MQS Management LLC Takes $252,000 Position in Gladstone Commercial Co. (NASDAQ:GOOD)

MQS Management LLC bought a new position in shares of Gladstone Commercial Co. (NASDAQ:GOOD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 17,664 shares of the real estate investment trust’s stock, valued at approximately $252,000.

Other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in Gladstone Commercial by 68.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,948 shares of the real estate investment trust’s stock worth $92,000 after purchasing an additional 2,828 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Gladstone Commercial in the first quarter worth $113,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Gladstone Commercial by 17.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 47,793 shares of the real estate investment trust’s stock worth $661,000 after acquiring an additional 7,088 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Gladstone Commercial by 31.7% during the first quarter. BNP Paribas Financial Markets now owns 19,655 shares of the real estate investment trust’s stock valued at $272,000 after acquiring an additional 4,731 shares in the last quarter. Finally, Central Pacific Bank Trust Division bought a new stake in Gladstone Commercial in the 1st quarter valued at $64,000. Hedge funds and other institutional investors own 45.51% of the company’s stock.

Gladstone Commercial Trading Down 1.7 %

GOOD stock opened at $15.79 on Friday. Gladstone Commercial Co. has a twelve month low of $11.40 and a twelve month high of $16.43. The stock has a market capitalization of $632.45 million, a price-to-earnings ratio of -83.11, a price-to-earnings-growth ratio of 1.86 and a beta of 1.21. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 4.95. The firm’s fifty day simple moving average is $15.01 and its two-hundred day simple moving average is $14.25.

Gladstone Commercial (NASDAQ:GOOD) last released its earnings results on Tuesday, August 6th. The real estate investment trust reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.37). Gladstone Commercial had a return on equity of 7.34% and a net margin of 7.90%. The business had revenue of $37.06 million for the quarter, compared to the consensus estimate of $35.89 million. During the same quarter last year, the business posted $0.41 earnings per share. As a group, analysts anticipate that Gladstone Commercial Co. will post 1.38 earnings per share for the current year.

Gladstone Commercial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be given a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 7.60%. The ex-dividend date of this dividend is Friday, September 20th. Gladstone Commercial’s payout ratio is currently -631.58%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th.

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.