Man Group plc Invests $1.02 Million in Gladstone Commercial Corporation $GOOD

Man Group plc bought a new stake in shares of Gladstone Commercial Corporation (NASDAQ:GOOD) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 82,796 shares of the real estate investment trust’s stock, valued at approximately $1,018,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Jupiter Topco LLC bought a new stake in Gladstone Commercial in the second quarter valued at $203,000. Canada Pension Plan Investment Board bought a new position in shares of Gladstone Commercial during the 2nd quarter worth about $125,000. Legal & General Group Plc bought a new position in Gladstone Commercial in the second quarter worth approximately $419,000. The Manufacturers Life Insurance Company bought a new position in shares of Gladstone Commercial in the 2nd quarter worth $155,000. Finally, Quantbot Technologies LP bought a new stake in Gladstone Commercial during the 2nd quarter valued at $266,000. 45.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Gladstone Commercial Price Performance

GOOD opened at $13.02 on Friday. 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 company has a market capitalization of $630.30 million, a price-to-earnings ratio of 50.08 and a beta of 1.08. The firm’s fifty day moving average price is $12.80 and its two-hundred day moving average price is $12.47. Gladstone Commercial Corporation has a 1 year low of $10.33 and a 1 year high of $13.37.

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

Gladstone Commercial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be paid a $0.10 dividend. The ex-dividend date is Monday, September 21st. This represents a c) annualized dividend and a yield of 9.2%. Gladstone Commercial’s dividend payout ratio (DPR) is 461.54%.

Gladstone Commercial 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.