SG Americas Securities LLC Increases Position in Gladstone Commercial Co. (NASDAQ:GOOD)

SG Americas Securities LLC raised its stake in shares of Gladstone Commercial Co. (NASDAQ:GOOD) by 384.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 83,441 shares of the real estate investment trust’s stock after purchasing an additional 66,201 shares during the period. SG Americas Securities LLC owned 0.18% of Gladstone Commercial worth $1,250,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Lazard Asset Management LLC bought a new position in shares of Gladstone Commercial in the 4th quarter worth about $42,000. Quarry LP acquired a new position in shares of Gladstone Commercial in the 4th quarter worth approximately $48,000. Ameriflex Group Inc. acquired a new position in shares of Gladstone Commercial in the 4th quarter worth approximately $97,000. KLP Kapitalforvaltning AS acquired a new position in shares of Gladstone Commercial in the 4th quarter worth approximately $112,000. Finally, GAMMA Investing LLC increased its position in shares of Gladstone Commercial by 2,063.9% in the first quarter. GAMMA Investing LLC now owns 8,569 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 8,173 shares in the last quarter. Hedge funds and other institutional investors own 45.51% of the company’s stock.

Gladstone Commercial Stock Performance

Gladstone Commercial stock opened at $14.51 on Tuesday. The company has a debt-to-equity ratio of 4.05, a current ratio of 5.68 and a quick ratio of 3.54. The company has a market cap of $671.57 million, a P/E ratio of 55.81, a price-to-earnings-growth ratio of 1.82 and a beta of 1.16. The firm’s 50 day simple moving average is $14.14 and its 200-day simple moving average is $15.25. Gladstone Commercial Co. has a fifty-two week low of $12.67 and a fifty-two week high of $17.88.

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

Gladstone Commercial Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 22nd were issued a $0.10 dividend. This represents a dividend yield of 8.66%. The ex-dividend date of this dividend was Wednesday, May 21st. Gladstone Commercial’s payout ratio is 413.79%.

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.