AlphaQuest LLC decreased its position in Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) by 68.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,719 shares of the real estate investment trust's stock after selling 25,957 shares during the period. AlphaQuest LLC's holdings in Gladstone Commercial were worth $190,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Gladstone Commercial by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,098,176 shares of the real estate investment trust's stock worth $17,837,000 after purchasing an additional 34,017 shares during the period. State Street Corp lifted its holdings in Gladstone Commercial by 3.6% during the third quarter. State Street Corp now owns 1,051,383 shares of the real estate investment trust's stock worth $17,074,000 after buying an additional 36,616 shares during the period. Barclays PLC lifted its holdings in Gladstone Commercial by 323.4% during the third quarter. Barclays PLC now owns 62,132 shares of the real estate investment trust's stock worth $1,009,000 after buying an additional 47,456 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Gladstone Commercial by 36.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 441,364 shares of the real estate investment trust's stock valued at $7,168,000 after acquiring an additional 117,988 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Gladstone Commercial by 78.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 181,118 shares of the real estate investment trust's stock valued at $2,941,000 after acquiring an additional 79,893 shares during the period. Institutional investors own 45.51% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of Gladstone Commercial from a "buy" rating to a "hold" rating in a research report on Wednesday, December 18th.
Check Out Our Latest Report on Gladstone Commercial
Gladstone Commercial Stock Down 0.2 %
NASDAQ GOOD traded down $0.03 on Thursday, hitting $14.88. The stock had a trading volume of 326,174 shares, compared to its average volume of 268,775. Gladstone Commercial Co. has a 52-week low of $12.85 and a 52-week high of $17.88. The business's fifty day moving average price is $15.90 and its 200 day moving average price is $16.19. The company has a debt-to-equity ratio of 4.05, a current ratio of 5.68 and a quick ratio of 3.54. The stock has a market cap of $657.37 million, a price-to-earnings ratio of 57.21, a price-to-earnings-growth ratio of 1.82 and a beta of 1.24.
Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last announced its earnings results on Tuesday, February 18th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.24. Gladstone Commercial had a return on equity of 15.16% and a net margin of 16.09%. The firm had revenue of $37.38 million for the quarter, compared to the consensus estimate of $38.04 million. Equities research analysts anticipate that Gladstone Commercial Co. will post 1.45 earnings per share for the current year.
Gladstone Commercial Announces Dividend
The business also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were paid a $0.10 dividend. This represents a yield of 7.48%. The ex-dividend date of this dividend was Friday, January 24th. Gladstone Commercial's dividend payout ratio (DPR) is presently 461.54%.
Gladstone Commercial Profile
(
Free Report)
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.
Further Reading
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