Public Employees Retirement System of Ohio Purchases Shares of 65,937 Gladstone Commercial Corporation $GOOD

Key Points

• The Public Employees Retirement System of Ohio acquired 65,937 shares of Gladstone Commercial Corporation, totaling approximately $945,000, representing 0.14% ownership in the company.
• Gladstone Commercial recently reported a quarterly earnings per share of $0.35, aligning with analysts' expectations, alongside a net margin of 18.67% and revenue of $39.53 million.
• The company has announced a monthly dividend of $0.10 per share, resulting in an annualized yield of 9.9%, despite a high dividend payout ratio of 333.33%.

Public Employees Retirement System of Ohio purchased a new stake in Gladstone Commercial Corporation (NASDAQ:GOOD - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 65,937 shares of the real estate investment trust's stock, valued at approximately $945,000. Public Employees Retirement System of Ohio owned approximately 0.14% of Gladstone Commercial as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. New York State Teachers Retirement System bought a new stake in shares of Gladstone Commercial in the first quarter worth $26,000. Quarry LP lifted its position in shares of Gladstone Commercial by 99.1% in the first quarter. Quarry LP now owns 5,928 shares of the real estate investment trust's stock worth $89,000 after purchasing an additional 2,951 shares in the last quarter. Strs Ohio bought a new stake in shares of Gladstone Commercial in the first quarter worth $120,000. GAMMA Investing LLC increased its holdings in Gladstone Commercial by 2,063.9% during the first quarter. GAMMA Investing LLC now owns 8,569 shares of the real estate investment trust's stock worth $128,000 after buying an additional 8,173 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in Gladstone Commercial during the first quarter worth $169,000. Institutional investors own 45.51% of the company's stock.

Gladstone Commercial Trading Down 0.3%

GOOD opened at $12.16 on Friday. Gladstone Commercial Corporation has a twelve month low of $12.10 and a twelve month high of $17.88. The company has a 50-day simple moving average of $13.02 and a 200 day simple moving average of $13.79. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 4.50. The stock has a market capitalization of $566.17 million, a price-to-earnings ratio of 33.78, a P/E/G ratio of 1.36 and a beta of 1.11.

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

Gladstone Commercial Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, July 21st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, July 21st. This represents a c) annualized dividend and a yield of 9.9%. Gladstone Commercial's dividend payout ratio is currently 333.33%.

Wall Street Analyst Weigh In

GOOD has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Gladstone Commercial from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Weiss Ratings restated a "hold (c)" rating on shares of Gladstone Commercial in a report on Saturday, September 27th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price 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.

Want to see what other hedge funds are holding GOOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gladstone Commercial Corporation (NASDAQ:GOOD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.