Dimensional Fund Advisors LP Acquires 14,452 Shares of Gladstone Commercial Co. (NASDAQ:GOOD)

Dimensional Fund Advisors LP grew its position in shares of Gladstone Commercial Co. (NASDAQ:GOOD) by 2.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 567,878 shares of the real estate investment trust’s stock after buying an additional 14,452 shares during the period. Dimensional Fund Advisors LP owned 1.42% of Gladstone Commercial worth $8,103,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GOOD. PNC Financial Services Group Inc. lifted its holdings in Gladstone Commercial by 68.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,948 shares of the real estate investment trust’s stock worth $92,000 after purchasing an additional 2,828 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Gladstone Commercial during the 1st quarter valued at about $113,000. Sumitomo Mitsui Trust Holdings Inc. grew its position in Gladstone Commercial by 17.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 47,793 shares of the real estate investment trust’s stock worth $661,000 after acquiring an additional 7,088 shares during the last quarter. BNP Paribas Financial Markets grew its position in Gladstone Commercial by 31.7% during the 1st quarter. BNP Paribas Financial Markets now owns 19,655 shares of the real estate investment trust’s stock worth $272,000 after acquiring an additional 4,731 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in Gladstone Commercial during the 1st quarter worth approximately $64,000. Hedge funds and other institutional investors own 45.51% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th.

Gladstone Commercial Trading Down 0.3 %

NASDAQ GOOD opened at $16.00 on Tuesday. The stock has a market cap of $640.86 million, a P/E ratio of -84.21, a price-to-earnings-growth ratio of 1.91 and a beta of 1.21. The company has a debt-to-equity ratio of 4.95, a quick ratio of 3.29 and a current ratio of 3.29. The stock has a 50 day simple moving average of $15.27 and a two-hundred day simple moving average of $14.47. Gladstone Commercial Co. has a fifty-two week low of $11.40 and a fifty-two week high of $16.43.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.37). The company had revenue of $37.06 million for the quarter, compared to analysts’ expectations of $35.89 million. Gladstone Commercial had a net margin of 7.90% and a return on equity of 7.34%. During the same quarter in the previous year, the firm posted $0.41 EPS. On average, analysts forecast that Gladstone Commercial Co. will post 1.38 earnings per share for the current year.

Gladstone Commercial Company 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.