Valeo Financial Advisors LLC Takes Position in Gladstone Commercial Co. (NASDAQ:GOOD)

Valeo Financial Advisors LLC acquired a new position in shares of Gladstone Commercial Co. (NASDAQ:GOOD) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 23,396 shares of the real estate investment trust’s stock, valued at approximately $310,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Gladstone Commercial by 0.9% in 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 acquiring an additional 33,911 shares during the last quarter. BlackRock Inc. boosted its stake in Gladstone Commercial by 18.9% during the second quarter. BlackRock Inc. now owns 3,282,405 shares of the real estate investment trust’s stock worth $40,603,000 after buying an additional 522,242 shares during the period. Renaissance Technologies LLC raised its stake in shares of Gladstone Commercial by 6.4% in the 1st quarter. Renaissance Technologies LLC now owns 2,207,120 shares of the real estate investment trust’s stock valued at $48,601,000 after acquiring an additional 133,700 shares during the period. State Street Corp increased its holdings in Gladstone Commercial by 5.7% in the 2nd quarter. State Street Corp now owns 994,215 shares of the real estate investment trust’s stock valued at $12,298,000 after purchasing an additional 53,564 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Gladstone Commercial by 6.1% during the second quarter. Geode Capital Management LLC now owns 921,253 shares of the real estate investment trust’s stock worth $11,396,000 after purchasing an additional 52,871 shares in the last quarter. 45.51% of the stock is owned by hedge funds and other institutional investors.

Gladstone Commercial Trading Down 0.6 %

NASDAQ GOOD opened at $13.13 on Tuesday. 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 firm has a market cap of $529.27 million, a price-to-earnings ratio of -59.68, a PEG ratio of 1.59 and a beta of 1.15. The firm has a 50 day simple moving average of $13.01 and a 200-day simple moving average of $12.82. Gladstone Commercial Co. has a one year low of $10.84 and a one year high of $14.14.

Gladstone Commercial (NASDAQ:GOOD) last issued its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.03 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 analysts’ expectations of $36.80 million. Gladstone Commercial had a net margin of 2.82% and a return on equity of 2.36%. Equities research analysts anticipate that Gladstone Commercial Co. will post 1.38 EPS for the current fiscal year.

Gladstone Commercial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $1.20 annualized dividend and a yield of 9.14%. Gladstone Commercial’s payout ratio is -545.45%.

Analyst Ratings Changes

Separately, Alliance Global Partners initiated coverage on Gladstone Commercial in a research note on Monday, March 18th. They issued a “buy” rating and a $15.50 price objective for the company.

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.