State of New Jersey Common Pension Fund D Raises Stock Holdings in Gladstone Commercial Corporation $GOOD

State of New Jersey Common Pension Fund D boosted its position in Gladstone Commercial Corporation (NASDAQ:GOOD) by 64.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 225,246 shares of the real estate investment trust’s stock after purchasing an additional 88,467 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.48% of Gladstone Commercial worth $2,775,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Loomis Sayles & Co. L P grew its position in shares of Gladstone Commercial by 249.7% in the 2nd quarter. Loomis Sayles & Co. L P now owns 1,759 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 1,256 shares during the period. EverSource Wealth Advisors LLC boosted its stake 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 acquiring an additional 1,578 shares in the last quarter. New York State Teachers Retirement System grew its holdings in Gladstone Commercial by 142.6% in the third quarter. New York State Teachers Retirement System now owns 4,148 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 2,438 shares during the period. BNP Paribas Financial Markets grew its holdings in Gladstone Commercial by 67.2% in the second quarter. BNP Paribas Financial Markets now owns 4,189 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 1,684 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of Gladstone Commercial by 199.2% during the second quarter. Tower Research Capital LLC TRC now owns 4,354 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 2,899 shares in the last quarter. Institutional investors own 45.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GOOD. Wall Street Zen raised Gladstone Commercial from a “sell” rating to a “hold” rating in a research report on Saturday. B. Riley Financial reissued a “neutral” rating and issued a $11.00 target price (down from $12.00) on shares of Gladstone Commercial in a report on Monday, November 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of Gladstone Commercial in a research note on Monday, December 29th. Zacks Research raised Gladstone Commercial from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Finally, Loop Capital set a $13.00 price target on shares of Gladstone Commercial in a research note on Wednesday, November 5th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.00.

Gladstone Commercial Price Performance

NASDAQ GOOD opened at $12.55 on Friday. Gladstone Commercial Corporation has a one year low of $10.33 and a one year high of $16.40. The stock has a 50-day moving average of $11.27 and a 200 day moving average of $11.75. The company has a debt-to-equity ratio of 4.92, a quick ratio of 4.31 and a current ratio of 5.36. The company has a market capitalization of $607.55 million, a price-to-earnings ratio of 89.64 and a beta of 1.11.

Gladstone Commercial (NASDAQ:GOOD) last posted its earnings results on Wednesday, February 18th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.31). Gladstone Commercial had a net margin of 11.95% and a return on equity of 10.75%. The company had revenue of $43.46 million for the quarter, compared to the consensus estimate of $41.23 million. On average, sell-side analysts forecast that Gladstone Commercial Corporation will post 1.45 EPS for the current year.

Gladstone Commercial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be issued a $0.10 dividend. The ex-dividend date is Monday, March 23rd. This represents a c) annualized dividend and a yield of 9.6%. Gladstone Commercial’s dividend payout ratio (DPR) is currently 857.14%.

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.