1.11.

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

Gladstone Commercial Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Loop Capital set a $13.00 target price on Gladstone Commercial in a research report on Wednesday, November 5th. B. Riley reissued a “neutral” rating and issued a $11.00 price objective (down from $12.00) on shares of Gladstone Commercial in a report on Monday, November 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gladstone Commercial in a research note on Monday, December 29th. Finally, Zacks Research raised shares of Gladstone Commercial from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Gladstone Commercial presently has a consensus rating of “Hold” and an average target price of $12.00.

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.