EMC Capital Management Decreases Stake in Gladstone Commercial Co. (NASDAQ:GOOD)

EMC Capital Management lessened its position in shares of Gladstone Commercial Co. (NASDAQ:GOOD) by 78.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,338 shares of the real estate investment trust’s stock after selling 27,502 shares during the quarter. EMC Capital Management’s holdings in Gladstone Commercial were worth $119,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Register Financial Advisors LLC boosted its position in shares of Gladstone Commercial by 2.2% during the 4th quarter. Register Financial Advisors LLC now owns 53,342 shares of the real estate investment trust’s stock valued at $866,000 after acquiring an additional 1,166 shares during the last quarter. SG Americas Securities LLC raised its stake in Gladstone Commercial by 23.7% during the fourth quarter. SG Americas Securities LLC now owns 17,240 shares of the real estate investment trust’s stock valued at $280,000 after purchasing an additional 3,298 shares in the last quarter. Atomi Financial Group Inc. lifted its position in Gladstone Commercial by 8.0% during 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 purchasing an additional 908 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Gladstone Commercial by 78.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 181,118 shares of the real estate investment trust’s stock worth $2,941,000 after buying an additional 79,893 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Gladstone Commercial by 323.4% in the 3rd quarter. Barclays PLC now owns 62,132 shares of the real estate investment trust’s stock worth $1,009,000 after buying an additional 47,456 shares during the last quarter. Hedge funds and other institutional investors own 45.51% of the company’s stock.

Gladstone Commercial Stock Performance

Shares of NASDAQ:GOOD opened at $16.13 on Friday. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 4.10. Gladstone Commercial Co. has a 12 month low of $11.89 and a 12 month high of $17.88. The company has a market capitalization of $708.43 million, a price-to-earnings ratio of 80.65, a PEG ratio of 1.86 and a beta of 1.25. The firm’s 50-day moving average is $16.51 and its 200 day moving average is $15.93.

Gladstone Commercial Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 27th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a dividend yield of 7.48%. Gladstone Commercial’s dividend payout ratio is 600.00%.

Wall Street Analyst Weigh In

GOOD has been the subject of a number of analyst reports. StockNews.com downgraded shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. B. Riley reaffirmed a “neutral” rating and issued a $15.00 price objective (up from $13.50) on shares of Gladstone Commercial in a research note on Thursday, October 10th. Finally, Canaccord Genuity Group raised Gladstone Commercial to a “strong-buy” rating in a research report on Friday, October 4th.

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.