Invesco Ltd. Has $9.40 Million Stock Holdings in Gladstone Commercial Corporation $GOOD

Invesco Ltd. boosted its position in shares of Gladstone Commercial Corporation (NASDAQ:GOOD) by 15.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 627,459 shares of the real estate investment trust’s stock after buying an additional 85,593 shares during the quarter. Invesco Ltd. owned approximately 1.37% of Gladstone Commercial worth $9,399,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Millennium Management LLC grew its holdings in Gladstone Commercial by 103.1% during the 4th quarter. Millennium Management LLC now owns 40,937 shares of the real estate investment trust’s stock worth $665,000 after acquiring an additional 20,776 shares during the period. SG Americas Securities LLC grew its holdings in Gladstone Commercial by 384.0% during the 1st quarter. SG Americas Securities LLC now owns 83,441 shares of the real estate investment trust’s stock worth $1,250,000 after acquiring an additional 66,201 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Gladstone Commercial by 12.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 28,450 shares of the real estate investment trust’s stock worth $463,000 after acquiring an additional 3,210 shares during the period. GSA Capital Partners LLP acquired a new stake in Gladstone Commercial during the 1st quarter worth $547,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Gladstone Commercial by 36.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 62,097 shares of the real estate investment trust’s stock worth $1,008,000 after acquiring an additional 16,422 shares during the period. Institutional investors and hedge funds own 45.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Gladstone Commercial from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Gladstone Commercial has a consensus rating of “Buy” and a consensus target price of $15.00.

Gladstone Commercial Trading Up 1.7%

GOOD opened at $13.32 on Monday. The firm’s fifty day moving average is $13.78 and its two-hundred day moving average is $14.37. The company has a debt-to-equity ratio of 4.50, a quick ratio of 2.91 and a current ratio of 2.91. The firm has a market cap of $620.18 million, a PE ratio of 37.00, a price-to-earnings-growth ratio of 1.49 and a beta of 1.17. Gladstone Commercial Corporation has a twelve month low of $12.67 and a twelve month high of $17.88.

Gladstone Commercial (NASDAQ:GOOD) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. The company had revenue of $39.53 million for the quarter, compared to analyst estimates of $38.32 million. Gladstone Commercial had a net margin of 18.67% and a return on equity of 16.37%. Equities research analysts anticipate that Gladstone Commercial Corporation will post 1.45 EPS for the current year.

Gladstone Commercial Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 22nd were issued a $0.10 dividend. This represents a dividend yield of 879.0%. The ex-dividend date was Monday, July 21st. Gladstone Commercial’s dividend payout ratio is 333.33%.

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.