Legal & General Group Plc Has $620,000 Stake in Gladstone Commercial Co. (NASDAQ:GOOD)

Legal & General Group Plc reduced its stake in shares of Gladstone Commercial Co. (NASDAQ:GOOD) by 5.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,160 shares of the real estate investment trust’s stock after selling 2,375 shares during the quarter. Legal & General Group Plc owned about 0.09% of Gladstone Commercial worth $620,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of GOOD. LPL Financial LLC raised its holdings in Gladstone Commercial by 0.6% in the fourth quarter. LPL Financial LLC now owns 117,327 shares of the real estate investment trust’s stock worth $1,905,000 after purchasing an additional 710 shares during the period. Arizona State Retirement System increased its holdings in shares of Gladstone Commercial by 7.0% in the fourth quarter. Arizona State Retirement System now owns 12,344 shares of the real estate investment trust’s stock worth $200,000 after acquiring an additional 811 shares in the last quarter. Atomi Financial Group Inc. raised its holdings in Gladstone Commercial by 8.0% during the 4th quarter. Atomi Financial Group Inc. now owns 12,256 shares of the real estate investment trust’s stock worth $199,000 after buying an additional 908 shares during the period. Register Financial Advisors LLC lifted its position in Gladstone Commercial by 2.2% in the 4th quarter. Register Financial Advisors LLC now owns 53,342 shares of the real estate investment trust’s stock valued at $866,000 after acquiring an additional 1,166 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Gladstone Commercial by 6.5% in the 4th quarter. State of Alaska Department of Revenue now owns 20,246 shares of the real estate investment trust’s stock worth $328,000 after purchasing an additional 1,242 shares during the period. Institutional investors own 45.51% of the company’s stock.

Gladstone Commercial Stock Performance

GOOD opened at $14.10 on Tuesday. The company has a market capitalization of $645.17 million, a price-to-earnings ratio of 54.23, a P/E/G ratio of 1.82 and a beta of 1.17. The business’s 50-day moving average price is $14.74 and its two-hundred day moving average price is $15.85. Gladstone Commercial Co. has a 1 year low of $12.67 and a 1 year high of $17.88. The company has a debt-to-equity ratio of 4.05, a current ratio of 5.68 and a quick ratio of 3.54.

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

Gladstone Commercial Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 22nd will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, April 21st. This represents a yield of 8.5%. Gladstone Commercial’s payout ratio is presently 461.54%.

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.