AlphaQuest LLC Reduces Holdings in Gladstone Commercial Co. (NASDAQ:GOOD)

AlphaQuest LLC trimmed its position in shares of Gladstone Commercial Co. (NASDAQ:GOOD) by 68.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,719 shares of the real estate investment trust’s stock after selling 25,957 shares during the quarter. AlphaQuest LLC’s holdings in Gladstone Commercial were worth $190,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Quest Partners LLC acquired a new position in Gladstone Commercial during the third quarter worth $612,000. Charles Schwab Investment Management Inc. boosted its stake in Gladstone Commercial by 36.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 441,364 shares of the real estate investment trust’s stock worth $7,168,000 after buying an additional 117,988 shares during the last quarter. Penserra Capital Management LLC boosted its stake in Gladstone Commercial by 22.9% during the third quarter. Penserra Capital Management LLC now owns 69,008 shares of the real estate investment trust’s stock worth $1,120,000 after buying an additional 12,865 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Gladstone Commercial by 11.6% during the third quarter. Daiwa Securities Group Inc. now owns 21,304 shares of the real estate investment trust’s stock worth $346,000 after buying an additional 2,217 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its stake in Gladstone Commercial by 11.3% during the third quarter. D.A. Davidson & CO. now owns 30,445 shares of the real estate investment trust’s stock worth $494,000 after buying an additional 3,081 shares during the last quarter. 45.51% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Commercial Stock Performance

Shares of Gladstone Commercial stock opened at $14.89 on Monday. Gladstone Commercial Co. has a 52 week low of $12.85 and a 52 week high of $17.88. The business’s fifty day simple moving average is $15.97 and its 200-day simple moving average is $16.21. The firm has a market cap of $658.03 million, a PE ratio of 57.27, a price-to-earnings-growth ratio of 1.82 and a beta of 1.24. The company has a quick ratio of 3.54, a current ratio of 5.68 and a debt-to-equity ratio of 4.05.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings results on Tuesday, February 18th. The real estate investment trust reported $0.35 EPS for the quarter, beating the consensus estimate of $0.11 by $0.24. Gladstone Commercial had a return on equity of 15.16% and a net margin of 16.09%. The business had revenue of $37.38 million for the quarter, compared to analyst estimates of $38.04 million. Equities analysts forecast that Gladstone Commercial Co. will post 1.45 earnings per share for the current year.

Gladstone Commercial Announces Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were paid a dividend of $0.10 per share. This represents a yield of 7.48%. The ex-dividend date of this dividend was Friday, January 24th. Gladstone Commercial’s payout ratio is 461.54%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

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.