Swiss National Bank increased its holdings in Gladstone Commercial Corporation (NASDAQ:GOOD – Free Report) by 1.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,100 shares of the real estate investment trust’s stock after purchasing an additional 1,400 shares during the quarter. Swiss National Bank owned approximately 0.19% of Gladstone Commercial worth $1,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also bought and sold shares of the company. State of Alaska Department of Revenue boosted its position in Gladstone Commercial by 4.6% during the 1st 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 acquiring an additional 924 shares in the last quarter. Intrust Bank NA raised its holdings in Gladstone Commercial by 4.6% in the 1st quarter. Intrust Bank NA now owns 31,879 shares of the real estate investment trust’s stock worth $478,000 after acquiring an additional 1,400 shares during the last quarter. New York State Teachers Retirement System purchased a new position in Gladstone Commercial in the 1st quarter worth approximately $26,000. California State Teachers Retirement System raised its holdings in Gladstone Commercial by 5.1% in the 4th quarter. California State Teachers Retirement System now owns 39,791 shares of the real estate investment trust’s stock worth $646,000 after acquiring an additional 1,921 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Gladstone Commercial by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 179,440 shares of the real estate investment trust’s stock worth $2,688,000 after acquiring an additional 1,967 shares during the last quarter. 45.51% of the stock is owned by institutional investors.
Gladstone Commercial Stock Performance
Gladstone Commercial stock opened at $13.19 on Tuesday. The company has a debt-to-equity ratio of 4.50, a current ratio of 2.91 and a quick ratio of 2.91. The firm has a market capitalization of $614.13 million, a P/E ratio of 36.64, a price-to-earnings-growth ratio of 1.49 and a beta of 1.17. The company’s 50-day moving average is $13.75 and its 200 day moving average is $14.35. Gladstone Commercial Corporation has a 1-year low of $12.67 and a 1-year high of $17.88.
Gladstone Commercial Dividend Announcement
The company also recently declared a dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 22nd were issued a $0.10 dividend. This represents a yield of 879.0%. The ex-dividend date of this dividend was Monday, July 21st. Gladstone Commercial’s payout ratio is currently 333.33%.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered shares of Gladstone Commercial from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $15.00.
Read Our Latest Research Report on Gladstone Commercial
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.
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