Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. increased its stake in shares of Gladstone Commercial by 7.8% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 7,773 shares of the real estate investment trust’s stock valued at $ 200,000 after acquiring an additional 562 shares during the period. Rhumbline Advisers increased its stake in shares of Gladstone Commercial by 1.3% during the fourth quarter. Rhumbline Advisers now owns 52,753 shares of the real estate investment trust’s stock valued at $ 1,359,000 after acquiring an additional 698 shares during the period. International Assets Investment Management LLC increased its stake in shares of Gladstone Commercial by 2.5% during the fourth quarter. International Assets Investment Management LLC now owns 41,668 shares of the real estate investment trust’s stock valued at $ 1,074,000 after acquiring an additional 1,000 shares during the period. Wilen Investment Management CORP. acquired a new position in shares of Gladstone Commercial during the fourth quarter valued at approximately $ 37,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Gladstone Commercial by 0.3% during the fourth quarter. JPMorgan Chase & Co. now owns 636,749 shares of the real estate investment trust’s stock valued at $ 16,408,000 after acquiring an additional 1,599 shares during the period. Institutional investors and hedge funds own 49.60% of the company’s stock.
Several research analysts have issued reports on the stock. StockNews.com assumed coverage on shares of Gladstone Commercial in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. B. Riley decreased their price target on shares of Gladstone Commercial from $ 25.00 to $ 23.00 in a research report on Monday, May 9th.
Gladstone Commercial stock opened at $ 18.58 on Friday. The company has a 50 day moving average price of $ 20.07 and a 200 day moving average price of $ 21.85. Gladstone Commercial Co. has a 52 week low of $ 17.73 and a 52 week high of $ 26.13. The company has a debt-to-equity ratio of 3.29, a quick ratio of 8.87 and a current ratio of 8.87. The firm has a market capitalization of $ 718.10 million, a price-to-earnings ratio of -619.13, a P / E / G ratio of 1.99 and a beta of 1.03.
Gladstone Commercial (NASDAQ: GOOD – Get Rating) last posted its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $ 0.01 EPS for the quarter, missing analysts’ consensus estimates of $ 0.40 by ($ 0.39). Gladstone Commercial had a return on equity of 6.37% and a net margin of 9.46%. The firm had revenue of $ 35.53 million during the quarter, compared to analyst estimates of $ 37.08 million. Equities analysts forecast that Gladstone Commercial Co. will post 1.53 earnings per share for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 22nd will be paid a dividend of $ 0.1254 per share. This represents a $ 1.50 dividend on an annualized basis and a dividend yield of 8.10%. The ex-dividend date is Tuesday, June 21st. Gladstone Commercial’s dividend payout ratio (DPR) is currently -4,998.33%.
Gladstone Commercial Profile (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.
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