Renaissance Technologies LLC Has $20.12 Million Stock Holdings in Gladstone Commercial Co. (NASDAQ:GOOD)

Renaissance Technologies LLC boosted its position in Gladstone Commercial Co. (NASDAQ:GOOD) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,410,120 shares of the real estate investment trust’s stock after acquiring an additional 34,400 shares during the quarter. Renaissance Technologies LLC owned 3.52% of Gladstone Commercial worth $20,122,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Ballentine Partners LLC increased its stake in shares of Gladstone Commercial by 5.3% in the 2nd quarter. Ballentine Partners LLC now owns 14,214 shares of the real estate investment trust’s stock valued at $203,000 after purchasing an additional 714 shares during the last quarter. Daiwa Securities Group Inc. grew its position in Gladstone Commercial by 4.8% in the second quarter. Daiwa Securities Group Inc. now owns 19,087 shares of the real estate investment trust’s stock valued at $272,000 after acquiring an additional 867 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its stake in Gladstone Commercial by 7.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 17,990 shares of the real estate investment trust’s stock worth $250,000 after acquiring an additional 1,185 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Gladstone Commercial by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 159,547 shares of the real estate investment trust’s stock worth $2,277,000 after acquiring an additional 1,327 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Gladstone Commercial by 7.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,618 shares of the real estate investment trust’s stock valued at $327,000 after purchasing an additional 1,609 shares during the last quarter. 45.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th.

Gladstone Commercial Trading Down 1.7 %

Shares of GOOD stock opened at $15.79 on Friday. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 4.95. The firm has a market capitalization of $632.45 million, a P/E ratio of -83.11, a P/E/G ratio of 1.86 and a beta of 1.21. Gladstone Commercial Co. has a twelve month low of $11.40 and a twelve month high of $16.43. The stock’s fifty day simple moving average is $15.01 and its 200 day simple moving average is $14.25.

Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.37). Gladstone Commercial had a net margin of 7.90% and a return on equity of 7.34%. The firm had revenue of $37.06 million during the quarter, compared to analyst estimates of $35.89 million. During the same period in the prior year, the company earned $0.41 EPS. As a group, sell-side analysts predict that Gladstone Commercial Co. will post 1.38 EPS for the current fiscal year.

Gladstone Commercial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, September 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.60%. Gladstone Commercial’s dividend payout ratio (DPR) is presently -631.58%.

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.