Renaissance Technologies LLC Sells 30,766 Shares of Gladstone Commercial Co. (NASDAQ:GOOD)

Renaissance Technologies LLC cut its holdings in Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,408,954 shares of the real estate investment trust's stock after selling 30,766 shares during the period. Renaissance Technologies LLC owned approximately 3.21% of Gladstone Commercial worth $22,881,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Gladstone Commercial by 5.2% in 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 buying an additional 213,281 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Gladstone Commercial by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,117,503 shares of the real estate investment trust's stock worth $18,152,000 after acquiring an additional 19,327 shares during the period. State Street Corp increased its holdings in Gladstone Commercial by 3.6% in the 3rd quarter. State Street Corp now owns 1,051,383 shares of the real estate investment trust's stock worth $17,074,000 after acquiring an additional 36,616 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Gladstone Commercial by 51.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 667,966 shares of the real estate investment trust's stock valued at $10,848,000 after acquiring an additional 226,602 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Gladstone Commercial by 64.2% during the fourth quarter. JPMorgan Chase & Co. now owns 297,473 shares of the real estate investment trust's stock valued at $4,831,000 after purchasing an additional 116,355 shares during the last quarter. 45.51% of the stock is owned by institutional investors.

Gladstone Commercial Price Performance

NASDAQ:GOOD traded up $0.15 during mid-day trading on Thursday, hitting $14.17. 289,619 shares of the stock traded hands, compared to its average volume of 288,844. The business's 50-day moving average price is $15.06 and its 200 day moving average price is $15.97. The company has a quick ratio of 3.54, a current ratio of 5.68 and a debt-to-equity ratio of 4.05. The company has a market cap of $648.38 million, a PE ratio of 54.50, a price-to-earnings-growth ratio of 1.82 and a beta of 1.17. Gladstone Commercial Co. has a 12-month low of $12.67 and a 12-month high of $17.88.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last released its quarterly 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. The firm had revenue of $37.38 million for the quarter, compared to analysts' expectations of $38.04 million. Gladstone Commercial had a net margin of 16.09% and a return on equity of 15.16%. On average, analysts expect that Gladstone Commercial Co. will post 1.45 EPS for the current fiscal year.

Gladstone Commercial Dividend Announcement

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

Analysts Set New Price Targets

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

Gladstone Commercial 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.