EP Wealth Advisors LLC Makes New $169,000 Investment in Gladstone Commercial Corporation $GOOD

EP Wealth Advisors LLC acquired a new position in shares of Gladstone Commercial Corporation (NASDAQ:GOOD) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,309 shares of the real estate investment trust’s stock, valued at approximately $169,000.

Several other hedge funds have also recently bought and sold shares of GOOD. State of Alaska Department of Revenue raised its position in shares of Gladstone Commercial by 4.6% in 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 in the last quarter. State of Wyoming raised its position in shares of Gladstone Commercial by 7.2% in the first quarter. State of Wyoming now owns 17,391 shares of the real estate investment trust’s stock valued at $261,000 after buying an additional 1,170 shares in the last quarter. Intrust Bank NA raised its position in shares of Gladstone Commercial by 4.6% in the first quarter. Intrust Bank NA now owns 31,879 shares of the real estate investment trust’s stock valued at $478,000 after buying an additional 1,400 shares in the last quarter. Swiss National Bank raised its position in shares of Gladstone Commercial by 1.7% in the first quarter. Swiss National Bank now owns 85,100 shares of the real estate investment trust’s stock valued at $1,275,000 after buying an additional 1,400 shares in the last quarter. Finally, New York State Teachers Retirement System acquired a new stake in shares of Gladstone Commercial in the first quarter valued at approximately $26,000. 45.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Gladstone Commercial from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $15.00.

Gladstone Commercial Stock Down 1.2%

Shares of GOOD opened at $12.85 on Thursday. Gladstone Commercial Corporation has a one year low of $12.67 and a one year high of $17.88. The company has a market cap of $598.30 million, a P/E ratio of 35.69, a P/E/G ratio of 1.45 and a beta of 1.16. 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 50 day simple moving average of $13.47 and a two-hundred day simple moving average of $14.14.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. Gladstone Commercial had a net margin of 18.67% and a return on equity of 16.37%. The business had revenue of $39.53 million during the quarter, compared to the consensus estimate of $38.32 million. Research analysts forecast that Gladstone Commercial Corporation will post 1.45 EPS for the current fiscal year.

Gladstone Commercial Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 21st were given a dividend of $0.10 per share. This represents a c) annualized dividend and a yield of 9.3%. The ex-dividend date was Monday, July 21st. Gladstone Commercial’s payout ratio is currently 333.33%.

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.