Intrust Bank NA Boosts Holdings in Gladstone Commercial Co. (NASDAQ:GOOD)

Intrust Bank NA raised its stake in Gladstone Commercial Co. (NASDAQ:GOOD) by 16.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,479 shares of the real estate investment trust’s stock after acquiring an additional 4,258 shares during the quarter. Intrust Bank NA owned approximately 0.07% of Gladstone Commercial worth $495,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC raised its stake in Gladstone Commercial by 0.6% in the 4th quarter. LPL Financial LLC now owns 117,327 shares of the real estate investment trust’s stock valued at $1,905,000 after acquiring an additional 710 shares during the period. Arizona State Retirement System increased its stake in shares of Gladstone Commercial by 7.0% in the fourth quarter. Arizona State Retirement System now owns 12,344 shares of the real estate investment trust’s stock worth $200,000 after purchasing an additional 811 shares in the last quarter. Atomi Financial Group Inc. raised its position in shares of Gladstone Commercial by 8.0% in 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 period. Register Financial Advisors LLC lifted its stake 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 buying an additional 1,166 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in shares of Gladstone Commercial by 6.5% during the 4th quarter. State of Alaska Department of Revenue now owns 20,246 shares of the real estate investment trust’s stock valued at $328,000 after buying an additional 1,242 shares in the last quarter. 45.51% of the stock is owned by institutional investors.

Gladstone Commercial Stock Up 0.1 %

GOOD stock opened at $14.90 on Monday. The stock has a 50-day simple moving average of $15.74 and a two-hundred day simple moving average of $16.18. Gladstone Commercial Co. has a twelve month low of $12.85 and a twelve month high of $17.88. The firm has a market capitalization of $681.78 million, a PE ratio of 57.31, a PEG ratio of 1.82 and a beta of 1.24. 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 (NASDAQ:GOOD) last issued its quarterly earnings data on Tuesday, February 18th. The real estate investment trust reported $0.35 EPS for the quarter, beating the consensus estimate of $0.11 by $0.24. Gladstone Commercial had a net margin of 16.09% and a return on equity of 15.16%. The company had revenue of $37.38 million during the quarter, compared to analysts’ expectations of $38.04 million. On average, equities analysts predict that Gladstone Commercial Co. will post 1.45 EPS for the current fiscal year.

Gladstone Commercial Dividend Announcement

The firm also recently disclosed 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 dividend yield of 7.48%. Gladstone Commercial’s dividend payout ratio (DPR) is presently 461.54%.

Analyst Upgrades and Downgrades

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

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.