Wealthfront Advisers LLC Takes $194,000 Position in Gladstone Commercial Co. (NASDAQ:GOOD)

Wealthfront Advisers LLC acquired a new stake in Gladstone Commercial Co. (NASDAQ:GOOD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,921 shares of the real estate investment trust’s stock, valued at approximately $194,000.

Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in Gladstone Commercial by 51.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 667,966 shares of the real estate investment trust’s stock worth $10,848,000 after acquiring an additional 226,602 shares during the period. Strategic Financial Concepts LLC acquired a new stake in Gladstone Commercial during the fourth quarter worth about $1,471,000. JPMorgan Chase & Co. grew its holdings in Gladstone Commercial by 78.9% during the third quarter. JPMorgan Chase & Co. now owns 181,118 shares of the real estate investment trust’s stock worth $2,941,000 after acquiring an additional 79,893 shares during the period. Martingale Asset Management L P acquired a new stake in Gladstone Commercial during the third quarter worth about $947,000. Finally, Bank of New York Mellon Corp grew its holdings in Gladstone Commercial by 39.3% during the fourth quarter. Bank of New York Mellon Corp now owns 177,473 shares of the real estate investment trust’s stock worth $2,882,000 after acquiring an additional 50,052 shares during the period. 45.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Gladstone Commercial Stock Performance

Shares of GOOD stock opened at $15.05 on Tuesday. The company has a market capitalization of $665.10 million, a P/E ratio of 57.88, a P/E/G ratio of 1.82 and a beta of 1.24. The business’s 50 day moving average is $15.95 and its two-hundred day moving average is $16.21. The company has a current ratio of 5.68, a quick ratio of 3.54 and a debt-to-equity ratio of 4.05. Gladstone Commercial Co. has a 12-month low of $12.85 and a 12-month high of $17.88.

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

Gladstone Commercial Dividend Announcement

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

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.