Arrowstreet Capital Limited Partnership Trims Position in Gladstone Commercial Co. (NASDAQ:GOOD)

Arrowstreet Capital Limited Partnership reduced its position in shares of Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) by 39.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 272,226 shares of the real estate investment trust's stock after selling 177,181 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.62% of Gladstone Commercial worth $4,421,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in GOOD. Charles Schwab Investment Management Inc. boosted its position in shares of Gladstone Commercial by 51.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 667,966 shares of the real estate investment trust's stock worth $10,848,000 after purchasing an additional 226,602 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Gladstone Commercial by 5.2% during the 4th quarter. Vanguard Group Inc. now owns 4,283,840 shares of the real estate investment trust's stock valued at $69,570,000 after acquiring an additional 213,281 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Gladstone Commercial by 64.2% during the 4th quarter. JPMorgan Chase & Co. now owns 297,473 shares of the real estate investment trust's stock worth $4,831,000 after acquiring an additional 116,355 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Gladstone Commercial in the 4th quarter worth approximately $1,471,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Gladstone Commercial by 39.3% in the 4th quarter. Bank of New York Mellon Corp now owns 177,473 shares of the real estate investment trust's stock worth $2,882,000 after acquiring an additional 50,052 shares during the period. Institutional investors and hedge funds own 45.51% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Gladstone Commercial from a "buy" rating to a "hold" rating in a report on Wednesday, December 18th.

Gladstone Commercial Price Performance

NASDAQ:GOOD traded up $0.35 during mid-day trading on Monday, hitting $13.78. 77,353 shares of the company's stock traded hands, compared to its average volume of 375,027. The company has a debt-to-equity ratio of 4.05, a quick ratio of 3.54 and a current ratio of 5.68. The company has a market cap of $630.30 million, a PE ratio of 52.98, a price-to-earnings-growth ratio of 1.82 and a beta of 1.17. The firm's 50 day simple moving average is $15.21 and its 200 day simple moving average is $16.01. Gladstone Commercial Co. has a 1 year low of $12.67 and a 1 year high of $17.88.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.24. Gladstone Commercial had a net margin of 16.09% and a return on equity of 15.16%. The business had revenue of $37.38 million during the quarter, compared to analysts' expectations of $38.04 million. Sell-side analysts expect that Gladstone Commercial Co. will post 1.45 EPS for the current year.

Gladstone Commercial Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 21st will be given a $0.10 dividend. The ex-dividend date of this dividend is Monday, April 21st. Gladstone Commercial's dividend payout ratio is currently 461.54%.

Gladstone Commercial Company Profile

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.