Teacher Retirement System of Texas Buys 49,155 Shares of Gladstone Commercial Co. (NASDAQ:GOOD)

Teacher Retirement System of Texas boosted its holdings in shares of Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) by 109.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 93,948 shares of the real estate investment trust's stock after purchasing an additional 49,155 shares during the quarter. Teacher Retirement System of Texas owned about 0.21% of Gladstone Commercial worth $1,526,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new stake in Gladstone Commercial during the 4th quarter valued at approximately $336,000. Vestcor Inc purchased a new position in Gladstone Commercial during the fourth quarter valued at $697,000. Swiss National Bank increased its holdings 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 acquiring an additional 5,000 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in Gladstone Commercial in the 4th quarter valued at $194,000. Finally, Raymond James Financial Inc. purchased a new stake in Gladstone Commercial in the 4th quarter worth $295,000. 45.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Gladstone Commercial Stock Performance

Shares of GOOD remained flat at $15.07 during mid-day trading on Wednesday. The stock had a trading volume of 217,270 shares, compared to its average volume of 280,130. The company has a current ratio of 5.68, a quick ratio of 3.54 and a debt-to-equity ratio of 4.05. The stock has a market cap of $689.56 million, a P/E ratio of 57.96, 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 50-day simple moving average of $15.66 and a 200-day simple moving average of $16.16.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $38.04 million. On average, sell-side analysts predict that Gladstone Commercial Co. will post 1.45 EPS for the current year.

Gladstone Commercial Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a yield of 7.48%. Gladstone Commercial's dividend payout ratio is currently 461.54%.

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.