20,681 Shares in Gladstone Commercial Co. (NASDAQ:GOOD) Bought by Intech Investment Management LLC

Intech Investment Management LLC purchased a new stake in Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,681 shares of the real estate investment trust's stock, valued at approximately $336,000.

Other institutional investors have also recently made changes to their positions in the company. Vestcor Inc bought a new position in Gladstone Commercial during the fourth quarter worth about $697,000. Swiss National Bank grew its stake in Gladstone Commercial by 6.4% in the 4th quarter. Swiss National Bank now owns 83,700 shares of the real estate investment trust's stock valued at $1,359,000 after buying an additional 5,000 shares during the last quarter. Wealthfront Advisers LLC bought a new position in Gladstone Commercial in the 4th quarter valued at about $194,000. Raymond James Financial Inc. acquired a new stake in Gladstone Commercial during the fourth quarter worth approximately $295,000. Finally, Arizona State Retirement System boosted its holdings in shares of Gladstone Commercial by 7.0% during the fourth quarter. Arizona State Retirement System now owns 12,344 shares of the real estate investment trust's stock worth $200,000 after acquiring an additional 811 shares during the period. Institutional investors and hedge funds own 45.51% of the company's stock.

Gladstone Commercial Price Performance

NASDAQ:GOOD traded up $0.02 during trading hours on Friday, hitting $14.90. The company's stock had a trading volume of 258,008 shares, compared to its average volume of 279,845. 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 company has a market capitalization of $681.78 million, a P/E ratio of 57.31, a PEG ratio of 1.82 and a beta of 1.24. Gladstone Commercial Co. has a twelve month low of $12.85 and a twelve month high of $17.88. The stock has a fifty day simple moving average of $15.74 and a 200-day simple moving average of $16.18.

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Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.24. The company had revenue of $37.38 million for the quarter, compared to analyst estimates of $38.04 million. Gladstone Commercial had a net margin of 16.09% and a return on equity of 15.16%. On average, analysts anticipate that Gladstone Commercial Co. will post 1.45 EPS for the current fiscal year.

Gladstone Commercial Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were issued a dividend of $0.10 per share. This represents a dividend yield of 7.48%. The ex-dividend date of this dividend was Friday, January 24th. Gladstone Commercial's dividend payout ratio (DPR) is 461.54%.

Analysts Set New Price Targets

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

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.