XML Financial LLC Cuts Position in Gladstone Commercial Corporation $GOOD

XML Financial LLC lowered its holdings in Gladstone Commercial Corporation (NASDAQ:GOOD) by 19.7% in the first quarter, Holdings Channel.com reports. The fund owned 190,937 shares of the real estate investment trust’s stock after selling 46,752 shares during the quarter. XML Financial LLC’s holdings in Gladstone Commercial were worth $2,182,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in shares of Gladstone Commercial by 56.8% in the third quarter. JPMorgan Chase & Co. now owns 336,791 shares of the real estate investment trust’s stock valued at $4,149,000 after purchasing an additional 122,047 shares during the period. SG Americas Securities LLC boosted its holdings in Gladstone Commercial by 700.1% during the fourth quarter. SG Americas Securities LLC now owns 69,383 shares of the real estate investment trust’s stock worth $740,000 after buying an additional 60,711 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in Gladstone Commercial by 17.9% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 265,494 shares of the real estate investment trust’s stock worth $2,833,000 after buying an additional 40,248 shares during the period. EverSource Wealth Advisors LLC grew its position in Gladstone Commercial by 751.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,788 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 1,578 shares during the period. Finally, Invesco Ltd. increased its holdings in Gladstone Commercial by 10.7% in the second quarter. Invesco Ltd. now owns 694,748 shares of the real estate investment trust’s stock valued at $9,956,000 after buying an additional 67,289 shares in the last quarter. 45.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on GOOD shares. Weiss Ratings upgraded shares of Gladstone Commercial from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. B. Riley Financial restated a “neutral” rating and issued a $12.50 price target (up from $11.00) on shares of Gladstone Commercial in a report on Tuesday, February 24th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $12.75.

Gladstone Commercial Stock Performance

Shares of GOOD stock opened at $12.07 on Monday. The stock has a market cap of $584.31 million, a P/E ratio of 67.06 and a beta of 1.08. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 5.13. Gladstone Commercial Corporation has a fifty-two week low of $10.33 and a fifty-two week high of $14.65. The business has a fifty day simple moving average of $12.55 and a 200-day simple moving average of $11.86.

Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.35 EPS for the quarter, topping the consensus estimate of $0.05 by $0.30. Gladstone Commercial had a net margin of 12.74% and a return on equity of 12.11%. The business had revenue of $41.91 million for the quarter, compared to analyst estimates of $42.94 million. On average, analysts forecast that Gladstone Commercial Corporation will post 1.41 earnings per share for the current fiscal year.

Gladstone Commercial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be issued a dividend of $0.10 per share. This represents a c) annualized dividend and a yield of 9.9%. The ex-dividend date is Tuesday, June 23rd. Gladstone Commercial’s dividend payout ratio (DPR) is 666.67%.

Gladstone Commercial Company Profile

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.