Gladstone Commercial Co. (NASDAQ:GOOD) Stake Lessened by LSV Asset Management

LSV Asset Management lessened its holdings in Gladstone Commercial Co. (NASDAQ:GOOD) by 1.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 323,100 shares of the real estate investment trust’s stock after selling 4,400 shares during the quarter. LSV Asset Management’s holdings in Gladstone Commercial were worth $4,278,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Gladstone Commercial by 2,656.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 528,301 shares of the real estate investment trust’s stock worth $6,995,000 after acquiring an additional 509,133 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Gladstone Commercial by 28.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 193,818 shares of the real estate investment trust’s stock worth $2,566,000 after purchasing an additional 42,404 shares during the period. International Assets Investment Management LLC purchased a new position in Gladstone Commercial during the fourth quarter valued at approximately $406,000. Valeo Financial Advisors LLC acquired a new position in Gladstone Commercial in the 4th quarter valued at approximately $310,000. Finally, Merit Financial Group LLC purchased a new stake in Gladstone Commercial in the 3rd quarter worth approximately $244,000. Hedge funds and other institutional investors own 45.51% of the company’s stock.

Analyst Ratings Changes

Separately, Alliance Global Partners started coverage on shares of Gladstone Commercial in a research note on Monday, March 18th. They issued a “buy” rating and a $15.50 price target on the stock.

Gladstone Commercial Trading Up 1.3 %

NASDAQ:GOOD opened at $14.58 on Thursday. The company has a debt-to-equity ratio of 4.79, a quick ratio of 3.90 and a current ratio of 3.90. The company has a market capitalization of $587.78 million, a P/E ratio of -76.74, a P/E/G ratio of 1.64 and a beta of 1.14. The stock’s 50 day moving average price is $13.33 and its 200 day moving average price is $12.99. Gladstone Commercial Co. has a 52 week low of $10.84 and a 52 week high of $14.80.

Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.31). The business had revenue of $35.91 million during the quarter, compared to analyst estimates of $36.80 million. Gladstone Commercial had a net margin of 2.82% and a return on equity of 2.36%. On average, research analysts forecast that Gladstone Commercial Co. will post 1.38 EPS for the current fiscal year.

Gladstone Commercial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.23%. The ex-dividend date is Tuesday, June 18th. Gladstone Commercial’s payout ratio is -631.58%.

Gladstone Commercial 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.