Mirae Asset Global Investments Co. Ltd. raised its position in shares of Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) by 2,656.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 528,301 shares of the real estate investment trust's stock after purchasing an additional 509,133 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 1.32% of Gladstone Commercial worth $6,995,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in Gladstone Commercial by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 3,878,891 shares of the real estate investment trust's stock valued at $85,412,000 after purchasing an additional 33,911 shares in the last quarter. BlackRock Inc. increased its stake in Gladstone Commercial by 18.9% during the 2nd quarter. BlackRock Inc. now owns 3,282,405 shares of the real estate investment trust's stock valued at $40,603,000 after purchasing an additional 522,242 shares in the last quarter. Renaissance Technologies LLC increased its stake in Gladstone Commercial by 6.4% during the 1st quarter. Renaissance Technologies LLC now owns 2,207,120 shares of the real estate investment trust's stock valued at $48,601,000 after purchasing an additional 133,700 shares in the last quarter. State Street Corp increased its stake in Gladstone Commercial by 5.7% during the 2nd quarter. State Street Corp now owns 994,215 shares of the real estate investment trust's stock valued at $12,298,000 after purchasing an additional 53,564 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Gladstone Commercial by 6.1% during the 2nd quarter. Geode Capital Management LLC now owns 921,253 shares of the real estate investment trust's stock valued at $11,396,000 after purchasing an additional 52,871 shares in the last quarter. 45.51% of the stock is currently owned by institutional investors.
Gladstone Commercial Stock Performance
Shares of GOOD stock traded down $0.14 during trading hours on Friday, reaching $13.21. The company had a trading volume of 155,188 shares, compared to its average volume of 251,980. The business has a fifty day moving average price of $13.00 and a 200-day moving average price of $12.81. Gladstone Commercial Co. has a one year low of $10.84 and a one year high of $14.14. The firm has a market cap of $532.55 million, a PE ratio of -60.05, a price-to-earnings-growth ratio of 1.59 and a beta of 1.15. The company has a debt-to-equity ratio of 4.79, a quick ratio of 3.90 and a current ratio of 3.90.
Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.31). Gladstone Commercial had a return on equity of 2.36% and a net margin of 2.82%. The company had revenue of $35.91 million during the quarter, compared to the consensus estimate of $36.80 million. Sell-side analysts predict that Gladstone Commercial Co. will post 1.38 earnings per share for the current fiscal year.
Gladstone Commercial Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, May 16th. This represents a $1.20 annualized dividend and a yield of 9.08%. Gladstone Commercial's dividend payout ratio (DPR) is -545.45%.
Analyst Ratings Changes
Separately, Alliance Global Partners began coverage on shares of Gladstone Commercial in a research note on Monday, March 18th. They issued a "buy" rating and a $15.50 price target for the company.
Read Our Latest Analysis on GOOD
About Gladstone Commercial
(
Free Report)
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.
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