Gladstone Commercial Co. (NASDAQ:GOOD) Shares Bought by Evermay Wealth Management LLC

Evermay Wealth Management LLC grew its holdings in shares of Gladstone Commercial Co. (NASDAQ:GOOD) by 82.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,690 shares of the real estate investment trust’s stock after purchasing an additional 3,475 shares during the period. Evermay Wealth Management LLC’s holdings in Gladstone Commercial were worth $106,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. CANADA LIFE ASSURANCE Co increased its stake in shares of Gladstone Commercial by 7.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 17,990 shares of the real estate investment trust’s stock valued at $250,000 after acquiring an additional 1,185 shares during the period. Vanguard Group Inc. increased its position in shares of Gladstone Commercial by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 4,046,166 shares of the real estate investment trust’s stock valued at $55,999,000 after purchasing an additional 53,802 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of Gladstone Commercial by 20.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 13,861 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 2,380 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in shares of Gladstone Commercial by 436.0% in the first quarter. GSA Capital Partners LLP now owns 94,043 shares of the real estate investment trust’s stock valued at $1,302,000 after buying an additional 76,499 shares during the period. Finally, Central Pacific Bank Trust Division bought a new position in Gladstone Commercial during the first quarter valued at about $64,000. 45.51% of the stock is currently owned by institutional investors.

Gladstone Commercial Price Performance

NASDAQ:GOOD traded up $0.08 during trading hours on Thursday, reaching $14.67. 191,995 shares of the company’s stock were exchanged, compared to its average volume of 240,965. The company has a quick ratio of 3.67, a current ratio of 3.67 and a debt-to-equity ratio of 4.85. The company has a market capitalization of $587.53 million, a P/E ratio of -77.21, a price-to-earnings-growth ratio of 1.82 and a beta of 1.19. Gladstone Commercial Co. has a 12 month low of $11.40 and a 12 month high of $15.04. The business’s 50-day simple moving average is $14.32 and its two-hundred day simple moving average is $13.62.

Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.33). The company had revenue of $35.72 million for the quarter, compared to the consensus estimate of $36.41 million. Gladstone Commercial had a return on equity of 3.19% and a net margin of 3.60%. Sell-side analysts expect that Gladstone Commercial Co. will post 1.36 EPS for the current fiscal year.

Gladstone Commercial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, September 20th. This represents a $1.20 annualized dividend and a yield of 8.18%. Gladstone Commercial’s payout ratio is presently -631.58%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Gladstone Commercial from a “hold” rating to a “buy” rating in a research report on Friday, June 28th.

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.