Mitsubishi UFJ Asset Management Co. Ltd. Invests $528,000 in Gladstone Commercial Corporation $GOOD

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Gladstone Commercial Corporation (NASDAQ:GOOD) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 42,892 shares of the real estate investment trust’s stock, valued at approximately $528,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.09% of Gladstone Commercial at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GOOD. International Assets Investment Management LLC purchased a new position in Gladstone Commercial during the fourth quarter worth $25,000. EverSource Wealth Advisors LLC raised its holdings in shares of Gladstone Commercial by 751.4% in 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 during the last quarter. Danske Bank A S purchased a new stake in shares of Gladstone Commercial in the fourth quarter valued at $30,000. Advisory Services Network LLC acquired a new stake in shares of Gladstone Commercial during the third quarter valued at $34,000. Finally, Parallel Advisors LLC boosted its stake in shares of Gladstone Commercial by 71.1% during the third quarter. Parallel Advisors LLC now owns 2,811 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 1,168 shares during the last quarter. Hedge funds and other institutional investors own 45.51% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on GOOD shares. Huntington assumed coverage on shares of Gladstone Commercial in a report on Wednesday, July 15th. They issued a “market perform” rating and a $13.00 target price on the stock. Weiss Ratings upgraded shares of Gladstone Commercial from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Gladstone Commercial has an average rating of “Hold” and an average target price of $12.83.

Gladstone Commercial Price Performance

GOOD stock opened at $12.91 on Friday. Gladstone Commercial Corporation has a 52-week low of $10.33 and a 52-week high of $13.47. The stock’s fifty day simple moving average is $12.64 and its 200-day simple moving average is $12.38. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 5.43. The stock has a market capitalization of $624.97 million, a price-to-earnings ratio of 49.66 and a beta of 1.07.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. Gladstone Commercial had a return on equity of 14.61% and a net margin of 14.55%.The business had revenue of $43.99 million during the quarter, compared to the consensus estimate of $42.18 million. Equities research analysts expect that Gladstone Commercial Corporation will post 1.39 EPS for the current year.

Gladstone Commercial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a $0.10 dividend. The ex-dividend date is Monday, September 21st. This represents a c) annualized dividend and a yield of 9.3%. Gladstone Commercial’s payout ratio is 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.