Gladstone Commercial Corporation $GOOD Shares Bought by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in Gladstone Commercial Corporation by 5.7%, acquiring an additional 242,957 shares during the 1st quarter. Vanguard now owns approximately 9.89% of the company, valued at about $67.81 million.
• Gladstone Commercial recently announced a dividend of $0.10 per share, which reflects a remarkably high yield of 879.0%, although the company has a dividend payout ratio of 333.33%.
• Wall Street analysts have downgraded Gladstone Commercial's stock from a "hold" to a "sell" rating, despite a consensus rating of "Buy" and a price target of $15.00, indicating mixed market sentiment.

Vanguard Group Inc. grew its holdings in Gladstone Commercial Corporation (NASDAQ:GOOD - Free Report) by 5.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,526,797 shares of the real estate investment trust's stock after purchasing an additional 242,957 shares during the period. Vanguard Group Inc. owned approximately 9.89% of Gladstone Commercial worth $67,811,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Wells Fargo & Company MN lifted its stake in Gladstone Commercial by 31.1% during the 4th quarter. Wells Fargo & Company MN now owns 30,581 shares of the real estate investment trust's stock worth $497,000 after acquiring an additional 7,252 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Gladstone Commercial during the 4th quarter worth about $295,000. Barclays PLC lifted its stake in Gladstone Commercial by 20.1% during the 4th quarter. Barclays PLC now owns 74,597 shares of the real estate investment trust's stock worth $1,211,000 after acquiring an additional 12,465 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Gladstone Commercial by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 575,092 shares of the real estate investment trust's stock worth $9,339,000 after acquiring an additional 22,584 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its stake in Gladstone Commercial by 11.5% during the 4th quarter. MetLife Investment Management LLC now owns 28,611 shares of the real estate investment trust's stock worth $465,000 after acquiring an additional 2,960 shares in the last quarter. Institutional investors and hedge funds own 45.51% of the company's stock.

Gladstone Commercial Stock Performance

NASDAQ:GOOD traded down $0.03 during mid-day trading on Friday, reaching $13.27. 41,786 shares of the stock were exchanged, compared to its average volume of 374,129. The company has a 50 day simple moving average of $13.68 and a 200-day simple moving average of $14.31. The stock has a market capitalization of $617.66 million, a P/E ratio of 36.86, a P/E/G ratio of 1.48 and a beta of 1.17. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 4.50. 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 released its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.35. The firm had revenue of $39.53 million for the quarter, compared to the consensus estimate of $38.32 million. Gladstone Commercial had a return on equity of 16.37% and a net margin of 18.67%. Analysts anticipate that Gladstone Commercial Corporation will post 1.45 earnings per share for the current fiscal year.

Gladstone Commercial Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, July 21st were paid a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a yield of 9.0%. The ex-dividend date was Monday, July 21st. Gladstone Commercial's dividend payout ratio (DPR) is currently 333.33%.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Gladstone Commercial from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently 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.