Invesco Ltd. Trims Stock Position in Gladstone Commercial Co. (NASDAQ:GOOD)

Invesco Ltd. cut its stake in shares of Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) by 32.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 541,866 shares of the real estate investment trust's stock after selling 254,537 shares during the period. Invesco Ltd. owned about 1.23% of Gladstone Commercial worth $8,800,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. State Street Corp raised its position in Gladstone Commercial by 3.6% in 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 acquiring an additional 36,616 shares during the period. Barclays PLC lifted its holdings in Gladstone Commercial by 323.4% in the 3rd quarter. Barclays PLC now owns 62,132 shares of the real estate investment trust's stock worth $1,009,000 after purchasing an additional 47,456 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Gladstone Commercial by 3.2% during the third quarter. Geode Capital Management LLC now owns 1,098,176 shares of the real estate investment trust's stock worth $17,837,000 after acquiring an additional 34,017 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Gladstone Commercial by 78.9% during the third quarter. JPMorgan Chase & Co. now owns 181,118 shares of the real estate investment trust's stock valued at $2,941,000 after purchasing an additional 79,893 shares in the last quarter. Finally, Atomi Financial Group Inc. lifted its position in shares of Gladstone Commercial by 8.0% in the fourth quarter. Atomi Financial Group Inc. now owns 12,256 shares of the real estate investment trust's stock worth $199,000 after buying an additional 908 shares in the last quarter. Institutional investors own 45.51% of the company's stock.

Gladstone Commercial Price Performance

NASDAQ GOOD traded up $0.10 during trading on Friday, hitting $14.12. 225,417 shares of the stock traded hands, compared to its average volume of 294,956. The company has a market capitalization of $646.09 million, a P/E ratio of 54.31, 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. The firm has a 50-day simple moving average of $14.77 and a 200-day simple moving average of $15.87. The company has a quick ratio of 3.54, a current ratio of 5.68 and a debt-to-equity ratio of 4.05.

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 for the quarter, topping the consensus estimate of $0.11 by $0.24. Gladstone Commercial had a net margin of 16.09% and a return on equity of 15.16%. The company had revenue of $37.38 million for the quarter, compared to analysts' expectations of $38.04 million. As a group, analysts predict that Gladstone Commercial Co. will post 1.45 EPS for the current year.

Gladstone Commercial Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 22nd will be issued a $0.10 dividend. This represents a dividend yield of 8.5%. The ex-dividend date of this dividend is Monday, April 21st. Gladstone Commercial's dividend payout ratio (DPR) is 461.54%.

About Gladstone Commercial

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.