Rhumbline Advisers Buys 4,469 Shares of Gladstone Commercial Co. (NASDAQ:GOOD)

Rhumbline Advisers increased its stake in Gladstone Commercial Co. (NASDAQ:GOOD) by 6.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,959 shares of the real estate investment trust’s stock after purchasing an additional 4,469 shares during the period. Rhumbline Advisers owned 0.17% of Gladstone Commercial worth $1,185,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. acquired a new stake in shares of Gladstone Commercial in the 4th quarter valued at $43,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Gladstone Commercial by 68.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,116 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 2,885 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Gladstone Commercial during the 4th quarter worth about $192,000. Atomi Financial Group Inc. raised its holdings in Gladstone Commercial by 8.0% during the 4th 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. Finally, SG Americas Securities LLC lifted its position in Gladstone Commercial by 23.7% during the 4th quarter. SG Americas Securities LLC now owns 17,240 shares of the real estate investment trust’s stock valued at $280,000 after purchasing an additional 3,298 shares during the period. Institutional investors and hedge funds own 45.51% of the company’s stock.

Gladstone Commercial Stock Up 0.1 %

NASDAQ:GOOD opened at $15.83 on Thursday. The stock’s fifty day simple moving average is $16.11 and its 200-day simple moving average is $16.18. The firm has a market capitalization of $699.58 million, a P/E ratio of 60.88, a P/E/G ratio of 1.82 and a beta of 1.25. The company has a quick ratio of 3.54, a current ratio of 5.68 and a debt-to-equity ratio of 4.05. Gladstone Commercial Co. has a 12-month low of $12.69 and a 12-month high of $17.88.

Gladstone Commercial (NASDAQ:GOOD) last issued its earnings results on Tuesday, February 18th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.24. The firm had revenue of $37.38 million for the quarter, compared to analysts’ expectations of $38.04 million. Gladstone Commercial had a return on equity of 15.16% and a net margin of 16.09%. Equities research analysts expect that Gladstone Commercial Co. will post 1.45 earnings per share for the current year.

Gladstone Commercial Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were issued a dividend of $0.10 per share. This represents a yield of 7.48%. The ex-dividend date of this dividend was Friday, January 24th. Gladstone Commercial’s dividend payout ratio is currently 461.54%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

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.