Teacher Retirement System of Texas Lowers Stock Holdings in Gladstone Commercial Corporation (NASDAQ:GOOD)

Teacher Retirement System of Texas lowered its stake in shares of Gladstone Commercial Corporation (NASDAQ:GOOD) by 6.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 88,028 shares of the real estate investment trust’s stock after selling 5,920 shares during the quarter. Teacher Retirement System of Texas owned about 0.19% of Gladstone Commercial worth $1,319,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. New York State Teachers Retirement System purchased a new position in shares of Gladstone Commercial during the first quarter worth about $26,000. Lazard Asset Management LLC purchased a new position in shares of Gladstone Commercial during the fourth quarter worth about $42,000. Quarry LP purchased a new position in shares of Gladstone Commercial during the fourth quarter worth about $48,000. Ameriflex Group Inc. purchased a new position in shares of Gladstone Commercial during the fourth quarter worth about $97,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Gladstone Commercial during the fourth quarter worth about $112,000. Hedge funds and other institutional investors own 45.51% of the company’s stock.

Gladstone Commercial Price Performance

Shares of GOOD opened at $14.00 on Friday. Gladstone Commercial Corporation has a twelve month low of $12.67 and a twelve month high of $17.88. The stock’s 50 day moving average is $14.29 and its two-hundred day moving average is $14.96. The firm has a market capitalization of $647.92 million, a PE ratio of 48.28, a P/E/G ratio of 1.65 and a beta of 1.15. The company has a current ratio of 4.72, a quick ratio of 4.72 and a debt-to-equity ratio of 4.06.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. Gladstone Commercial had a return on equity of 15.32% and a net margin of 16.97%. The business had revenue of $37.50 million for the quarter, compared to analyst estimates of $37.33 million. Research analysts anticipate that Gladstone Commercial Corporation will post 1.45 earnings per share for the current year.

Gladstone Commercial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, July 21st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, July 21st. This represents a $1.20 annualized dividend and a yield of 8.57%. Gladstone Commercial’s dividend payout ratio (DPR) is presently 413.79%.

About Gladstone Commercial

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.