Intrust Bank NA Grows Position in Gladstone Commercial Corporation (NASDAQ:GOOD)

Intrust Bank NA grew its stake in Gladstone Commercial Corporation (NASDAQ:GOOD) by 4.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,879 shares of the real estate investment trust’s stock after acquiring an additional 1,400 shares during the quarter. Intrust Bank NA owned about 0.07% of Gladstone Commercial worth $478,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. GSA Capital Partners LLP purchased a new position in Gladstone Commercial in the first quarter valued at about $547,000. LPL Financial LLC grew its position in shares of Gladstone Commercial by 13.8% in the 1st quarter. LPL Financial LLC now owns 133,525 shares of the real estate investment trust’s stock worth $2,000,000 after buying an additional 16,198 shares during the last quarter. Kapitalo Investimentos Ltda bought a new position in shares of Gladstone Commercial during the 1st quarter worth approximately $214,000. MQS Management LLC purchased a new stake in Gladstone Commercial during the first quarter valued at approximately $753,000. Finally, Penserra Capital Management LLC lifted its position in Gladstone Commercial by 20.9% during the first quarter. Penserra Capital Management LLC now owns 65,417 shares of the real estate investment trust’s stock valued at $979,000 after acquiring an additional 11,287 shares during the last quarter. 45.51% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Commercial Price Performance

NASDAQ GOOD opened at $13.06 on Thursday. The firm’s fifty day simple moving average is $14.12 and its two-hundred day simple moving average is $14.66. The firm has a market capitalization of $604.42 million, a P/E ratio of 45.04, a P/E/G ratio of 1.56 and a beta of 1.17. The company has a current ratio of 4.72, a quick ratio of 4.72 and a debt-to-equity ratio of 4.06. Gladstone Commercial Corporation has a 12-month low of $12.67 and a 12-month high of $17.88.

Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The firm had revenue of $37.50 million for the quarter, compared to the consensus estimate of $37.33 million. Gladstone Commercial had a net margin of 16.97% and a return on equity of 15.32%. Analysts forecast that Gladstone Commercial Corporation will post 1.45 EPS for the current fiscal year.

Gladstone Commercial Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 22nd were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, July 21st. This represents a dividend yield of 879.0%. Gladstone Commercial’s payout ratio is 413.79%.

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.