Gladstone Commercial Co. (GOOD) Holdings Boosted by Daiwa Securities Group Inc.

Gladstone Commercial Co. (GOOD) Holdings Boosted by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its stake in shares of Gladstone Commercial Co. (NASDAQ:GOOD) by 29.7% during the first quarter, Holdings Channel reports. The institutional investor owned 4,800 shares of the real estate investment trust’s stock after acquiring an additional 1,100 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Gladstone Commercial were worth $100,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of GOOD. Bank of New York Mellon Corp boosted its holdings in shares of Gladstone Commercial by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 235,076 shares of the real estate investment trust’s stock valued at $4,503,000 after buying an additional 2,593 shares in the last quarter. Martingale Asset Management L P boosted its holdings in shares of Gladstone Commercial by 62.6% in the 3rd quarter. Martingale Asset Management L P now owns 107,513 shares of the real estate investment trust’s stock valued at $2,059,000 after buying an additional 41,401 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Gladstone Commercial by 1.1% in the 3rd quarter. BlackRock Inc. now owns 2,184,005 shares of the real estate investment trust’s stock valued at $41,823,000 after buying an additional 24,547 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Gladstone Commercial by 2.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 405,552 shares of the real estate investment trust’s stock valued at $7,766,000 after buying an additional 8,150 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Gladstone Commercial by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 158,939 shares of the real estate investment trust’s stock valued at $3,044,000 after buying an additional 11,368 shares in the last quarter. Hedge funds and other institutional investors own 51.78% of the company’s stock.

Several research analysts have recently issued reports on GOOD shares. ValuEngine upgraded shares of Gladstone Commercial from a “hold” rating to a “buy” rating in a report on Friday, February 15th. Zacks Investment Research upgraded shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a report on Saturday, January 26th. BidaskClub cut shares of Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 28th. Finally, Boenning Scattergood restated a “buy” rating and issued a $21.00 target price on shares of Gladstone Commercial in a report on Thursday, February 14th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $21.63.

Shares of Gladstone Commercial stock opened at $21.68 on Friday. Gladstone Commercial Co. has a 12-month low of $16.89 and a 12-month high of $22.83. The company has a quick ratio of 14.94, a current ratio of 14.94 and a debt-to-equity ratio of 2.14. The firm has a market capitalization of $656.71 million, a PE ratio of 13.64, a P/E/G ratio of 2.69 and a beta of 0.91.

Gladstone Commercial (NASDAQ:GOOD) last issued its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.34). The company had revenue of $28.14 million during the quarter, compared to analyst estimates of $27.69 million. Gladstone Commercial had a net margin of 11.41% and a return on equity of 4.90%. As a group, research analysts expect that Gladstone Commercial Co. will post 1.62 earnings per share for the current year.

The firm also recently declared a monthly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 22nd were paid a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a yield of 6.92%. The ex-dividend date of this dividend was Thursday, April 18th. Gladstone Commercial’s dividend payout ratio is currently 94.34%.

About Gladstone Commercial

Gladstone Commercial Corp. is a real estate investment trust, which engages in the acquisition, investmen,t and ownership of net leased industrial, commercial, and retail real properties. Its portfolio consists of single-tenant commercial and industrial real properties. The company was founded by David John Gladstone on February 14, 2003 and is headquartered in McLean, VA.

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