Cetera Investment Advisers Cuts Stock Holdings in Gladstone Commercial Co. (NASDAQ:GOOD)

Cetera Investment Advisers lessened its holdings in Gladstone Commercial Co. (NASDAQ:GOOD) by 8.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,136 shares of the real estate investment trust’s stock after selling 3,729 shares during the period. Cetera Investment Advisers owned approximately 0.10% of Gladstone Commercial worth $684,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its holdings in Gladstone Commercial by 12.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 28,450 shares of the real estate investment trust’s stock valued at $463,000 after purchasing an additional 3,210 shares during the last quarter. Asset Management One Co. Ltd. raised its position in Gladstone Commercial by 7.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 62,417 shares of the real estate investment trust’s stock valued at $999,000 after purchasing an additional 4,240 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in Gladstone Commercial by 8.0% in the fourth 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 in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Gladstone Commercial in the 4th quarter worth $334,000. Finally, Charles Schwab Investment Management Inc. grew its position in Gladstone Commercial by 51.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 667,966 shares of the real estate investment trust’s stock worth $10,848,000 after acquiring an additional 226,602 shares during the last quarter. 45.51% of the stock is owned by hedge funds and other institutional investors.

Gladstone Commercial Price Performance

Shares of Gladstone Commercial stock opened at $13.85 on Monday. Gladstone Commercial Co. has a 12-month low of $12.67 and a 12-month high of $17.88. The company has a quick ratio of 3.54, a current ratio of 5.68 and a debt-to-equity ratio of 4.05. The company’s fifty day simple moving average is $14.17 and its two-hundred day simple moving average is $15.56. The firm has a market cap of $641.02 million, a PE ratio of 53.27, a price-to-earnings-growth ratio of 1.82 and a beta of 1.21.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. Gladstone Commercial had a return on equity of 15.16% and a net margin of 16.09%. The business had revenue of $37.50 million during the quarter, compared to analyst estimates of $37.33 million. As a group, equities analysts expect that Gladstone Commercial Co. will post 1.45 EPS for the current year.

Gladstone Commercial Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 22nd will be paid a $0.10 dividend. This represents a dividend yield of 8.66%. The ex-dividend date is Wednesday, May 21st. Gladstone Commercial’s dividend payout ratio is currently 413.79%.

Gladstone Commercial Company 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.