1,480 Shares in Gladstone Commercial Co. (NASDAQ:GOOD) Purchased by Prospera Financial Services Inc


Prospera Financial Services Inc acquired a new stake in Gladstone Commercial Co. (NASDAQ:GOOD – Get Rating) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,480 shares of the real estate investment trust’s stock, valued at approximately $33,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of GOOD. Allspring Global Investments Holdings LLC acquired a new position in shares of Gladstone Commercial during the 4th quarter worth approximately $591,000. CWM LLC acquired a new position in shares of Gladstone Commercial during the 4th quarter worth approximately $43,000. Qube Research & Technologies Ltd raised its position in shares of Gladstone Commercial by 109.1% during the 4th quarter. Qube Research & Technologies Ltd now owns 44,754 shares of the real estate investment trust’s stock worth $1,153,000 after purchasing an additional 23,347 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Gladstone Commercial by 10.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 31,800 shares of the real estate investment trust’s stock worth $819,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Gladstone Commercial by 530.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,150 shares of the real estate investment trust’s stock worth $81,000 after acquiring an additional 2,650 shares during the period. 49.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, B. Riley lowered their target price on shares of Gladstone Commercial from $25.00 to $23.00 in a research note on Monday, May 9th.

Gladstone Commercial Stock Down 0.3 %

Shares of Gladstone Commercial stock opened at $20.17 on Friday. Gladstone Commercial Co. has a twelve month low of $17.73 and a twelve month high of $26.13. The company has a current ratio of 5.56, a quick ratio of 5.56 and a debt-to-equity ratio of 3.43. The stock has a market cap of $797.38 million, a price-to-earnings ratio of 2,019.02, a price-to-earnings-growth ratio of 2.19 and a beta of 1.03. The company has a fifty day moving average price of $19.25 and a 200 day moving average price of $20.65.

Gladstone Commercial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 22nd will be paid a $0.1254 dividend. The ex-dividend date of this dividend is Wednesday, September 21st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.46%. Gladstone Commercial’s dividend payout ratio (DPR) is currently 15,015.02%.

About Gladstone Commercial

(Get Rating)

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.

Further Reading

Institutional Ownership by Quarter for Gladstone Commercial (NASDAQ:GOOD)



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