Invesco Ltd. Boosts Stock Position in Gladstone Commercial Corporation $GOOD

Key Points

• Invesco Ltd. increased its holdings in Gladstone Commercial Corporation by 15.8%, now owning approximately 1.37% of the company, valued at around $9.40 million.
• Gladstone Commercial recently saw an upgrade from some analysts, but Wall Street Zen downgraded the stock from "hold" to "sell," influencing its overall consensus rating.
• The company has declared a dividend of $0.10 per share, resulting in a significant dividend yield of 879.0%, but has a high payout ratio of 333.33%.

Invesco Ltd. increased its stake in shares of Gladstone Commercial Corporation (NASDAQ:GOOD - Free Report) by 15.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 627,459 shares of the real estate investment trust's stock after purchasing an additional 85,593 shares during the quarter. Invesco Ltd. owned 1.37% of Gladstone Commercial worth $9,399,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GOOD. New York State Teachers Retirement System acquired a new position in Gladstone Commercial during the 1st quarter worth $26,000. Lazard Asset Management LLC acquired a new position in Gladstone Commercial during the 4th quarter worth $42,000. Quarry LP acquired a new position in Gladstone Commercial during the 4th quarter worth $48,000. Ameriflex Group Inc. acquired a new position in Gladstone Commercial during the 4th quarter worth $97,000. Finally, GAMMA Investing LLC grew its stake in Gladstone Commercial by 2,063.9% during the 1st quarter. GAMMA Investing LLC now owns 8,569 shares of the real estate investment trust's stock worth $128,000 after purchasing an additional 8,173 shares in the last quarter. 45.51% of the stock is owned by institutional investors and hedge funds.

Gladstone Commercial Stock Up 1.1%

NASDAQ GOOD traded up $0.15 during trading on Friday, reaching $13.45. 274,028 shares of the company's stock were exchanged, compared to its average volume of 321,725. The stock has a market cap of $626.23 million, a P/E ratio of 37.36, a price-to-earnings-growth ratio of 1.50 and a beta of 1.17. The company has a debt-to-equity ratio of 4.50, a quick ratio of 2.91 and a current ratio of 2.91. The company has a 50 day moving average price of $13.66 and a two-hundred day moving average price of $14.28. Gladstone Commercial Corporation has a 1 year low of $12.67 and a 1 year high of $17.88.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. Gladstone Commercial had a return on equity of 16.37% and a net margin of 18.67%.The business had revenue of $39.53 million during the quarter, compared to the consensus estimate of $38.32 million. On average, equities research analysts anticipate that Gladstone Commercial Corporation will post 1.45 EPS for the current fiscal year.

Gladstone Commercial Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 21st were issued a $0.10 dividend. This represents a c) annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend was Monday, July 21st. Gladstone Commercial's payout ratio is presently 333.33%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Gladstone Commercial from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $15.00.

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.