LPL Financial LLC increased its position in shares of Gladstone Commercial Co. (NASDAQ:GOOD – Get Rating) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 352,049 shares of the real estate investment trust’s stock after acquiring an additional 12,494 shares during the quarter. LPL Financial LLC owned about 0.89% of Gladstone Commercial worth $6,513,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of GOOD. XML Financial LLC acquired a new stake in shares of Gladstone Commercial in the third quarter valued at approximately $8,125,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Gladstone Commercial in the third quarter valued at approximately $3,523,000. Renaissance Technologies LLC raised its holdings in shares of Gladstone Commercial by 6.4% in the first quarter. Renaissance Technologies LLC now owns 2,207,120 shares of the real estate investment trust’s stock valued at $48,601,000 after purchasing an additional 133,700 shares during the last quarter. HBK Sorce Advisory LLC acquired a new stake in shares of Gladstone Commercial in the third quarter valued at approximately $125,000. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Gladstone Commercial by 74.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 202,269 shares of the real estate investment trust’s stock valued at $3,742,000 after purchasing an additional 86,235 shares during the last quarter. Institutional investors own 45.84% of the company’s stock.
Wall Street Analyst Weigh In
GOOD has been the topic of a number of recent research reports. StockNews.com upgraded shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a report on Thursday, April 20th. TheStreet downgraded shares of Gladstone Commercial from a “c-” rating to a “d+” rating in a report on Monday, March 20th. B. Riley lowered their target price on shares of Gladstone Commercial from $18.00 to $15.00 in a report on Monday, May 8th. Finally, EF Hutton Acquisition Co. I restated a “buy” rating and set a $18.00 target price (down from $20.00) on shares of Gladstone Commercial in a report on Friday, February 24th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $16.83.
Insiders Place Their Bets
In related news, President Arthur S. Cooper acquired 3,600 shares of Gladstone Commercial stock in a transaction on Monday, March 6th. The stock was purchased at an average cost of $13.50 per share, with a total value of $48,600.00. Following the completion of the transaction, the president now directly owns 22,625 shares in the company, valued at approximately $305,437.50. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other Gladstone Commercial news, President Arthur S. Cooper bought 3,600 shares of Gladstone Commercial stock in a transaction dated Monday, March 6th. The stock was bought at an average price of $13.50 per share, with a total value of $48,600.00. Following the completion of the transaction, the president now owns 22,625 shares in the company, valued at approximately $305,437.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CIO Elliott Wislar, Jr. bought 2,000 shares of Gladstone Commercial stock in a transaction dated Monday, March 6th. The stock was acquired at an average cost of $13.68 per share, with a total value of $27,360.00. Following the transaction, the executive now owns 3,070 shares of the company’s stock, valued at approximately $41,997.60. The disclosure for this purchase can be found here. Insiders purchased a total of 5,850 shares of company stock valued at $79,348 over the last ninety days. 1.50% of the stock is currently owned by company insiders.
Gladstone Commercial Trading Down 0.1 %
GOOD stock opened at $11.26 on Friday. The company has a debt-to-equity ratio of 3.92, a current ratio of 5.49 and a quick ratio of 5.49. The company has a fifty day moving average price of $12.19 and a two-hundred day moving average price of $15.66. Gladstone Commercial Co. has a one year low of $11.05 and a one year high of $21.15. The stock has a market cap of $450.39 million, a price-to-earnings ratio of -102.36, a price-to-earnings-growth ratio of 1.33 and a beta of 1.12.
Gladstone Commercial (NASDAQ:GOOD – Get Rating) last released its quarterly earnings data on Wednesday, February 22nd. The real estate investment trust reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.42). Gladstone Commercial had a return on equity of 4.01% and a net margin of 5.52%. The company had revenue of $37.22 million for the quarter, compared to the consensus estimate of $37.31 million. Equities analysts anticipate that Gladstone Commercial Co. will post 1.45 EPS for the current year.
Gladstone Commercial Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, June 30th. Shareholders of record on Wednesday, June 21st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, June 20th. This represents a $1.20 dividend on an annualized basis and a yield of 10.66%. Gladstone Commercial’s dividend payout ratio (DPR) is -1,090.91%.
Gladstone Commercial Profile
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Gladstone Commercial Corp. is a real estate investment trust, which engages in the acquisition, managing and ownership of office and industrial properties. It operates through the Texas, Florida, Pennsylvania, Ohio, Georgia, North Carolina, Alabama, New Jersey, Michigan, South Carolina, and All Other States geographic locations.
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