Gladstone Commercial Co. (NASDAQ:GOOD) Shares Sold by Winslow Evans & Crocker Inc.

Winslow Evans & Crocker Inc. lowered its position in Gladstone Commercial Co. (NASDAQ:GOOD) by 35.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,300 shares of the real estate investment trust’s stock after selling 700 shares during the period. Winslow Evans & Crocker Inc.’s holdings in Gladstone Commercial were worth $28,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NEXT Financial Group Inc acquired a new stake in shares of Gladstone Commercial in the 2nd quarter worth approximately $25,000. Gradient Investments LLC acquired a new stake in shares of Gladstone Commercial in the 2nd quarter worth approximately $32,000. PNC Financial Services Group Inc. grew its holdings in shares of Gladstone Commercial by 24.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,568 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 500 shares during the period. Advisory Services Network LLC grew its holdings in shares of Gladstone Commercial by 138.3% in the 1st quarter. Advisory Services Network LLC now owns 3,446 shares of the real estate investment trust’s stock worth $72,000 after acquiring an additional 2,000 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Gladstone Commercial by 29.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 4,800 shares of the real estate investment trust’s stock worth $100,000 after acquiring an additional 1,100 shares during the period. Institutional investors and hedge funds own 55.61% of the company’s stock.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Friday. BidaskClub cut Gladstone Commercial from a “hold” rating to a “sell” rating in a report on Saturday, July 13th. Finally, ValuEngine cut Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $22.50.

NASDAQ:GOOD traded down $0.09 during trading hours on Friday, reaching $21.26. 394 shares of the company traded hands, compared to its average volume of 85,858. The firm’s 50-day simple moving average is $21.35. The stock has a market capitalization of $645.78 million, a PE ratio of 13.37, a P/E/G ratio of 2.68 and a beta of 0.84. The company has a debt-to-equity ratio of 2.14, a quick ratio of 14.94 and a current ratio of 14.94. Gladstone Commercial Co. has a 1-year low of $16.89 and a 1-year high of $22.83.

Gladstone Commercial (NASDAQ:GOOD) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.42). The company had revenue of $28.20 million for the quarter, compared to analyst estimates of $28.55 million. Gladstone Commercial had a net margin of 11.41% and a return on equity of 4.90%. As a group, sell-side analysts predict that Gladstone Commercial Co. will post 1.59 EPS for the current year.

The business also recently announced a monthly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, July 22nd were issued a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a yield of 7.06%. The ex-dividend date was Friday, July 19th. Gladstone Commercial’s dividend payout ratio (DPR) is presently 94.34%.

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 April 2019, Gladstone Commercial has paid 172 consecutive monthly cash distributions on its common stock.

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

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