Janney Montgomery Scott LLC increased its stake in Gladstone Commercial Co. (NASDAQ:GOOD – Get Rating) by 3.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 97,583 shares of the real estate investment trust’s stock after acquiring an additional 3,500 shares during the period. Janney Montgomery Scott LLC owned approximately 0.25% of Gladstone Commercial worth $1,513,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Gladstone Commercial by 0.9% during the first quarter. Vanguard Group Inc. now owns 3,878,891 shares of the real estate investment trust’s stock valued at $85,412,000 after buying an additional 33,911 shares in the last quarter. BlackRock Inc. lifted its position in Gladstone Commercial by 0.6% during the first quarter. BlackRock Inc. now owns 2,637,968 shares of the real estate investment trust’s stock valued at $58,089,000 after buying an additional 15,689 shares in the last quarter. Renaissance Technologies LLC lifted its position in Gladstone Commercial by 0.5% during the second quarter. Renaissance Technologies LLC now owns 2,217,920 shares of the real estate investment trust’s stock valued at $41,786,000 after buying an additional 10,800 shares in the last quarter. State Street Corp lifted its position in Gladstone Commercial by 7.0% during the first quarter. State Street Corp now owns 930,230 shares of the real estate investment trust’s stock valued at $20,484,000 after buying an additional 60,559 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Gladstone Commercial by 11.8% during the first quarter. Invesco Ltd. now owns 643,931 shares of the real estate investment trust’s stock valued at $14,180,000 after buying an additional 67,714 shares in the last quarter. 45.84% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
GOOD has been the topic of a number of analyst reports. StockNews.com initiated coverage on shares of Gladstone Commercial in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. TheStreet lowered shares of Gladstone Commercial from a “c-” rating to a “d+” rating in a research note on Friday, October 7th. Janney Montgomery Scott lowered shares of Gladstone Commercial from a “buy” rating to a “neutral” rating and set a $17.50 price target for the company. in a research note on Friday. Finally, EF Hutton Acquisition Co. I lowered their target price on shares of Gladstone Commercial from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Friday.
Gladstone Commercial Stock Performance
Gladstone Commercial (NASDAQ:GOOD – Get Rating) last posted its quarterly earnings data on Monday, November 7th. The real estate investment trust reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.39). The company had revenue of $39.83 million during the quarter, compared to analyst estimates of $37.14 million. Gladstone Commercial had a return on equity of 4.97% and a net margin of 7.16%. As a group, equities analysts anticipate that Gladstone Commercial Co. will post 1.6 earnings per share for the current year.
Gladstone Commercial Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 17th will be issued a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 7.23%. The ex-dividend date is Thursday, March 16th. Gladstone Commercial’s payout ratio is currently -3,000.00%.
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 September 2020, Gladstone Commercial has paid 189 consecutive monthly cash distributions on its common stock.
- Get a free copy of the StockNews.com research report on Gladstone Commercial (GOOD)
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