Confluence Investment Management LLC increased its stake in Gladstone Commercial Co. (NASDAQ:GOOD) by 5.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 304,468 shares of the real estate investment trust’s stock after buying an additional 14,555 shares during the period. Confluence Investment Management LLC’s holdings in Gladstone Commercial were worth $5,955,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in GOOD. Great West Life Assurance Co. Can boosted its stake in Gladstone Commercial by 19.8% in the third quarter. Great West Life Assurance Co. Can now owns 7,982 shares of the real estate investment trust’s stock valued at $134,000 after acquiring an additional 1,321 shares during the period. SG Americas Securities LLC acquired a new position in shares of Gladstone Commercial during the fourth quarter valued at approximately $136,000. Winslow Evans & Crocker Inc. raised its stake in shares of Gladstone Commercial by 159.7% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 8,700 shares of the real estate investment trust’s stock worth $157,000 after buying an additional 5,350 shares in the last quarter. Candriam Luxembourg S.C.A. bought a new stake in shares of Gladstone Commercial in the 4th quarter worth approximately $180,000. Finally, Advisory Services Network LLC increased its holdings in shares of Gladstone Commercial by 20.0% in the fourth quarter. Advisory Services Network LLC now owns 10,648 shares of the real estate investment trust’s stock valued at $192,000 after buying an additional 1,773 shares in the last quarter. 55.16% of the stock is owned by hedge funds and other institutional investors.
Shares of GOOD stock traded up $0.03 on Thursday, hitting $20.46. The stock had a trading volume of 122 shares, compared to its average volume of 237,004. Gladstone Commercial Co. has a twelve month low of $13.14 and a twelve month high of $20.95. The company has a fifty day moving average price of $19.54 and a two-hundred day moving average price of $18.23. The firm has a market cap of $744.19 million, a P/E ratio of -75.66 and a beta of 0.99. The company has a current ratio of 5.98, a quick ratio of 5.98 and a debt-to-equity ratio of 3.29.
Gladstone Commercial (NASDAQ:GOOD) last issued its quarterly earnings results on Monday, February 15th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.20. Gladstone Commercial had a net margin of 5.05% and a return on equity of 3.10%. The firm had revenue of $32.87 million for the quarter, compared to analyst estimates of $33.53 million. On average, analysts expect that Gladstone Commercial Co. will post 1.58 earnings per share for the current year.
The firm also recently declared a monthly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Thursday, March 18th were given a $0.1252 dividend. The ex-dividend date was Wednesday, March 17th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.34%. Gladstone Commercial’s payout ratio is 94.94%.
Several equities analysts have weighed in on the company. DA Davidson reaffirmed a “buy” rating on shares of Gladstone Commercial in a research note on Thursday, February 18th. Zacks Investment Research downgraded Gladstone Commercial from a “hold” rating to a “sell” rating in a report on Tuesday, March 30th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $20.60.
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 September 2020, Gladstone Commercial has paid 189 consecutive monthly cash distributions on its common stock.
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