Man Group plc Buys Shares of 82,796 Gladstone Commercial Corporation $GOOD

Key Points

• Man Group plc purchased 82,796 shares of Gladstone Commercial during the second quarter, valued at approximately $1.02 million and representing about 0.17% of the REIT. Institutional investors collectively own 45.51% of the company.
• Analysts maintain a broadly neutral outlook, with a consensus “Hold” rating and an average price target of $12.83. Huntington initiated coverage with a $13.00 target.
• Gladstone Commercial reported quarterly EPS of $0.11, exceeding the $0.04 estimate, on revenue of $43.99 million. The company also declared a $0.10 monthly dividend, implying an annualized yield of about 9.2%.

Man Group plc purchased a new position in shares of Gladstone Commercial Corporation (NASDAQ:GOOD - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 82,796 shares of the real estate investment trust's stock, valued at approximately $1,018,000. Man Group plc owned about 0.17% of Gladstone Commercial at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in Gladstone Commercial by 1.6% during the 1st quarter. AQR Capital Management LLC now owns 121,125 shares of the real estate investment trust's stock worth $1,814,000 after buying an additional 1,907 shares during the period. Millennium Management LLC increased its position in Gladstone Commercial by 525.8% in the 1st quarter. Millennium Management LLC now owns 256,182 shares of the real estate investment trust's stock valued at $3,838,000 after acquiring an additional 215,245 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Gladstone Commercial during the first quarter valued at $205,000. Jane Street Group LLC acquired a new position in shares of Gladstone Commercial during the first quarter worth $1,805,000. Finally, Strs Ohio acquired a new position in shares of Gladstone Commercial during the first quarter worth $120,000. Institutional investors and hedge funds own 45.51% of the company's stock.

Analysts Set New Price Targets

GOOD has been the subject of a number of recent research reports. Weiss Ratings restated a "hold (c)" rating on shares of Gladstone Commercial in a report on Monday, August 24th. Huntington assumed coverage on Gladstone Commercial in a research report on Wednesday, July 15th. They issued a "market perform" rating and a $13.00 price target on the stock. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Gladstone Commercial has a consensus rating of "Hold" and a consensus target price of $12.83.

Gladstone Commercial Stock Up 0.2%

Shares of NASDAQ GOOD opened at $13.02 on Friday. The company has a market capitalization of $630.30 million, a P/E ratio of 50.08 and a beta of 1.08. Gladstone Commercial Corporation has a 52-week low of $10.33 and a 52-week high of $13.37. The company has a debt-to-equity ratio of 5.43, a quick ratio of 3.72 and a current ratio of 3.72. The company's 50 day moving average price is $12.80 and its 200-day moving average price is $12.47.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $43.99 million during the quarter, compared to analysts' expectations of $42.18 million. Gladstone Commercial had a net margin of 14.55% and a return on equity of 14.61%. Equities analysts forecast that Gladstone Commercial Corporation will post 1.39 earnings per share for the current year.

Gladstone Commercial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a $0.10 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date of this dividend is Monday, September 21st. Gladstone Commercial's payout ratio is currently 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.

Want to see what other hedge funds are holding GOOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gladstone Commercial Corporation (NASDAQ:GOOD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source