Asset Management One Co. Ltd. Reduces Position in Gladstone Commercial Co. (NASDAQ:GOOD)

Asset Management One Co. Ltd. reduced its position in Gladstone Commercial Co. (NASDAQ:GOOD) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,307 shares of the real estate investment trust’s stock after selling 2,164 shares during the quarter. Asset Management One Co. Ltd. owned 0.16% of Gladstone Commercial worth $863,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Legal & General Group Plc raised its holdings in shares of Gladstone Commercial by 4.1% in the fourth quarter. Legal & General Group Plc now owns 17,569 shares of the real estate investment trust’s stock worth $325,000 after buying an additional 696 shares during the period. Cetera Advisor Networks LLC increased its stake in Gladstone Commercial by 5.2% in the first quarter. Cetera Advisor Networks LLC now owns 15,759 shares of the real estate investment trust’s stock worth $347,000 after purchasing an additional 778 shares during the period. Osaic Holdings Inc. lifted its position in shares of Gladstone Commercial by 10.0% during the second quarter. Osaic Holdings Inc. now owns 8,724 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 790 shares during the last quarter. Guggenheim Capital LLC boosted its stake in shares of Gladstone Commercial by 7.2% during the third quarter. Guggenheim Capital LLC now owns 13,133 shares of the real estate investment trust’s stock valued at $204,000 after purchasing an additional 886 shares during the period. Finally, FMR LLC grew its holdings in shares of Gladstone Commercial by 22.6% in the second quarter. FMR LLC now owns 4,945 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 911 shares during the last quarter. Institutional investors own 45.51% of the company’s stock.

Gladstone Commercial Trading Down 1.0 %

GOOD opened at $13.21 on Friday. The company has a quick ratio of 3.90, a current ratio of 3.90 and a debt-to-equity ratio of 4.79. The stock’s fifty day moving average is $13.00 and its two-hundred day moving average is $12.81. The company has a market capitalization of $532.50 million, a P/E ratio of -60.05, a PEG ratio of 1.61 and a beta of 1.15. Gladstone Commercial Co. has a 52 week low of $10.84 and a 52 week high of $14.14.

Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.31). The firm had revenue of $35.91 million for the quarter, compared to the consensus estimate of $36.80 million. Gladstone Commercial had a return on equity of 2.36% and a net margin of 2.82%. Analysts forecast that Gladstone Commercial Co. will post 1.38 earnings per share for the current year.

Gladstone Commercial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.20 annualized dividend and a dividend yield of 9.08%. Gladstone Commercial’s dividend payout ratio is currently -545.45%.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners started coverage on shares of Gladstone Commercial in a report on Monday, March 18th. They set a “buy” rating and a $15.50 price objective for the company.

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.