Gladstone Commercial Co. (NASDAQ:GOOD) Shares Acquired by Intrust Bank NA

Intrust Bank NA increased its position in Gladstone Commercial Co. (NASDAQ:GOOD) by 36.6% in the 4th quarter, Holdings Channel reports. The firm owned 29,279 shares of the real estate investment trust’s stock after buying an additional 7,846 shares during the period. Intrust Bank NA’s holdings in Gladstone Commercial were worth $388,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. EMC Capital Management lifted its holdings in shares of Gladstone Commercial by 363.8% in the 3rd quarter. EMC Capital Management now owns 9,275 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 7,275 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new stake in shares of Gladstone Commercial in the 4th quarter valued at about $161,000. Dark Forest Capital Management LP purchased a new stake in shares of Gladstone Commercial in the 3rd quarter valued at about $160,000. New York State Common Retirement Fund raised its stake in Gladstone Commercial by 16.6% during the 4th quarter. New York State Common Retirement Fund now owns 13,563 shares of the real estate investment trust’s stock valued at $180,000 after acquiring an additional 1,932 shares during the last quarter. Finally, Raymond James & Associates raised its stake in Gladstone Commercial by 21.9% during the 3rd quarter. Raymond James & Associates now owns 14,297 shares of the real estate investment trust’s stock valued at $174,000 after acquiring an additional 2,568 shares during the last quarter. 45.51% of the stock is owned by hedge funds and other institutional investors.

Gladstone Commercial Stock Up 1.4 %

GOOD opened at $13.56 on Thursday. The business has a 50 day moving average price of $13.17 and a two-hundred day moving average price of $12.93. The company has a quick ratio of 3.90, a current ratio of 3.90 and a debt-to-equity ratio of 4.79. Gladstone Commercial Co. has a 52 week low of $10.84 and a 52 week high of $14.14.

Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.31). The company had revenue of $35.91 million for the quarter, compared to analysts’ expectations of $36.80 million. Gladstone Commercial had a net margin of 2.82% and a return on equity of 2.36%. On average, equities research analysts predict that Gladstone Commercial Co. will post 1.38 EPS for the current fiscal year.

Gladstone Commercial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 19th will be given a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 8.85%. The ex-dividend date of this dividend is Tuesday, June 18th. Gladstone Commercial’s payout ratio is -545.45%.

Analyst Ratings Changes

Separately, Alliance Global Partners started coverage on Gladstone Commercial in a research note on Monday, March 18th. They set a “buy” rating and a $15.50 price objective for the company.

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.