Hsbc Holdings PLC Makes New $572,000 Investment in Gladstone Commercial Corporation $GOOD

Hsbc Holdings PLC bought a new position in shares of Gladstone Commercial Corporation (NASDAQ:GOOD) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 49,703 shares of the real estate investment trust’s stock, valued at approximately $572,000.

A number of other hedge funds have also modified their holdings of GOOD. JPMorgan Chase & Co. boosted its position in Gladstone Commercial by 56.8% during the third quarter. JPMorgan Chase & Co. now owns 336,791 shares of the real estate investment trust’s stock worth $4,149,000 after acquiring an additional 122,047 shares during the last quarter. SG Americas Securities LLC raised its holdings in Gladstone Commercial by 700.1% in the 4th quarter. SG Americas Securities LLC now owns 69,383 shares of the real estate investment trust’s stock valued at $740,000 after acquiring an additional 60,711 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in Gladstone Commercial by 17.9% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 265,494 shares of the real estate investment trust’s stock valued at $2,833,000 after acquiring an additional 40,248 shares during the last quarter. Princeton Global Asset Management LLC lifted its stake in Gladstone Commercial by 104.0% in the 4th quarter. Princeton Global Asset Management LLC now owns 33,511 shares of the real estate investment trust’s stock worth $358,000 after purchasing an additional 17,084 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft purchased a new position in Gladstone Commercial in the 4th quarter worth approximately $112,000. 45.51% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Commercial Stock Down 0.2%

Shares of NASDAQ GOOD opened at $12.50 on Friday. The company has a market capitalization of $605.12 million, a P/E ratio of 69.45 and a beta of 1.07. The company has a debt-to-equity ratio of 5.13, a current ratio of 4.03 and a quick ratio of 4.03. The company has a 50 day simple moving average of $12.59 and a 200-day simple moving average of $12.23. Gladstone Commercial Corporation has a 1 year low of $10.33 and a 1 year high of $13.47.

Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.30. The firm had revenue of $41.91 million for the quarter, compared to analysts’ expectations of $42.94 million. Gladstone Commercial had a return on equity of 12.11% and a net margin of 12.74%. On average, equities research analysts predict that Gladstone Commercial Corporation will post 1.41 earnings per share for the current year.

Gladstone Commercial Dividend Announcement

The firm also recently declared 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) annualized dividend and a dividend yield of 9.6%. The ex-dividend date of this dividend is Monday, September 21st. Gladstone Commercial’s dividend payout ratio is 666.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Weiss Ratings upgraded Gladstone Commercial from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Huntington initiated coverage on Gladstone Commercial in a research report on Wednesday, July 15th. They set a “market perform” rating and a $13.00 price objective on the stock. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $12.83.

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.