Y Intercept Hong Kong Ltd Takes $334,000 Position in Gladstone Commercial Co. (NASDAQ:GOOD)

Y Intercept Hong Kong Ltd purchased a new position in shares of Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 20,582 shares of the real estate investment trust's stock, valued at approximately $334,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Newbridge Financial Services Group Inc. bought a new position in Gladstone Commercial in the 4th quarter worth approximately $43,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Gladstone Commercial by 68.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,116 shares of the real estate investment trust's stock valued at $116,000 after buying an additional 2,885 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Gladstone Commercial during the fourth quarter valued at about $192,000. Atomi Financial Group Inc. grew its holdings in shares of Gladstone Commercial by 8.0% during the 4th 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 in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Gladstone Commercial by 23.7% in the fourth quarter. SG Americas Securities LLC now owns 17,240 shares of the real estate investment trust's stock valued at $280,000 after purchasing an additional 3,298 shares in the last quarter. Institutional investors own 45.51% of the company's stock.

Gladstone Commercial Price Performance

NASDAQ:GOOD traded up $0.26 on Friday, reaching $15.75. The stock had a trading volume of 382,860 shares, compared to its average volume of 292,393. The company has a market capitalization of $695.82 million, a P/E ratio of 60.54, a price-to-earnings-growth ratio of 1.82 and a beta of 1.25. The stock has a fifty day moving average price of $16.09 and a 200-day moving average price of $16.18. 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 1-year low of $12.85 and a 1-year high of $17.88.

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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 for the quarter, beating analysts' consensus estimates of $0.11 by $0.24. Gladstone Commercial had a return on equity of 15.16% and a net margin of 16.09%. The firm had revenue of $37.38 million during the quarter, compared to analysts' expectations of $38.04 million. Research analysts forecast that Gladstone Commercial Co. will post 1.45 EPS for the current year.

Gladstone Commercial Announces Dividend

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