Prudential Financial Inc. Acquires New Shares in Gladstone Commercial Co. (NASDAQ:GOOD)

Prudential Financial Inc. bought a new stake in shares of Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 20,152 shares of the real estate investment trust's stock, valued at approximately $327,000.

Several other institutional investors have also made changes to their positions in the stock. LPL Financial LLC lifted its stake in shares of Gladstone Commercial by 0.6% in the 4th quarter. LPL Financial LLC now owns 117,327 shares of the real estate investment trust's stock valued at $1,905,000 after purchasing an additional 710 shares during the last quarter. Arizona State Retirement System lifted its holdings in Gladstone Commercial by 7.0% in the 4th quarter. Arizona State Retirement System now owns 12,344 shares of the real estate investment trust's stock worth $200,000 after purchasing an additional 811 shares during the last quarter. Atomi Financial Group Inc. boosted its position in Gladstone Commercial by 8.0% during the fourth quarter. Atomi Financial Group Inc. now owns 12,256 shares of the real estate investment trust's stock worth $199,000 after purchasing an additional 908 shares during the period. Register Financial Advisors LLC grew its holdings in Gladstone Commercial by 2.2% during the fourth quarter. Register Financial Advisors LLC now owns 53,342 shares of the real estate investment trust's stock valued at $866,000 after purchasing an additional 1,166 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in shares of Gladstone Commercial by 6.5% in the fourth quarter. State of Alaska Department of Revenue now owns 20,246 shares of the real estate investment trust's stock worth $328,000 after buying an additional 1,242 shares during the last quarter. 45.51% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Commercial Stock Performance

Shares of GOOD stock traded up $0.04 during trading hours on Wednesday, reaching $13.93. 30,686 shares of the company's stock were exchanged, compared to its average volume of 287,287. The business has a fifty day moving average price of $15.11 and a 200-day moving average price of $15.98. The stock has a market capitalization of $637.17 million, a P/E ratio of 53.56, a P/E/G ratio of 1.82 and a beta of 1.17. 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 Co. has a fifty-two week low of $12.67 and a fifty-two week high of $17.88.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The real estate investment trust reported $0.35 earnings per share (EPS) 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 analyst estimates of $38.04 million. Analysts predict 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 dividend payout ratio (DPR) is presently 461.54%.

Analyst Upgrades and Downgrades

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.