Gladstone Commercial Co. (NASDAQ:GOOD) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its stake in shares of Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) by 44.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,764 shares of the real estate investment trust's stock after selling 62,787 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.18% of Gladstone Commercial worth $1,295,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. purchased a new stake in shares of Gladstone Commercial during the fourth quarter worth about $43,000. KLP Kapitalforvaltning AS purchased a new stake in Gladstone Commercial in the 4th quarter worth approximately $112,000. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Gladstone Commercial in the 4th quarter valued at $192,000. Wealthfront Advisers LLC acquired a new stake in shares of Gladstone Commercial during the fourth quarter worth $194,000. Finally, Atomi Financial Group Inc. grew 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 valued at $199,000 after purchasing an additional 908 shares during the period. Institutional investors and hedge funds own 45.51% of the company's stock.

Gladstone Commercial Trading Up 0.3 %

NASDAQ:GOOD traded up $0.04 during mid-day trading on Wednesday, reaching $14.12. The company's stock had a trading volume of 392,157 shares, compared to its average volume of 293,200. 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 stock has a market cap of $646.09 million, a P/E ratio of 54.31, a P/E/G ratio of 1.82 and a beta of 1.17. The company's fifty day simple moving average is $14.90 and its two-hundred day simple moving average is $15.91. Gladstone Commercial Co. has a twelve month low of $12.67 and a twelve month high of $17.88.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last released its 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 business had revenue of $37.38 million for the quarter, compared to analysts' expectations of $38.04 million. On average, equities analysts predict 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 Tuesday, April 22nd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, April 21st. This represents a dividend yield of 8.5%. Gladstone Commercial's dividend payout ratio is presently 461.54%.

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.