AQR Capital Management LLC Cuts Stock Position in Gladstone Commercial Co. (NASDAQ:GOOD)

AQR Capital Management LLC decreased its position in shares of Gladstone Commercial Co. (NASDAQ:GOOD) by 17.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,715 shares of the real estate investment trust’s stock after selling 6,907 shares during the quarter. AQR Capital Management LLC owned 0.08% of Gladstone Commercial worth $453,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Freestone Capital Holdings LLC acquired a new position in shares of Gladstone Commercial during the 1st quarter worth approximately $1,107,000. GSA Capital Partners LLP lifted its stake in Gladstone Commercial by 436.0% during the 1st quarter. GSA Capital Partners LLP now owns 94,043 shares of the real estate investment trust’s stock worth $1,302,000 after acquiring an additional 76,499 shares in the last quarter. Vanguard Group Inc. raised its position in Gladstone Commercial by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 4,046,166 shares of the real estate investment trust’s stock valued at $55,999,000 after purchasing an additional 53,802 shares in the last quarter. Renaissance Technologies LLC raised its position in Gladstone Commercial by 2.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,410,120 shares of the real estate investment trust’s stock valued at $20,122,000 after purchasing an additional 34,400 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its holdings in shares of Gladstone Commercial by 13.1% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 160,270 shares of the real estate investment trust’s stock valued at $2,218,000 after acquiring an additional 18,587 shares during the last quarter. Institutional investors and hedge funds own 45.51% of the company’s stock.

Gladstone Commercial Price Performance

Shares of NASDAQ:GOOD opened at $16.31 on Wednesday. The business has a fifty day simple moving average of $15.46 and a 200-day simple moving average of $14.59. Gladstone Commercial Co. has a 52 week low of $11.40 and a 52 week high of $16.43. 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 company has a market cap of $653.28 million, a P/E ratio of -85.84, a P/E/G ratio of 1.94 and a beta of 1.21.

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

Gladstone Commercial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be issued a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.36%. The ex-dividend date is Friday, December 20th. Gladstone Commercial’s dividend payout ratio (DPR) is -631.58%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on GOOD shares. Canaccord Genuity Group upgraded Gladstone Commercial to a “strong-buy” rating in a research note on Friday, October 4th. B. Riley reissued a “neutral” rating and issued a $15.00 price target (up from $13.50) on shares of Gladstone Commercial in a report on Thursday, October 10th. Finally, StockNews.com cut Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th.

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.