Gladstone Commercial Co. (NASDAQ:GOOD) Shares Acquired by Ballentine Partners LLC

Ballentine Partners LLC increased its stake in Gladstone Commercial Co. (NASDAQ:GOOD) by 11.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 15,838 shares of the real estate investment trust’s stock after buying an additional 1,624 shares during the quarter. Ballentine Partners LLC’s holdings in Gladstone Commercial were worth $257,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in Gladstone Commercial in the second quarter worth about $33,000. Central Pacific Bank Trust Division acquired a new stake in Gladstone Commercial in the first quarter worth about $64,000. PNC Financial Services Group Inc. lifted its holdings in Gladstone Commercial by 68.6% in the fourth 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 during the period. Evermay Wealth Management LLC lifted its holdings in Gladstone Commercial by 82.4% in the first 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 during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Gladstone Commercial in the first quarter worth about $113,000. Institutional investors and hedge funds own 45.51% of the company’s stock.

Gladstone Commercial Price Performance

Shares of NASDAQ GOOD opened at $16.01 on Tuesday. The firm has a 50-day moving average of $15.73 and a two-hundred day moving average of $14.75. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 4.95. The company has a market capitalization of $641.26 million, a price-to-earnings ratio of -84.26, a PEG ratio of 1.94 and a beta of 1.21. Gladstone Commercial Co. has a twelve month low of $11.40 and a twelve month high of $16.61.

Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings data 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 company had revenue of $37.06 million for the quarter, compared to analyst estimates of $35.89 million. Gladstone Commercial had a return on equity of 7.34% and a net margin of 7.90%. During the same quarter in the previous year, the firm posted $0.41 EPS. As a group, analysts expect that Gladstone Commercial Co. will post 1.4 earnings per share for the current fiscal year.

Gladstone Commercial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.20 annualized dividend and a yield of 7.50%. Gladstone Commercial’s payout ratio is presently -631.58%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. B. Riley reissued a “neutral” rating and issued a $15.00 price target (up from $13.50) on shares of Gladstone Commercial in a report on Thursday, October 10th. StockNews.com downgraded shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, Canaccord Genuity Group raised shares of Gladstone Commercial to a “strong-buy” rating in a report on Friday, October 4th.

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.