Gladstone Commercial Co. (NASDAQ:GOOD) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its holdings in Gladstone Commercial Co. (NASDAQ:GOOD) by 27.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,311 shares of the real estate investment trust’s stock after selling 7,923 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.05% of Gladstone Commercial worth $346,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Freestone Capital Holdings LLC acquired a new stake in shares of Gladstone Commercial during the 1st quarter worth about $1,107,000. GSA Capital Partners LLP increased its stake in 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 purchasing an additional 76,499 shares during the last quarter. Vanguard Group Inc. raised its holdings in Gladstone Commercial by 1.3% during the first quarter. Vanguard Group Inc. now owns 4,046,166 shares of the real estate investment trust’s stock worth $55,999,000 after purchasing an additional 53,802 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Gladstone Commercial by 1,524.0% during the 3rd quarter. International Assets Investment Management LLC now owns 37,644 shares of the real estate investment trust’s stock worth $611,000 after buying an additional 35,326 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Gladstone Commercial by 2.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,410,120 shares of the real estate investment trust’s stock valued at $20,122,000 after buying an additional 34,400 shares in the last quarter. 45.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GOOD. StockNews.com cut shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Canaccord Genuity Group raised Gladstone Commercial to a “strong-buy” rating in a research report on Friday, October 4th. Finally, B. Riley restated a “neutral” rating and set a $15.00 price target (up previously from $13.50) on shares of Gladstone Commercial in a research note on Thursday, October 10th.

Gladstone Commercial Trading Up 6.4 %

NASDAQ GOOD opened at $17.04 on Wednesday. The firm’s fifty day moving average is $15.91 and its two-hundred day moving average is $14.89. Gladstone Commercial Co. has a one year low of $11.40 and a one year high of $17.14. The company has a debt-to-equity ratio of 4.95, a quick ratio of 3.29 and a current ratio of 3.29. The firm has a market cap of $724.71 million, a PE ratio of -426.00, a P/E/G ratio of 1.85 and a beta of 1.21.

Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.37). Gladstone Commercial had a return on equity of 7.34% and a net margin of 7.90%. The company had revenue of $37.06 million for the quarter, compared to analyst estimates of $35.89 million. During the same period in the previous year, the business posted $0.41 earnings per share. Analysts expect that Gladstone Commercial Co. will post 1.4 earnings per share for the current year.

Gladstone Commercial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.20 dividend on an annualized basis and a yield of 7.04%. Gladstone Commercial’s dividend payout ratio (DPR) is -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 January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock.