Gladstone Commercial Co. (NASDAQ:GOOD) Stock Position Reduced by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its holdings in Gladstone Commercial Co. (NASDAQ:GOOD) by 14.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,912 shares of the real estate investment trust’s stock after selling 3,750 shares during the period. Commonwealth Equity Services LLC’s holdings in Gladstone Commercial were worth $327,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in shares of Gladstone Commercial during the 2nd quarter worth $33,000. Central Pacific Bank Trust Division acquired a new stake in shares of Gladstone Commercial during the 1st quarter worth about $64,000. PNC Financial Services Group Inc. increased its position in shares of Gladstone Commercial by 68.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,948 shares of the real estate investment trust’s stock worth $92,000 after purchasing an additional 2,828 shares in the last quarter. Evermay Wealth Management LLC increased its position in shares of Gladstone Commercial by 82.4% during the 1st quarter. Evermay Wealth Management LLC now owns 7,690 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 3,475 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Gladstone Commercial during the 1st quarter worth about $113,000. 45.51% of the stock is owned by institutional investors.

Gladstone Commercial Stock Up 0.7 %

Shares of NASDAQ GOOD opened at $15.90 on Tuesday. The firm has a market capitalization of $636.86 million, a PE ratio of -83.68, a price-to-earnings-growth ratio of 1.86 and a beta of 1.21. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 4.95. Gladstone Commercial Co. has a 1 year low of $11.40 and a 1 year high of $16.43. The firm’s 50-day moving average is $15.03 and its 200-day moving average is $14.29.

Gladstone Commercial (NASDAQ:GOOD) last issued its earnings results on Tuesday, August 6th. The real estate investment trust reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.37). The business had revenue of $37.06 million during the quarter, compared to the consensus estimate of $35.89 million. Gladstone Commercial had a net margin of 7.90% and a return on equity of 7.34%. During the same period last year, the business posted $0.41 EPS. Equities analysts expect that Gladstone Commercial Co. will post 1.38 EPS for the current year.

Gladstone Commercial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.55%. Gladstone Commercial’s dividend payout ratio is -631.58%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th.

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 January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock.