Vestcor Inc purchased a new position in Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 42,907 shares of the real estate investment trust's stock, valued at approximately $697,000. Vestcor Inc owned about 0.10% of Gladstone Commercial at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in 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 buying an additional 34,017 shares in the last quarter. 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 valued at $17,074,000 after purchasing an additional 36,616 shares during the period. Barclays PLC grew its holdings in shares of Gladstone Commercial by 323.4% during 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 during the period. Charles Schwab Investment Management Inc. raised its holdings in Gladstone Commercial by 36.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 441,364 shares of the real estate investment trust's stock valued at $7,168,000 after buying an additional 117,988 shares during the period. Finally, JPMorgan Chase & Co. increased 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 acquiring an additional 79,893 shares during the last quarter. Hedge funds and other institutional investors own 45.51% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered Gladstone Commercial from a "buy" rating to a "hold" rating in a research report on Wednesday, December 18th.
Get Our Latest Research Report on GOOD
Gladstone Commercial Stock Down 0.2 %
Shares of NASDAQ GOOD traded down $0.03 during midday trading on Thursday, hitting $14.87. The company's stock had a trading volume of 375,726 shares, compared to its average volume of 268,775. The business's fifty day simple moving average is $15.90 and its two-hundred day simple moving average is $16.19. The company has a debt-to-equity ratio of 4.05, a current ratio of 5.68 and a quick ratio of 3.54. Gladstone Commercial Co. has a 1 year low of $12.85 and a 1 year high of $17.88. The firm has a market capitalization of $657.15 million, a price-to-earnings ratio of 57.19, a price-to-earnings-growth ratio of 1.82 and a beta of 1.24.
Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last issued its earnings results on Tuesday, February 18th. The real estate investment trust reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.24. The firm had revenue of $37.38 million for the quarter, compared to analysts' expectations of $38.04 million. Gladstone Commercial had a net margin of 16.09% and a return on equity of 15.16%. On average, equities analysts predict that Gladstone Commercial Co. will post 1.45 EPS for the current year.
Gladstone Commercial Dividend Announcement
The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were given a dividend of $0.10 per share. The ex-dividend date was Friday, January 24th. This represents a dividend yield of 7.48%. Gladstone Commercial's dividend payout ratio is currently 461.54%.
Gladstone Commercial Profile
(
Free Report)
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.
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