Allianz Asset Management GmbH boosted its position in shares of Gladstone Commercial Co. (NASDAQ:GOOD) by 79.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,820 shares of the real estate investment trust’s stock after purchasing an additional 61,475 shares during the period. Allianz Asset Management GmbH owned approximately 0.50% of Gladstone Commercial worth $2,924,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOD. The Manufacturers Life Insurance Company grew its holdings in Gladstone Commercial by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,662 shares of the real estate investment trust’s stock worth $472,000 after acquiring an additional 1,336 shares in the last quarter. Commonwealth Equity Services Inc grew its holdings in Gladstone Commercial by 13.8% during the 3rd quarter. Commonwealth Equity Services Inc now owns 28,449 shares of the real estate investment trust’s stock worth $633,000 after acquiring an additional 3,460 shares in the last quarter. Stifel Financial Corp grew its holdings in Gladstone Commercial by 12.2% during the 3rd quarter. Stifel Financial Corp now owns 32,268 shares of the real estate investment trust’s stock worth $715,000 after acquiring an additional 3,502 shares in the last quarter. California Public Employees Retirement System grew its holdings in Gladstone Commercial by 11.7% during the 3rd quarter. California Public Employees Retirement System now owns 35,173 shares of the real estate investment trust’s stock worth $783,000 after acquiring an additional 3,673 shares in the last quarter. Finally, Swiss National Bank grew its holdings in Gladstone Commercial by 10.3% during the 4th quarter. Swiss National Bank now owns 47,100 shares of the real estate investment trust’s stock worth $992,000 after acquiring an additional 4,400 shares in the last quarter. 53.74% of the stock is owned by institutional investors and hedge funds.
In other Gladstone Commercial news, CEO David Gladstone purchased 17,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was acquired at an average cost of $17.50 per share, with a total value of $297,500.00. Following the acquisition, the chief executive officer now owns 466,564 shares of the company’s stock, valued at approximately $8,164,870. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders bought a total of 21,200 shares of company stock valued at $373,196 over the last ninety days. Company insiders own 2.21% of the company’s stock.
GOOD stock opened at $17.62 on Wednesday. Gladstone Commercial Co. has a fifty-two week low of $16.78 and a fifty-two week high of $23.35. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market cap of $520.09, a PE ratio of -103.64, a PEG ratio of 1.92 and a beta of 0.83.
Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.54). Gladstone Commercial had a net margin of 6.26% and a return on equity of 2.36%. The business had revenue of $25.25 million during the quarter, compared to analyst estimates of $24.24 million. analysts anticipate that Gladstone Commercial Co. will post 1.59 earnings per share for the current fiscal year.
The firm also recently declared a monthly dividend, which will be paid on Friday, March 30th. Stockholders of record on Tuesday, March 20th will be issued a $0.125 dividend. This represents a $1.50 annualized dividend and a dividend yield of 8.51%. The ex-dividend date is Monday, March 19th. Gladstone Commercial’s dividend payout ratio (DPR) is presently -882.30%.
Several research analysts have weighed in on GOOD shares. BidaskClub lowered shares of Gladstone Commercial from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. Zacks Investment Research raised shares of Gladstone Commercial from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Friday, January 12th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Gladstone Commercial in a report on Friday, December 1st. Hilliard Lyons raised shares of Gladstone Commercial from a “neutral” rating to a “long” rating in a report on Friday, February 16th. Finally, B. Riley started coverage on shares of Gladstone Commercial in a report on Thursday, February 8th. They set a “neutral” rating and a $19.00 price objective for the company. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Gladstone Commercial currently has an average rating of “Hold” and a consensus price target of $21.50.
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Gladstone Commercial Company Profile
Gladstone Commercial Corporation is a real estate investment trust. The Company focuses on acquiring, owning and managing primarily office and industrial properties. The Company also makes long-term industrial and commercial mortgage loans. As of February 15, 2017, the Company owned 95 properties totaling 10.9 million square feet in 24 states.
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