Rhumbline Advisers Has $1.08 Million Holdings in Gladstone Commercial Corporation (NASDAQ:GOOD)

Rhumbline Advisers lessened its position in shares of Gladstone Commercial Corporation (NASDAQ:GOOD) by 1.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,850 shares of the real estate investment trust’s stock after selling 1,109 shares during the period. Rhumbline Advisers owned about 0.16% of Gladstone Commercial worth $1,076,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in Gladstone Commercial by 51.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 667,966 shares of the real estate investment trust’s stock valued at $10,848,000 after purchasing an additional 226,602 shares in the last quarter. Vanguard Group Inc. raised its position in Gladstone Commercial by 5.2% during the fourth quarter. Vanguard Group Inc. now owns 4,283,840 shares of the real estate investment trust’s stock worth $69,570,000 after acquiring an additional 213,281 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Gladstone Commercial by 64.2% in the fourth quarter. JPMorgan Chase & Co. now owns 297,473 shares of the real estate investment trust’s stock valued at $4,831,000 after acquiring an additional 116,355 shares during the last quarter. Northern Trust Corp lifted its stake in Gladstone Commercial by 22.2% in the fourth quarter. Northern Trust Corp now owns 455,385 shares of the real estate investment trust’s stock valued at $7,395,000 after acquiring an additional 82,684 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Gladstone Commercial by 11.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 801,407 shares of the real estate investment trust’s stock valued at $13,015,000 after acquiring an additional 80,843 shares during the period. Institutional investors and hedge funds own 45.51% of the company’s stock.

Gladstone Commercial Stock Performance

GOOD opened at $14.51 on Friday. The company has a quick ratio of 4.72, a current ratio of 4.72 and a debt-to-equity ratio of 4.06. Gladstone Commercial Corporation has a 12-month low of $12.67 and a 12-month high of $17.88. The business has a 50 day moving average of $14.20 and a 200-day moving average of $15.22. The stock has a market cap of $671.52 million, a price-to-earnings ratio of 50.04, a PEG ratio of 1.71 and a beta of 1.16.

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 (EPS) for the quarter, hitting the consensus estimate of $0.34. The firm had revenue of $37.50 million during the quarter, compared to the consensus estimate of $37.33 million. Gladstone Commercial had a net margin of 16.97% and a return on equity of 15.32%. On average, equities research analysts expect that Gladstone Commercial Corporation will post 1.45 earnings per share for the current year.

Gladstone Commercial Dividend Announcement

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