MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 80,843 Shares of Gladstone Commercial Co. (NASDAQ:GOOD)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) by 11.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 801,407 shares of the real estate investment trust's stock after purchasing an additional 80,843 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 1.82% of Gladstone Commercial worth $13,015,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Lazard Asset Management LLC purchased a new position in shares of Gladstone Commercial in the 4th quarter worth $42,000. Deutsche Bank AG boosted its position in Gladstone Commercial by 36.6% in the fourth quarter. Deutsche Bank AG now owns 31,137 shares of the real estate investment trust's stock worth $506,000 after purchasing an additional 8,339 shares during the last quarter. Baird Financial Group Inc. boosted its position in Gladstone Commercial by 50.3% in the fourth quarter. Baird Financial Group Inc. now owns 10,613 shares of the real estate investment trust's stock worth $172,000 after purchasing an additional 3,552 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Gladstone Commercial by 33.5% during the 4th quarter. Bank of America Corp DE now owns 53,102 shares of the real estate investment trust's stock valued at $862,000 after purchasing an additional 13,316 shares during the period. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Gladstone Commercial during the 4th quarter valued at about $518,000. Institutional investors own 45.51% of the company's stock.

Gladstone Commercial Stock Performance

Shares of GOOD traded up $0.04 on Monday, reaching $14.29. The company's stock had a trading volume of 452,965 shares, compared to its average volume of 301,117. The stock's 50 day simple moving average is $14.26 and its two-hundred day simple moving average is $15.65. The company has a debt-to-equity ratio of 4.05, a current ratio of 5.68 and a quick ratio of 3.54. The stock has a market capitalization of $661.38 million, a P/E ratio of 54.96, a PEG ratio of 1.82 and a beta of 1.21. Gladstone Commercial Co. has a 12-month low of $12.67 and a 12-month high of $17.88.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $37.50 million for the quarter, compared to analysts' expectations of $37.33 million. Gladstone Commercial had a net margin of 16.09% and a return on equity of 15.16%. Research analysts forecast that Gladstone Commercial Co. will post 1.45 earnings per share for the current fiscal year.

Gladstone Commercial Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd were issued a dividend of $0.10 per share. This represents a yield of 8.5%. The ex-dividend date of this dividend was Monday, April 21st. Gladstone Commercial's dividend payout ratio is presently 413.79%.

About Gladstone Commercial

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.