MQS Management LLC Invests $753,000 in Gladstone Commercial Corporation (NASDAQ:GOOD)

MQS Management LLC acquired a new stake in shares of Gladstone Commercial Corporation (NASDAQ:GOOD - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 50,264 shares of the real estate investment trust's stock, valued at approximately $753,000. MQS Management LLC owned 0.11% of Gladstone Commercial at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in 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, KLP Kapitalforvaltning AS acquired a new position in Gladstone Commercial during the 4th quarter worth $112,000. Institutional investors and hedge funds own 45.51% of the company's stock.

Gladstone Commercial Stock Performance

GOOD stock traded up $0.04 during trading on Wednesday, reaching $13.79. 584,977 shares of the company's stock were exchanged, compared to its average volume of 325,391. The company has a quick ratio of 4.72, a current ratio of 4.72 and a debt-to-equity ratio of 4.06. Gladstone Commercial Corporation has a 1-year low of $12.67 and a 1-year high of $17.88. The company's fifty day moving average price is $14.29 and its 200-day moving average price is $14.93. The firm has a market cap of $638.20 million, a PE ratio of 47.55, a P/E/G ratio of 1.62 and a beta of 1.15.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last announced 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. Gladstone Commercial had a return on equity of 15.32% and a net margin of 16.97%. The company had revenue of $37.50 million during the quarter, compared to analyst estimates of $37.33 million. On average, research analysts expect that Gladstone Commercial Corporation will post 1.45 EPS for the current fiscal year.

Gladstone Commercial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.70%. The ex-dividend date of this dividend is Monday, September 22nd. Gladstone Commercial's dividend payout ratio is presently 413.79%.

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.