Parallel Advisors LLC Cuts Stake in Gladstone Commercial Co. (NASDAQ:GOOD)

Parallel Advisors LLC lowered its position in shares of Gladstone Commercial Co. (NASDAQ:GOODFree Report) by 28.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,470 shares of the real estate investment trust’s stock after selling 989 shares during the quarter. Parallel Advisors LLC’s holdings in Gladstone Commercial were worth $33,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of GOOD. EMC Capital Management raised its position in Gladstone Commercial by 363.8% during the 3rd quarter. EMC Capital Management now owns 9,275 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 7,275 shares during the last quarter. Baader Bank Aktiengesellschaft purchased a new position in shares of Gladstone Commercial in the 4th quarter valued at about $140,000. Dark Forest Capital Management LP purchased a new position in shares of Gladstone Commercial in the 3rd quarter valued at about $160,000. First Citizens Bank & Trust Co. purchased a new position in shares of Gladstone Commercial in the 4th quarter valued at about $161,000. Finally, New York State Common Retirement Fund increased its holdings in shares of Gladstone Commercial by 16.6% in the 4th quarter. New York State Common Retirement Fund now owns 13,563 shares of the real estate investment trust’s stock valued at $180,000 after purchasing an additional 1,932 shares in the last quarter. Hedge funds and other institutional investors own 45.51% of the company’s stock.

Gladstone Commercial Stock Performance

NASDAQ:GOOD opened at $14.35 on Friday. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 4.85. The firm has a 50-day moving average price of $13.88 and a two-hundred day moving average price of $13.34. Gladstone Commercial Co. has a twelve month low of $11.40 and a twelve month high of $15.04. The company has a market capitalization of $574.72 million, a P/E ratio of -75.53, a price-to-earnings-growth ratio of 1.79 and a beta of 1.17.

Gladstone Commercial (NASDAQ:GOODGet Free Report) last posted its earnings results on Monday, May 6th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.33). Gladstone Commercial had a net margin of 3.60% and a return on equity of 3.19%. The business had revenue of $35.72 million for the quarter, compared to analysts’ expectations of $36.41 million. As a group, research analysts expect that Gladstone Commercial Co. will post 1.36 earnings per share for the current fiscal year.

Gladstone Commercial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 19th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, June 18th. This represents a $1.20 annualized dividend and a yield of 8.36%. Gladstone Commercial’s dividend payout ratio (DPR) is currently -631.58%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Alliance Global Partners assumed coverage on shares of Gladstone Commercial in a report on Monday, March 18th. They issued a “buy” rating and a $15.50 price target for the company. StockNews.com downgraded shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Monday, May 27th.

Check Out Our Latest Stock Analysis on Gladstone Commercial

Gladstone Commercial Company 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.

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

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