KLP Kapitalforvaltning AS Raises Position in Gladstone Commercial Corporation $GOOD

KLP Kapitalforvaltning AS grew its position in Gladstone Commercial Corporation (NASDAQ:GOOD) by 69.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 11,700 shares of the real estate investment trust’s stock after buying an additional 4,800 shares during the period. KLP Kapitalforvaltning AS’s holdings in Gladstone Commercial were worth $168,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of GOOD. Vanguard Group Inc. raised its holdings in Gladstone Commercial by 5.7% in the first quarter. Vanguard Group Inc. now owns 4,526,797 shares of the real estate investment trust’s stock worth $67,811,000 after buying an additional 242,957 shares during the last quarter. Millennium Management LLC lifted its stake in Gladstone Commercial by 525.8% during the 1st quarter. Millennium Management LLC now owns 256,182 shares of the real estate investment trust’s stock valued at $3,838,000 after acquiring an additional 215,245 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Gladstone Commercial by 22.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 815,997 shares of the real estate investment trust’s stock valued at $12,224,000 after acquiring an additional 148,031 shares during the period. Jane Street Group LLC bought a new position in Gladstone Commercial during the 1st quarter valued at about $1,805,000. Finally, Nuveen LLC bought a new position in Gladstone Commercial during the 1st quarter valued at about $1,668,000. 45.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on GOOD shares. Wall Street Zen cut shares of Gladstone Commercial from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Weiss Ratings restated a “hold (c)” rating on shares of Gladstone Commercial in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Gladstone Commercial Price Performance

Shares of NASDAQ:GOOD opened at $11.59 on Tuesday. The firm’s 50 day moving average price is $12.64 and its 200-day moving average price is $13.53. Gladstone Commercial Corporation has a twelve month low of $11.26 and a twelve month high of $17.88. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 4.50. The stock has a market capitalization of $539.63 million, a PE ratio of 32.19, a price-to-earnings-growth ratio of 1.28 and a beta of 1.11.

Gladstone Commercial (NASDAQ:GOOD) last issued its quarterly earnings data 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. Gladstone Commercial had a net margin of 18.67% and a return on equity of 16.37%. The firm had revenue of $39.53 million for the quarter, compared to analysts’ expectations of $38.32 million. Equities research analysts expect that Gladstone Commercial Corporation will post 1.45 EPS for the current year.

Gladstone Commercial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be paid a $0.10 dividend. This represents a c) annualized dividend and a dividend yield of 10.4%. The ex-dividend date is Monday, December 22nd. Gladstone Commercial’s dividend payout ratio is 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.