California State Teachers Retirement System Has $646,000 Holdings in Gladstone Commercial Co. (NASDAQ:GOOD)

California State Teachers Retirement System boosted its position in Gladstone Commercial Co. (NASDAQ:GOOD) by 5.1% in the fourth quarter, HoldingsChannel reports. The firm owned 39,791 shares of the real estate investment trust’s stock after buying an additional 1,921 shares during the quarter. California State Teachers Retirement System’s holdings in Gladstone Commercial were worth $646,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Lazard Asset Management LLC purchased a new stake in Gladstone Commercial in the 4th quarter worth approximately $42,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Gladstone Commercial during the fourth quarter valued at about $43,000. Quarry LP purchased a new stake in Gladstone Commercial in the fourth quarter worth about $48,000. Ameriflex Group Inc. purchased a new stake in Gladstone Commercial in the fourth quarter worth about $97,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Gladstone Commercial during the fourth quarter valued at approximately $112,000. 45.51% of the stock is owned by institutional investors.

Gladstone Commercial Stock Down 0.6%

Shares of Gladstone Commercial stock opened at $14.73 on Thursday. 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 Co. has a twelve month low of $12.67 and a twelve month high of $17.88. The company has a market cap of $681.75 million, a price-to-earnings ratio of 56.65, a price-to-earnings-growth ratio of 1.82 and a beta of 1.16. The company’s 50 day moving average is $14.06 and its 200 day moving average is $15.35.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.34 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 16.09% and a return on equity of 15.16%. Research analysts anticipate that Gladstone Commercial Co. will post 1.45 EPS for the current year.

Gladstone Commercial Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 22nd were paid a $0.10 dividend. The ex-dividend date was Wednesday, May 21st. This represents a dividend yield of 8.66%. Gladstone Commercial’s payout ratio is currently 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.