Gladstone Commercial Co. (NASDAQ:GOOD) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in Gladstone Commercial Co. (NASDAQ:GOOD) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 58,028 shares of the real estate investment trust’s stock after purchasing an additional 1,003 shares during the quarter. Victory Capital Management Inc.’s holdings in Gladstone Commercial were worth $768,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. EMC Capital Management grew its position in Gladstone Commercial by 363.8% in the 3rd quarter. EMC Capital Management now owns 9,275 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 7,275 shares during the last quarter. First Citizens Bank & Trust Co. acquired a new stake in shares of Gladstone Commercial in the 4th quarter worth $161,000. Dark Forest Capital Management LP purchased a new stake in shares of Gladstone Commercial in the third quarter valued at about $160,000. New York State Common Retirement Fund raised its holdings in Gladstone Commercial by 16.6% during the fourth quarter. New York State Common Retirement Fund now owns 13,563 shares of the real estate investment trust’s stock worth $180,000 after purchasing an additional 1,932 shares in the last quarter. Finally, Raymond James & Associates lifted its position in Gladstone Commercial by 21.9% in the third quarter. Raymond James & Associates now owns 14,297 shares of the real estate investment trust’s stock valued at $174,000 after purchasing an additional 2,568 shares during the period. Institutional investors and hedge funds own 45.51% of the company’s stock.

Gladstone Commercial Trading Down 0.7 %

Shares of Gladstone Commercial stock opened at $14.42 on Thursday. The company has a 50-day moving average of $13.68 and a two-hundred day moving average of $13.17. The stock has a market cap of $577.58 million, a PE ratio of -75.89, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 4.85. Gladstone Commercial Co. has a 12-month low of $10.99 and a 12-month high of $15.04.

Gladstone Commercial (NASDAQ:GOOD) last issued 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 firm had revenue of $35.91 million for the quarter, compared to analyst estimates of $36.80 million. Gladstone Commercial had a return on equity of 3.19% and a net margin of 3.60%. On average, research analysts anticipate that Gladstone Commercial Co. will post 1.45 EPS for the current fiscal year.

Gladstone Commercial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be given a $0.10 dividend. The ex-dividend date is Tuesday, June 18th. This represents a $1.20 annualized dividend and a dividend yield of 8.32%. Gladstone Commercial’s dividend payout ratio is presently -631.58%.

Wall Street Analysts Forecast Growth

GOOD has been the subject of a number of analyst reports. Alliance Global Partners assumed coverage on Gladstone Commercial in a research note on Monday, March 18th. They set a “buy” rating and a $15.50 target price for the company. StockNews.com raised Gladstone Commercial from a “hold” rating to a “buy” rating in a report on Monday, May 13th.

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.