Schonfeld Strategic Advisors LLC Purchases Shares of 31,900 Gladstone Commercial Co. (NASDAQ:GOOD)

Schonfeld Strategic Advisors LLC acquired a new position in shares of Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 31,900 shares of the real estate investment trust's stock, valued at approximately $518,000. Schonfeld Strategic Advisors LLC owned 0.07% of Gladstone Commercial at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Northern Trust Corp boosted its position in Gladstone Commercial by 22.2% during the fourth quarter. Northern Trust Corp now owns 455,385 shares of the real estate investment trust's stock valued at $7,395,000 after purchasing an additional 82,684 shares during the last quarter. Quarry LP acquired a new stake in shares of Gladstone Commercial during the 4th quarter valued at about $48,000. Price T Rowe Associates Inc. MD grew its stake in shares of Gladstone Commercial by 12.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 28,450 shares of the real estate investment trust's stock valued at $463,000 after buying an additional 3,210 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Gladstone Commercial by 11.5% in the 4th quarter. MetLife Investment Management LLC now owns 28,611 shares of the real estate investment trust's stock valued at $465,000 after buying an additional 2,960 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Gladstone Commercial by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 575,092 shares of the real estate investment trust's stock valued at $9,339,000 after acquiring an additional 22,584 shares in the last quarter. 45.51% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Commercial Stock Up 0.6%

NASDAQ GOOD traded up $0.09 during trading on Tuesday, reaching $14.35. The company's stock had a trading volume of 394,070 shares, compared to its average volume of 296,627. 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 $656.61 million, a PE ratio of 55.19, a PEG ratio of 1.82 and a beta of 1.21. Gladstone Commercial Co. has a 1-year low of $12.67 and a 1-year high of $17.88. The business has a 50-day moving average price of $14.36 and a 200-day moving average price of $15.70.

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

Gladstone Commercial Dividend Announcement

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