Gladstone Commercial Corporation $GOOD Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. decreased its position in shares of Gladstone Commercial Corporation (NASDAQ:GOOD) by 8.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,973 shares of the real estate investment trust’s stock after selling 2,632 shares during the period. D.A. Davidson & CO. owned about 0.06% of Gladstone Commercial worth $387,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in Gladstone Commercial during the 2nd quarter worth about $945,000. GSA Capital Partners LLP acquired a new position in Gladstone Commercial during the 1st quarter worth about $547,000. MQS Management LLC acquired a new position in Gladstone Commercial during the 1st quarter worth about $753,000. Nuveen LLC acquired a new stake in Gladstone Commercial in the 1st quarter valued at about $1,668,000. Finally, Exchange Traded Concepts LLC raised its position in Gladstone Commercial by 21.4% in the 2nd quarter. Exchange Traded Concepts LLC now owns 112,201 shares of the real estate investment trust’s stock valued at $1,608,000 after purchasing an additional 19,742 shares in the last quarter. Institutional investors and hedge funds own 45.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Gladstone Commercial in a report on Wednesday, October 8th. Zacks Research downgraded Gladstone Commercial from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Finally, Wall Street Zen cut Gladstone Commercial from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Gladstone Commercial has a consensus rating of “Reduce”.

Gladstone Commercial Stock Performance

NASDAQ GOOD opened at $11.32 on Friday. Gladstone Commercial Corporation has a fifty-two week low of $11.13 and a fifty-two week high of $17.88. The stock has a market cap of $527.06 million, a price-to-earnings ratio of 31.44, a price-to-earnings-growth ratio of 1.26 and a beta of 1.11. The business has a fifty day moving average of $12.36 and a 200-day moving average of $13.42. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 4.50.

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

Gladstone Commercial Announces Dividend

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