Raymond James Financial Inc. Invests $295,000 in Gladstone Commercial Co. (NASDAQ:GOOD)

Raymond James Financial Inc. bought a new position in shares of Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,177 shares of the real estate investment trust's stock, valued at approximately $295,000.

A number of other hedge funds also recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. purchased a new stake in shares of Gladstone Commercial during the 4th quarter worth $43,000. KLP Kapitalforvaltning AS purchased a new position in shares of Gladstone Commercial in the 4th quarter worth approximately $112,000. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in Gladstone Commercial during the fourth quarter valued at approximately $192,000. Wealthfront Advisers LLC acquired a new stake in Gladstone Commercial in the fourth quarter valued at approximately $194,000. Finally, Atomi Financial Group Inc. grew its holdings in Gladstone Commercial by 8.0% in the fourth quarter. Atomi Financial Group Inc. now owns 12,256 shares of the real estate investment trust's stock worth $199,000 after purchasing an additional 908 shares during the last quarter. Hedge funds and other institutional investors own 45.51% of the company's stock.

Gladstone Commercial Stock Down 1.9%

Shares of GOOD traded down $0.27 during midday trading on Wednesday, hitting $14.08. 515,585 shares of the company's stock traded hands, compared to its average volume of 297,501. Gladstone Commercial Co. has a 1 year low of $12.67 and a 1 year high of $17.88. The firm's fifty day moving average is $14.33 and its 200-day moving average is $15.69. The company has a current ratio of 5.68, a quick ratio of 3.54 and a debt-to-equity ratio of 4.05. The stock has a market capitalization of $644.26 million, a price-to-earnings ratio of 54.15, a price-to-earnings-growth ratio of 1.82 and a beta of 1.21.

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. Gladstone Commercial had a return on equity of 15.16% and a net margin of 16.09%. The business had revenue of $37.50 million during the quarter, compared to the consensus estimate of $37.33 million. As a group, sell-side analysts anticipate that Gladstone Commercial Co. will post 1.45 earnings per share for the current 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 paid a dividend of $0.10 per share. The ex-dividend date was Monday, April 21st. This represents a yield of 8.5%. Gladstone Commercial's payout ratio is 413.79%.

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.