MQS Management LLC Invests $252,000 in Gladstone Commercial Co. (NASDAQ:GOOD)

MQS Management LLC acquired a new stake in shares of Gladstone Commercial Co. (NASDAQ:GOOD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 17,664 shares of the real estate investment trust’s stock, valued at approximately $252,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOD. Freestone Capital Holdings LLC purchased a new stake in Gladstone Commercial during the 1st quarter valued at $1,107,000. GSA Capital Partners LLP increased its position in Gladstone Commercial by 436.0% during the first quarter. GSA Capital Partners LLP now owns 94,043 shares of the real estate investment trust’s stock valued at $1,302,000 after acquiring an additional 76,499 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Gladstone Commercial by 1.3% in the first quarter. Vanguard Group Inc. now owns 4,046,166 shares of the real estate investment trust’s stock valued at $55,999,000 after acquiring an additional 53,802 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Gladstone Commercial in the first quarter worth about $113,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of 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 valued at $92,000 after purchasing an additional 2,828 shares during the period. Institutional investors own 45.51% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut 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 %

NASDAQ:GOOD opened at $15.79 on Friday. Gladstone Commercial Co. has a one year low of $11.40 and a one year high of $16.43. The business has a fifty day moving average price of $15.01 and a 200-day moving average price of $14.25. The firm has a market capitalization of $632.45 million, a price-to-earnings ratio of -83.11, a price-to-earnings-growth ratio of 1.86 and a beta of 1.21. The company has a debt-to-equity ratio of 4.95, a current ratio of 3.29 and a quick ratio of 3.29.

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

Gladstone Commercial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be given a $0.10 dividend. 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 payout ratio is currently -631.58%.

Gladstone Commercial 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.