Los Angeles Capital Management LLC Trims Stock Holdings in Gladstone Commercial Co. (NASDAQ:GOOD)

Los Angeles Capital Management LLC reduced its holdings in shares of Gladstone Commercial Co. (NASDAQ:GOOD) by 13.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,296 shares of the real estate investment trust’s stock after selling 18,700 shares during the quarter. Los Angeles Capital Management LLC owned about 0.28% of Gladstone Commercial worth $2,002,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. International Assets Investment Management LLC boosted its stake in Gladstone Commercial by 1,524.0% in the 3rd quarter. International Assets Investment Management LLC now owns 37,644 shares of the real estate investment trust’s stock worth $611,000 after purchasing an additional 35,326 shares during the period. EMC Capital Management boosted its position in shares of Gladstone Commercial by 374.8% in the third quarter. EMC Capital Management now owns 34,840 shares of the real estate investment trust’s stock valued at $566,000 after acquiring an additional 27,502 shares during the period. Asset Management One Co. Ltd. grew its stake in Gladstone Commercial by 3.9% during the third quarter. Asset Management One Co. Ltd. now owns 58,177 shares of the real estate investment trust’s stock valued at $945,000 after acquiring an additional 2,209 shares in the last quarter. Quest Partners LLC purchased a new position in Gladstone Commercial during the third quarter valued at approximately $612,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Gladstone Commercial by 36.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 441,364 shares of the real estate investment trust’s stock worth $7,168,000 after purchasing an additional 117,988 shares in the last quarter. 45.51% of the stock is owned by institutional investors.

Gladstone Commercial Stock Performance

Shares of GOOD opened at $16.23 on Friday. Gladstone Commercial Co. has a 12-month low of $12.19 and a 12-month high of $17.88. The company has a current ratio of 5.68, a quick ratio of 3.54 and a debt-to-equity ratio of 4.05. The company has a market cap of $717.25 million, a PE ratio of 62.42, a price-to-earnings-growth ratio of 1.82 and a beta of 1.25. The stock has a 50-day moving average price of $16.12 and a 200-day moving average price of $16.14.

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

Gladstone Commercial Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.