4,479,792 Shares in Gladstone Commercial Corporation $GOOD Purchased by BlackRock Inc.

Key Points

• BlackRock acquired 4.48 million Gladstone Commercial shares worth approximately $55.1 million, giving it a 9.25% stake; institutional investors collectively own 45.51% of the REIT.
• Analysts maintain a cautious outlook, with an average “Hold” rating and a consensus price target of $12.83. The stock recently traded at $12.97, near its 52-week high of $13.47.
• Gladstone Commercial exceeded quarterly earnings expectations, reporting $0.11 in EPS versus $0.04 expected, and declared a monthly dividend of $0.10 per share, representing an approximately 9.3% annualized yield.

BlackRock Inc. purchased a new stake in shares of Gladstone Commercial Corporation (NASDAQ:GOOD - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 4,479,792 shares of the real estate investment trust's stock, valued at approximately $55,101,000. BlackRock Inc. owned about 9.25% of Gladstone Commercial at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of Gladstone Commercial in the fourth quarter worth approximately $25,000. EverSource Wealth Advisors LLC boosted its holdings in Gladstone Commercial by 751.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,788 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 1,578 shares during the period. Danske Bank A S bought a new position in Gladstone Commercial in the 4th quarter valued at $30,000. Advisory Services Network LLC bought a new stake in shares of Gladstone Commercial during the third quarter worth $34,000. Finally, Parallel Advisors LLC lifted its position in shares of Gladstone Commercial by 71.1% during the third quarter. Parallel Advisors LLC now owns 2,811 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 1,168 shares during the last quarter. Institutional investors own 45.51% of the company's stock.

Analysts Set New Price Targets

GOOD has been the subject of a number of recent analyst reports. Huntington initiated coverage on shares of Gladstone Commercial in a research note on Wednesday, July 15th. They set a "market perform" rating and a $13.00 target price for the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Gladstone Commercial in a report on Monday, August 24th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $12.83.

Gladstone Commercial Trading Down 0.3%

Shares of NASDAQ GOOD opened at $12.97 on Tuesday. Gladstone Commercial Corporation has a 1-year low of $10.33 and a 1-year high of $13.47. The stock has a market capitalization of $627.88 million, a P/E ratio of 49.89 and a beta of 1.06. The company has a debt-to-equity ratio of 5.43, a current ratio of 3.72 and a quick ratio of 3.72. The business has a fifty day moving average price of $12.75 and a 200 day moving average price of $12.44.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.07. The firm had revenue of $43.99 million for the quarter, compared to the consensus estimate of $42.18 million. Gladstone Commercial had a return on equity of 14.61% and a net margin of 14.55%. Equities research analysts expect that Gladstone Commercial Corporation will post 1.39 EPS for the current fiscal year.

Gladstone Commercial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a $0.10 dividend. This represents a c) annualized dividend and a yield of 9.3%. The ex-dividend date is Monday, September 21st. Gladstone Commercial's dividend payout ratio is 461.54%.

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.

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