MQS Management LLC Purchases Shares of 50,264 Gladstone Commercial Corporation (NASDAQ:GOOD)

MQS Management LLC purchased a new position in Gladstone Commercial Corporation (NASDAQ:GOOD - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 50,264 shares of the real estate investment trust's stock, valued at approximately $753,000. MQS Management LLC owned about 0.11% of Gladstone Commercial as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. LPL Financial LLC boosted its stake in Gladstone Commercial by 0.6% during the 4th quarter. LPL Financial LLC now owns 117,327 shares of the real estate investment trust's stock valued at $1,905,000 after purchasing an additional 710 shares during the last quarter. Arizona State Retirement System boosted its stake in Gladstone Commercial by 7.0% during the 4th quarter. Arizona State Retirement System now owns 12,344 shares of the real estate investment trust's stock valued at $200,000 after purchasing an additional 811 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Gladstone Commercial by 4.6% during the 1st quarter. State of Alaska Department of Revenue now owns 21,170 shares of the real estate investment trust's stock valued at $316,000 after purchasing an additional 924 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in Gladstone Commercial during the 1st quarter valued at $26,000. Finally, California State Teachers Retirement System boosted its stake in Gladstone Commercial by 5.1% during the 4th quarter. California State Teachers Retirement System now owns 39,791 shares of the real estate investment trust's stock valued at $646,000 after purchasing an additional 1,921 shares during the last quarter. Hedge funds and other institutional investors own 45.51% of the company's stock.

Gladstone Commercial Stock Down 0.6%

GOOD traded down $0.09 during trading on Friday, hitting $14.00. 466,377 shares of the company's stock traded hands, compared to its average volume of 324,275. The company's 50 day simple moving average is $14.29 and its two-hundred day simple moving average is $14.96. The company has a current ratio of 4.72, a quick ratio of 4.72 and a debt-to-equity ratio of 4.06. Gladstone Commercial Corporation has a 12-month low of $12.67 and a 12-month high of $17.88. The stock has a market capitalization of $647.92 million, a price-to-earnings ratio of 48.28, a PEG ratio of 1.65 and a beta of 1.15.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.34. The firm had revenue of $37.50 million for the quarter, compared to the consensus estimate of $37.33 million. Gladstone Commercial had a return on equity of 15.32% and a net margin of 16.97%. Analysts predict that Gladstone Commercial Corporation will post 1.45 earnings per share for the current fiscal year.

Gladstone Commercial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, July 21st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, July 21st. This represents a $1.20 dividend on an annualized basis and a yield of 8.57%. 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.