Quantbot Technologies LP Takes $288,000 Position in Gladstone Commercial Corporation $GOOD

Key Points

• Quantbot Technologies LP acquired 19,240 shares of Gladstone Commercial Corporation, investing approximately $288,000, during the first quarter.
• Gladstone Commercial announced a dividend of $0.10 per share, with a significant annualized yield of 9.0%, to be paid on September 30th.
• Analyst recommendations for Gladstone Commercial show a recent downgrade from a "hold" to a "sell" rating, but the stock still has a consensus rating of "buy" and a price target of $15.00.

Quantbot Technologies LP purchased a new stake in shares of Gladstone Commercial Corporation (NASDAQ:GOOD - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 19,240 shares of the real estate investment trust's stock, valued at approximately $288,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. New York State Teachers Retirement System purchased a new position in shares of Gladstone Commercial during the first quarter valued at about $26,000. Lazard Asset Management LLC purchased a new position in shares of Gladstone Commercial during the fourth quarter valued at about $42,000. Quarry LP purchased a new position in shares of Gladstone Commercial during the fourth quarter valued at about $48,000. Ameriflex Group Inc. purchased a new position in shares of Gladstone Commercial during the fourth quarter valued at about $97,000. Finally, GAMMA Investing LLC increased its position in shares of Gladstone Commercial by 2,063.9% during the first quarter. GAMMA Investing LLC now owns 8,569 shares of the real estate investment trust's stock valued at $128,000 after buying an additional 8,173 shares during the period. Hedge funds and other institutional investors own 45.51% of the company's stock.

Gladstone Commercial Stock Down 1.0%

GOOD traded down $0.13 during midday trading on Tuesday, reaching $13.32. The company's stock had a trading volume of 313,300 shares, compared to its average volume of 305,430. The firm has a market capitalization of $620.18 million, a price-to-earnings ratio of 37.00, a PEG ratio of 1.50 and a beta of 1.16. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 4.50. Gladstone Commercial Corporation has a 1 year low of $12.67 and a 1 year high of $17.88. The stock's 50-day moving average is $13.62 and its 200-day moving average is $14.24.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.35 earnings per share for the quarter, hitting analysts' consensus estimates of $0.35. The business had revenue of $39.53 million for the quarter, compared to analysts' expectations of $38.32 million. Gladstone Commercial had a net margin of 18.67% and a return on equity of 16.37%. As a group, research analysts expect that Gladstone Commercial Corporation will post 1.45 EPS for the current year.

Gladstone Commercial Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 21st were issued a dividend of $0.10 per share. The ex-dividend date was Monday, July 21st. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%. Gladstone Commercial's dividend payout ratio is presently 333.33%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Gladstone Commercial from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Gladstone Commercial has an average rating of "Buy" and an average target price of $15.00.

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.