Raymond James Financial Inc. Invests $295,000 in Gladstone Commercial Co. (NASDAQ:GOOD)

Raymond James Financial Inc. bought a new stake in Gladstone Commercial Co. (NASDAQ:GOOD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,177 shares of the real estate investment trust’s stock, valued at approximately $295,000.

Several other hedge funds also recently modified their holdings of GOOD. Geode Capital Management LLC lifted its stake in Gladstone Commercial by 3.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,098,176 shares of the real estate investment trust’s stock valued at $17,837,000 after acquiring an additional 34,017 shares in the last quarter. State Street Corp raised its holdings in shares of Gladstone Commercial by 3.6% in the third quarter. State Street Corp now owns 1,051,383 shares of the real estate investment trust’s stock valued at $17,074,000 after purchasing an additional 36,616 shares during the last quarter. Barclays PLC lifted its position in shares of Gladstone Commercial by 323.4% during the third quarter. Barclays PLC now owns 62,132 shares of the real estate investment trust’s stock valued at $1,009,000 after purchasing an additional 47,456 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Gladstone Commercial by 36.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 441,364 shares of the real estate investment trust’s stock worth $7,168,000 after purchasing an additional 117,988 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Gladstone Commercial by 78.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 181,118 shares of the real estate investment trust’s stock worth $2,941,000 after purchasing an additional 79,893 shares in the last quarter. Hedge funds and other institutional investors own 45.51% of the company’s stock.

Gladstone Commercial Stock Performance

Shares of GOOD stock opened at $13.30 on Friday. The company has a debt-to-equity ratio of 4.05, a quick ratio of 3.54 and a current ratio of 5.68. The firm has a market cap of $608.57 million, a price-to-earnings ratio of 51.15, a P/E/G ratio of 1.82 and a beta of 1.17. Gladstone Commercial Co. has a 52 week low of $12.67 and a 52 week high of $17.88. The firm’s 50-day simple moving average is $15.26 and its two-hundred day simple moving average is $16.03.

Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings data on Tuesday, February 18th. The real estate investment trust reported $0.35 EPS for the quarter, beating the consensus estimate of $0.11 by $0.24. The business had revenue of $37.38 million for the quarter, compared to the consensus estimate of $38.04 million. Gladstone Commercial had a return on equity of 15.16% and a net margin of 16.09%. As a group, equities analysts forecast that Gladstone Commercial Co. will post 1.45 earnings per share for the current year.

Gladstone Commercial Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 21st will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, April 21st. Gladstone Commercial’s dividend payout ratio (DPR) is presently 461.54%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Gladstone Commercial from a “buy” rating to a “hold” rating in a research note 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.