Gladstone Commercial Co. (NASDAQ:GOOD) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC decreased its position in shares of Gladstone Commercial Co. (NASDAQ:GOOD) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,039 shares of the real estate investment trust’s stock after selling 1,162 shares during the quarter. Voya Investment Management LLC’s holdings in Gladstone Commercial were worth $212,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC increased its position in shares of Gladstone Commercial by 0.6% in the fourth quarter. LPL Financial LLC now owns 117,327 shares of the real estate investment trust’s stock valued at $1,905,000 after buying an additional 710 shares in the last quarter. Arizona State Retirement System increased its position in shares of Gladstone Commercial by 7.0% in the fourth quarter. Arizona State Retirement System now owns 12,344 shares of the real estate investment trust’s stock valued at $200,000 after buying an additional 811 shares in the last quarter. Atomi Financial Group Inc. increased its position in shares of Gladstone Commercial by 8.0% in the fourth quarter. Atomi Financial Group Inc. now owns 12,256 shares of the real estate investment trust’s stock valued at $199,000 after buying an additional 908 shares in the last quarter. Register Financial Advisors LLC increased its position in shares of Gladstone Commercial by 2.2% in the fourth quarter. Register Financial Advisors LLC now owns 53,342 shares of the real estate investment trust’s stock valued at $866,000 after buying an additional 1,166 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Gladstone Commercial by 6.5% in the fourth quarter. State of Alaska Department of Revenue now owns 20,246 shares of the real estate investment trust’s stock valued at $328,000 after buying an additional 1,242 shares in the last quarter. Institutional investors and hedge funds own 45.51% of the company’s stock.

Gladstone Commercial Stock Up 0.6%

Gladstone Commercial stock opened at $14.35 on Wednesday. The stock has a market capitalization of $656.61 million, a PE ratio of 55.19, a price-to-earnings-growth ratio of 1.82 and a beta of 1.21. Gladstone Commercial Co. has a 12 month low of $12.67 and a 12 month high of $17.88. The business has a 50 day simple moving average of $14.33 and a 200-day simple moving average of $15.69. The company has a debt-to-equity ratio of 4.05, a current ratio of 5.68 and a quick ratio of 3.54.

Gladstone Commercial (NASDAQ:GOOD) last issued its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. Gladstone Commercial had a return on equity of 15.16% and a net margin of 16.09%. The firm had revenue of $37.50 million during the quarter, compared to analysts’ expectations of $37.33 million. On average, analysts anticipate that Gladstone Commercial Co. will post 1.45 EPS for the current fiscal year.

Gladstone Commercial Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 22nd were paid a $0.10 dividend. This represents a dividend yield of 8.5%. The ex-dividend date of this dividend was Monday, April 21st. Gladstone Commercial’s dividend payout ratio (DPR) is presently 413.79%.

Gladstone Commercial 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.