Gladstone Commercial Corporation $GOOD Holdings Raised by Cwm LLC

Cwm LLC increased its position in shares of Gladstone Commercial Corporation (NASDAQ:GOOD) by 530.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,728 shares of the real estate investment trust’s stock after acquiring an additional 8,185 shares during the period. Cwm LLC’s holdings in Gladstone Commercial were worth $139,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Gladstone Commercial by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 4,526,797 shares of the real estate investment trust’s stock worth $67,811,000 after purchasing an additional 242,957 shares in the last quarter. Millennium Management LLC raised its stake in shares of 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 worth $3,838,000 after purchasing an additional 215,245 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Gladstone Commercial by 22.2% during the first 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 in the last quarter. Jane Street Group LLC bought a new position in Gladstone Commercial during the first quarter valued at approximately $1,805,000. Finally, Nuveen LLC bought a new position in Gladstone Commercial during the first quarter valued at approximately $1,668,000. 45.51% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Commercial Stock Performance

Shares of GOOD opened at $11.32 on Friday. 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 company’s fifty day moving average price is $12.36 and its 200 day moving average price is $13.42. The company has a market capitalization of $527.06 million, a PE ratio of 31.44, a price-to-earnings-growth ratio of 1.26 and a beta of 1.11. Gladstone Commercial Corporation has a one year low of $11.13 and a one year high of $17.88.

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

Gladstone Commercial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 10.6%. Gladstone Commercial’s payout ratio is 333.33%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Zacks Research lowered shares of Gladstone Commercial from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Wall Street Zen downgraded shares of Gladstone Commercial from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Gladstone Commercial in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

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.