ProShare Advisors LLC Makes New $193,000 Investment in Gladstone Commercial Co. (NASDAQ:GOOD)

ProShare Advisors LLC purchased a new position in shares of Gladstone Commercial Co. (NASDAQ:GOOD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,910 shares of the real estate investment trust’s stock, valued at approximately $193,000.

Several other large investors have also recently made changes to their positions in the business. Lazard Asset Management LLC purchased a new position in shares of Gladstone Commercial in the fourth quarter worth $42,000. Newbridge Financial Services Group Inc. bought a new stake in Gladstone Commercial in the fourth quarter valued at $43,000. Quarry LP bought a new stake in Gladstone Commercial in the fourth quarter valued at $48,000. KLP Kapitalforvaltning AS bought a new stake in Gladstone Commercial in the fourth quarter valued at $112,000. Finally, Zacks Investment Management bought a new stake in shares of Gladstone Commercial during the 4th quarter valued at $168,000. 45.51% of the stock is owned by hedge funds and other institutional investors.

Gladstone Commercial Stock Performance

Shares of GOOD stock opened at $14.35 on Monday. Gladstone Commercial Co. has a 12 month low of $12.67 and a 12 month high of $17.88. The stock has a market cap of $664.16 million, a PE ratio of 55.19, a price-to-earnings-growth ratio of 1.82 and a beta of 1.21. The company has a current ratio of 5.68, a quick ratio of 3.54 and a debt-to-equity ratio of 4.05. The company’s fifty day moving average price is $14.10 and its 200-day moving average price is $15.46.

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

Gladstone Commercial Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 22nd were issued a dividend of $0.10 per share. This represents a dividend yield of 8.66%. The ex-dividend date of this dividend was Wednesday, May 21st. Gladstone Commercial’s dividend payout ratio (DPR) is presently 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.