Swiss National Bank lifted its stake in Gladstone Commercial Co. (NASDAQ:GOOD – Get Rating) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,400 shares of the real estate investment trust’s stock after purchasing an additional 3,800 shares during the period. Swiss National Bank owned about 0.24% of Gladstone Commercial worth $1,765,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. US Bancorp DE grew its holdings in shares of Gladstone Commercial by 64.7% in the third quarter. US Bancorp DE now owns 1,622 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 637 shares during the last quarter. Arizona State Retirement System grew its holdings in Gladstone Commercial by 6.2% during the 4th quarter. Arizona State Retirement System now owns 11,155 shares of the real estate investment trust’s stock worth $206,000 after acquiring an additional 652 shares in the last quarter. Cetera Advisor Networks LLC grew its holdings in Gladstone Commercial by 5.2% during the 1st quarter. Cetera Advisor Networks LLC now owns 15,759 shares of the real estate investment trust’s stock worth $347,000 after acquiring an additional 778 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Gladstone Commercial by 99.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,659 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 828 shares in the last quarter. Finally, Guggenheim Capital LLC grew its holdings in Gladstone Commercial by 7.2% during the 3rd quarter. Guggenheim Capital LLC now owns 13,133 shares of the real estate investment trust’s stock worth $204,000 after acquiring an additional 886 shares in the last quarter. 45.84% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on GOOD. EF Hutton Acquisition Co. I reiterated 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. StockNews.com assumed coverage on shares of Gladstone Commercial in a report on Thursday, May 18th. They set a “hold” rating on the stock. TheStreet cut shares of Gladstone Commercial from a “c-” rating to a “d+” rating in a report on Monday, March 20th. Finally, B. Riley lowered their price target on shares of Gladstone Commercial from $18.00 to $15.00 in a report on Monday, May 8th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.83.
Insiders Place Their Bets
In other news, CIO Elliott Wislar, Jr. bought 2,000 shares of the business’s stock in a transaction dated Monday, March 6th. The stock was purchased at an average cost of $13.68 per share, with a total value of $27,360.00. Following the acquisition, the executive now directly owns 3,070 shares in the company, valued at $41,997.60. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CIO Elliott Wislar, Jr. acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The stock was purchased at an average price of $13.68 per share, with a total value of $27,360.00. Following the completion of the acquisition, the executive now owns 3,070 shares of the company’s stock, valued at approximately $41,997.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Arthur S. Cooper bought 3,600 shares of the firm’s stock in a transaction on Monday, March 6th. The stock was bought at an average cost of $13.50 per share, for a total transaction of $48,600.00. Following the transaction, the president now directly owns 22,625 shares of the company’s stock, valued at $305,437.50. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 5,850 shares of company stock valued at $79,348. 1.50% of the stock is owned by insiders.
Gladstone Commercial Stock Performance
Shares of Gladstone Commercial stock opened at $11.27 on Friday. The firm has a market capitalization of $450.80 million, a P/E ratio of -102.45, a PEG ratio of 1.31 and a beta of 1.12. The company has a quick ratio of 5.49, a current ratio of 5.49 and a debt-to-equity ratio of 3.92. The company has a 50 day moving average price of $11.90 and a 200 day moving average price of $15.25. Gladstone Commercial Co. has a 52 week low of $10.84 and a 52 week high of $21.15.
Gladstone Commercial (NASDAQ:GOOD – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The real estate investment trust reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.39 by ($0.42). The company had revenue of $37.22 million during the quarter, compared to analysts’ expectations of $37.31 million. Gladstone Commercial had a net margin of 5.52% and a return on equity of 4.01%. Sell-side analysts expect that Gladstone Commercial Co. will post 1.44 EPS for the current year.
Gladstone Commercial Dividend Announcement
The firm also recently declared 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. This represents a $1.20 dividend on an annualized basis and a yield of 10.65%. The ex-dividend date is Tuesday, June 20th. Gladstone Commercial’s dividend payout ratio is presently -1,090.91%.
Gladstone Commercial Company 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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