Renaissance Technologies LLC Lowers Holdings in Gladstone Commercial Co. (NASDAQ:GOOD)

Renaissance Technologies LLC reduced its position in shares of Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,408,954 shares of the real estate investment trust's stock after selling 30,766 shares during the period. Renaissance Technologies LLC owned 3.21% of Gladstone Commercial worth $22,881,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Gladstone Commercial by 33.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,675 shares of the real estate investment trust's stock worth $742,000 after purchasing an additional 11,340 shares during the period. State Street Corp increased its stake in shares of Gladstone Commercial by 3.6% in the 3rd quarter. State Street Corp now owns 1,051,383 shares of the real estate investment trust's stock worth $17,074,000 after acquiring an additional 36,616 shares in the last quarter. Barclays PLC boosted its stake in Gladstone Commercial by 323.4% during the third quarter. Barclays PLC now owns 62,132 shares of the real estate investment trust's stock worth $1,009,000 after acquiring an additional 47,456 shares in the last quarter. Geode Capital Management LLC grew its holdings in Gladstone Commercial by 3.2% in the third quarter. Geode Capital Management LLC now owns 1,098,176 shares of the real estate investment trust's stock worth $17,837,000 after purchasing an additional 34,017 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Gladstone Commercial by 78.9% during the third quarter. JPMorgan Chase & Co. now owns 181,118 shares of the real estate investment trust's stock valued at $2,941,000 after purchasing an additional 79,893 shares in the last quarter. 45.51% of the stock is owned by institutional investors.

Gladstone Commercial Stock Up 1.1 %

Gladstone Commercial stock traded up $0.15 during mid-day trading on Friday, hitting $14.17. The company had a trading volume of 289,720 shares, compared to its average volume of 289,234. Gladstone Commercial Co. has a 12 month low of $12.67 and a 12 month high of $17.88. The company has a market capitalization of $648.38 million, a PE ratio of 54.50, a price-to-earnings-growth ratio of 1.82 and a beta of 1.17. The stock's 50 day moving average price is $15.02 and its two-hundred day moving average price is $15.95. The company has a current ratio of 5.68, a quick ratio of 3.54 and a debt-to-equity ratio of 4.05.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.24. Gladstone Commercial had a return on equity of 15.16% and a net margin of 16.09%. The business had revenue of $37.38 million for the quarter, compared to analysts' expectations of $38.04 million. As a group, sell-side analysts anticipate that Gladstone Commercial Co. will post 1.45 earnings per share for the current fiscal year.

Gladstone Commercial Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 21st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, April 21st. Gladstone Commercial's payout ratio is 461.54%.

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.