Gladstone Commercial Corporation $GOOD Shares Sold by XML Financial LLC

XML Financial LLC lowered its holdings in shares of Gladstone Commercial Corporation (NASDAQ:GOODFree Report) by 35.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 237,689 shares of the real estate investment trust’s stock after selling 130,669 shares during the period. XML Financial LLC owned 0.49% of Gladstone Commercial worth $2,536,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in Gladstone Commercial by 751.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,788 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,578 shares during the period. International Assets Investment Management LLC acquired a new stake in Gladstone Commercial during the 4th quarter worth $25,000. Advisory Services Network LLC acquired a new stake in Gladstone Commercial during the 3rd quarter worth $34,000. Danske Bank A S acquired a new stake in Gladstone Commercial during the 4th quarter worth $30,000. Finally, Parallel Advisors LLC boosted its stake in Gladstone Commercial by 71.1% during the 3rd quarter. Parallel Advisors LLC now owns 2,811 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 1,168 shares during the period. Institutional investors and hedge funds own 45.51% of the company’s stock.

Gladstone Commercial Stock Up 1.1%

Shares of NASDAQ GOOD opened at $12.75 on Friday. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 5.13. Gladstone Commercial Corporation has a 52 week low of $10.33 and a 52 week high of $15.03. The firm has a 50-day moving average price of $12.37 and a 200 day moving average price of $11.75. The stock has a market capitalization of $617.23 million, a price-to-earnings ratio of 70.84 and a beta of 1.08.

Gladstone Commercial (NASDAQ:GOODGet Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.35 EPS for the quarter, beating the consensus estimate of $0.05 by $0.30. Gladstone Commercial had a net margin of 12.74% and a return on equity of 12.11%. The firm had revenue of $41.91 million during the quarter, compared to analysts’ expectations of $42.94 million. Equities research analysts anticipate that Gladstone Commercial Corporation will post 1.41 EPS for the current fiscal year.

Gladstone Commercial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be paid a $0.10 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 9.4%. Gladstone Commercial’s dividend payout ratio (DPR) is 666.67%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on GOOD shares. Wall Street Zen upgraded shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. B. Riley Financial reiterated a “neutral” rating and set a $12.50 price target (up from $11.00) on shares of Gladstone Commercial in a research note on Tuesday, February 24th. Finally, Weiss Ratings upgraded shares of Gladstone Commercial from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $12.75.

Read Our Latest Research Report on GOOD

Gladstone Commercial Company Profile

(Free Report)

Gladstone Commercial Corporation is a real estate investment trust (REIT) that focuses on the acquisition and long‐term ownership of industrial and office properties throughout the United States. The company’s portfolio emphasizes both single‐tenant net‐leased investments and multi‐tenant assets, targeting properties that provide stable, predictable rental income. Gladstone Commercial seeks to grow shareholder value through both internal cash flow from its existing portfolio and strategic property acquisitions in markets with strong occupancy trends.

The company’s primary business activities include identifying, underwriting and acquiring commercial real estate assets that support light industrial users and professional office tenants.

See Also

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Institutional Ownership by Quarter for Gladstone Commercial (NASDAQ:GOOD)

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