Invesco Ltd. Lowers Position in Gladstone Commercial Co. (NASDAQ:GOOD)

Invesco Ltd. trimmed its position in Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) by 32.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 541,866 shares of the real estate investment trust's stock after selling 254,537 shares during the quarter. Invesco Ltd. owned approximately 1.23% of Gladstone Commercial worth $8,800,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its holdings in shares of 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 in the last quarter. Arizona State Retirement System increased its position in shares of Gladstone Commercial by 7.0% during the fourth quarter. Arizona State Retirement System now owns 12,344 shares of the real estate investment trust's stock worth $200,000 after acquiring an additional 811 shares in the last quarter. Atomi Financial Group Inc. increased its position in shares of Gladstone Commercial by 8.0% during the fourth quarter. Atomi Financial Group Inc. now owns 12,256 shares of the real estate investment trust's stock worth $199,000 after acquiring an additional 908 shares in the last quarter. Register Financial Advisors LLC increased its position in shares of Gladstone Commercial by 2.2% during the fourth quarter. Register Financial Advisors LLC now owns 53,342 shares of the real estate investment trust's stock worth $866,000 after acquiring an additional 1,166 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Gladstone Commercial by 6.5% during the fourth quarter. State of Alaska Department of Revenue now owns 20,246 shares of the real estate investment trust's stock worth $328,000 after acquiring an additional 1,242 shares in the last quarter. Institutional investors own 45.51% of the company's stock.

Gladstone Commercial Stock Down 0.1 %

Shares of GOOD stock traded down $0.01 during trading hours on Tuesday, hitting $14.09. 25,128 shares of the company were exchanged, compared to its average volume of 293,358. The business has a 50 day moving average of $14.74 and a two-hundred day moving average of $15.85. 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 Co. has a 52 week low of $12.67 and a 52 week high of $17.88. The company has a market capitalization of $644.72 million, a PE ratio of 54.15, a PEG ratio of 1.82 and a beta of 1.17.

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

Gladstone Commercial Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 22nd will be given a $0.10 dividend. This represents a dividend yield of 8.5%. The ex-dividend date is Monday, April 21st. Gladstone Commercial's dividend payout ratio (DPR) is presently 461.54%.

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.