B. Riley Wealth Advisors Inc. Sells 18,463 Shares of Gladstone Commercial Co. (NASDAQ:GOOD)

B. Riley Wealth Advisors Inc. reduced its position in Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) by 13.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 116,647 shares of the real estate investment trust's stock after selling 18,463 shares during the quarter. B. Riley Wealth Advisors Inc. owned approximately 0.26% of Gladstone Commercial worth $1,894,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of GOOD. Lazard Asset Management LLC bought a new position in shares of Gladstone Commercial in the 4th quarter worth about $42,000. Newbridge Financial Services Group Inc. bought a new stake in Gladstone Commercial in the fourth quarter worth approximately $43,000. Quarry LP bought a new position in shares of Gladstone Commercial during the 4th quarter worth approximately $48,000. Ameriflex Group Inc. acquired a new stake in shares of Gladstone Commercial during the 4th quarter worth approximately $97,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Gladstone Commercial during the 4th quarter worth approximately $112,000. 45.51% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Commercial Stock Up 1.4%

Shares of Gladstone Commercial stock traded up $0.20 during trading on Thursday, reaching $14.29. 275,213 shares of the company traded hands, compared to its average volume of 306,356. The firm has a market capitalization of $661.38 million, a PE ratio of 54.96, a P/E/G ratio of 1.82 and a beta of 1.21. Gladstone Commercial Co. has a 1-year low of $12.67 and a 1-year high of $17.88. The company has a 50 day moving average price of $14.12 and a 200-day moving average price of $15.52. The company has a debt-to-equity ratio of 4.05, a current ratio of 5.68 and a quick ratio of 3.54.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. Gladstone Commercial had a net margin of 16.09% and a return on equity of 15.16%. The firm had revenue of $37.50 million during the quarter, compared to the consensus estimate of $37.33 million. As a group, equities research analysts expect that Gladstone Commercial Co. will post 1.45 earnings per share for the current fiscal year.

Gladstone Commercial Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 22nd will be issued a dividend of $0.10 per share. This represents a dividend yield of 8.66%. The ex-dividend date of this dividend is Wednesday, May 21st. Gladstone Commercial's dividend payout ratio is currently 413.79%.

About Gladstone Commercial

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.