12,191 Shares in Gladstone Commercial Co. (NASDAQ:GOOD) Purchased by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. acquired a new position in Gladstone Commercial Co. (NASDAQ:GOODFree Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,191 shares of the real estate investment trust’s stock, valued at approximately $161,000.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Gladstone Commercial by 0.9% during the first quarter. Vanguard Group Inc. now owns 3,878,891 shares of the real estate investment trust’s stock worth $85,412,000 after purchasing an additional 33,911 shares in the last quarter. BlackRock Inc. lifted its stake in Gladstone Commercial by 18.9% during the second quarter. BlackRock Inc. now owns 3,282,405 shares of the real estate investment trust’s stock worth $40,603,000 after purchasing an additional 522,242 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Gladstone Commercial by 6.4% during the first quarter. Renaissance Technologies LLC now owns 2,207,120 shares of the real estate investment trust’s stock worth $48,601,000 after purchasing an additional 133,700 shares in the last quarter. State Street Corp lifted its stake in Gladstone Commercial by 5.7% during the second quarter. State Street Corp now owns 994,215 shares of the real estate investment trust’s stock worth $12,298,000 after purchasing an additional 53,564 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Gladstone Commercial by 6.1% during the second quarter. Geode Capital Management LLC now owns 921,253 shares of the real estate investment trust’s stock worth $11,396,000 after purchasing an additional 52,871 shares in the last quarter. 45.51% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Commercial Stock Down 0.2 %

Shares of NASDAQ GOOD opened at $13.43 on Thursday. The business’s fifty day simple moving average is $12.96 and its 200-day simple moving average is $12.77. The stock has a market cap of $541.36 million, a P/E ratio of -61.05, a PEG ratio of 1.64 and a beta of 1.15. Gladstone Commercial Co. has a 12-month low of $10.84 and a 12-month high of $14.14. The company has a current ratio of 3.90, a quick ratio of 3.90 and a debt-to-equity ratio of 4.79.

Gladstone Commercial (NASDAQ:GOODGet Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.31). Gladstone Commercial had a return on equity of 2.36% and a net margin of 2.82%. The firm had revenue of $35.91 million for the quarter, compared to analysts’ expectations of $36.80 million. As a group, equities analysts predict that Gladstone Commercial Co. will post 1.38 EPS for the current fiscal year.

Gladstone Commercial Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 21st were issued a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.94%. The ex-dividend date of this dividend was Wednesday, March 20th. Gladstone Commercial’s dividend payout ratio is currently -545.45%.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners started coverage on Gladstone Commercial in a research note on Monday, March 18th. They set a “buy” rating and a $15.50 price target on the stock.

Read Our Latest Stock Analysis on GOOD

Gladstone Commercial Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding GOOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gladstone Commercial Co. (NASDAQ:GOODFree Report).

Institutional Ownership by Quarter for Gladstone Commercial (NASDAQ:GOOD)

Receive News & Ratings for Gladstone Commercial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Commercial and related companies with MarketBeat.com's FREE daily email newsletter.