B. Riley Wealth Advisors Inc. Trims Position in 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 Securities & Exchange Commission. The institutional investor owned 116,647 shares of the real estate investment trust's stock after selling 18,463 shares during the period. B. Riley Wealth Advisors Inc. owned approximately 0.26% of Gladstone Commercial worth $1,894,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position in shares of Gladstone Commercial by 12.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 28,450 shares of the real estate investment trust's stock valued at $463,000 after purchasing an additional 3,210 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Gladstone Commercial by 7.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 62,417 shares of the real estate investment trust's stock valued at $999,000 after purchasing an additional 4,240 shares during the last quarter. Atomi Financial Group Inc. increased its position in shares of Gladstone Commercial by 8.0% during the 4th quarter. Atomi Financial Group Inc. now owns 12,256 shares of the real estate investment trust's stock valued at $199,000 after purchasing an additional 908 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Gladstone Commercial during the 4th quarter valued at $334,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Gladstone Commercial by 51.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 667,966 shares of the real estate investment trust's stock valued at $10,848,000 after purchasing an additional 226,602 shares during the last quarter. 45.51% of the stock is currently owned by institutional investors.

Gladstone Commercial Stock Performance

GOOD traded up $0.06 during trading hours on Friday, hitting $14.35. The stock had a trading volume of 442,544 shares, compared to its average volume of 308,555. The company's fifty day simple moving average is $14.10 and its 200 day simple moving average is $15.47. Gladstone Commercial Co. has a 1 year low of $12.67 and a 1 year high of $17.88. The stock has a market cap of $664.16 million, a PE ratio of 55.19, a price-to-earnings-growth ratio of 1.82 and a beta of 1.21. The company has a quick ratio of 3.54, a current ratio of 5.68 and a debt-to-equity ratio of 4.05.

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

Gladstone Commercial Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 22nd were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, May 21st. This represents a dividend yield of 8.66%. Gladstone Commercial's dividend payout ratio (DPR) is presently 413.79%.

Gladstone Commercial 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.