EMC Capital Management Increases Holdings in Gladstone Commercial Co. (NASDAQ:GOOD)

EMC Capital Management boosted its stake in shares of Gladstone Commercial Co. (NASDAQ:GOOD) by 374.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,840 shares of the real estate investment trust’s stock after buying an additional 27,502 shares during the period. EMC Capital Management’s holdings in Gladstone Commercial were worth $566,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in shares of Gladstone Commercial during the 2nd quarter worth $33,000. Central Pacific Bank Trust Division acquired a new stake in Gladstone Commercial during the first quarter worth about $64,000. PNC Financial Services Group Inc. raised its stake in Gladstone Commercial by 68.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,948 shares of the real estate investment trust’s stock worth $92,000 after purchasing an additional 2,828 shares during the period. Evermay Wealth Management LLC boosted its holdings in Gladstone Commercial by 82.4% in the 1st quarter. Evermay Wealth Management LLC now owns 7,690 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 3,475 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Gladstone Commercial in the 1st quarter valued at approximately $113,000. 45.51% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Commercial Stock Down 1.1 %

Shares of NASDAQ GOOD opened at $15.57 on Friday. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 4.95. The business’s 50 day moving average is $15.85 and its two-hundred day moving average is $14.82. Gladstone Commercial Co. has a 52-week low of $11.40 and a 52-week high of $16.61. The firm has a market cap of $662.19 million, a price-to-earnings ratio of -389.25, a PEG ratio of 1.89 and a beta of 1.21.

Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.37). Gladstone Commercial had a net margin of 7.90% and a return on equity of 7.34%. The firm had revenue of $37.06 million during the quarter, compared to analysts’ expectations of $35.89 million. During the same quarter in the prior year, the firm posted $0.41 EPS. Research analysts predict that Gladstone Commercial Co. will post 1.4 EPS for the current year.

Gladstone Commercial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.20 annualized dividend and a dividend yield of 7.71%. Gladstone Commercial’s dividend payout ratio is presently -3,000.00%.

Analysts Set New Price Targets

A number of research analysts recently commented on GOOD shares. StockNews.com cut Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. B. Riley reaffirmed a “neutral” rating and issued a $15.00 price target (up previously from $13.50) on shares of Gladstone Commercial in a research note on Thursday, October 10th. Finally, Canaccord Genuity Group raised Gladstone Commercial to a “strong-buy” rating in a research report on Friday, October 4th.

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.