Teacher Retirement System of Texas Sells 5,920 Shares of Gladstone Commercial Corporation (NASDAQ:GOOD)

Teacher Retirement System of Texas trimmed its holdings in shares of Gladstone Commercial Corporation (NASDAQ:GOOD) by 6.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 approximately 0.19% of Gladstone Commercial worth $1,319,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. LPL Financial LLC grew its position in Gladstone Commercial by 0.6% during the fourth quarter. LPL Financial LLC now owns 117,327 shares of the real estate investment trust’s stock valued at $1,905,000 after buying an additional 710 shares during the period. Arizona State Retirement System grew its position in Gladstone Commercial by 7.0% during the fourth quarter. Arizona State Retirement System now owns 12,344 shares of the real estate investment trust’s stock valued at $200,000 after buying an additional 811 shares during the period. State of Alaska Department of Revenue grew its position in Gladstone Commercial by 4.6% during the first quarter. State of Alaska Department of Revenue now owns 21,170 shares of the real estate investment trust’s stock valued at $316,000 after buying an additional 924 shares during the period. New York State Teachers Retirement System bought a new stake in Gladstone Commercial during the first quarter valued at approximately $26,000. Finally, California State Teachers Retirement System grew its position in Gladstone Commercial by 5.1% during the fourth quarter. California State Teachers Retirement System now owns 39,791 shares of the real estate investment trust’s stock valued at $646,000 after buying an additional 1,921 shares during the period. 45.51% of the stock is currently owned by institutional investors.

Gladstone Commercial Stock Performance

GOOD opened at $14.00 on Friday. The firm has a market cap of $647.92 million, a P/E ratio of 48.28, a PEG ratio of 1.65 and a beta of 1.15. Gladstone Commercial Corporation has a 1-year low of $12.67 and a 1-year high of $17.88. The company has a 50 day simple moving average of $14.29 and a two-hundred day simple moving average of $14.96. The company has a debt-to-equity ratio of 4.06, a current ratio of 4.72 and a quick ratio of 4.72.

Gladstone Commercial (NASDAQ:GOOD) last posted its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The company had revenue of $37.50 million during the quarter, compared to analysts’ expectations of $37.33 million. Gladstone Commercial had a net margin of 16.97% and a return on equity of 15.32%. Equities analysts forecast that Gladstone Commercial Corporation will post 1.45 earnings per share for the current fiscal year.

Gladstone Commercial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, July 21st will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, July 21st. This represents a $1.20 annualized dividend and a yield of 8.57%. 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.