PharVision Advisers LLC Purchases Shares of 12,609 Gladstone Commercial Co. (NASDAQ:GOOD)

PharVision Advisers LLC purchased a new stake in Gladstone Commercial Co. (NASDAQ:GOOD) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,609 shares of the real estate investment trust’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in Gladstone Commercial by 12.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 28,450 shares of the real estate investment trust’s stock valued at $463,000 after buying an additional 3,210 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in Gladstone Commercial by 7.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 62,417 shares of the real estate investment trust’s stock valued at $999,000 after buying an additional 4,240 shares in the last quarter. Atomi Financial Group Inc. lifted its position in shares of 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 worth $199,000 after purchasing an additional 908 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Gladstone Commercial during the fourth quarter worth approximately $334,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Gladstone Commercial by 51.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 667,966 shares of the real estate investment trust’s stock worth $10,848,000 after purchasing an additional 226,602 shares in the last quarter. 45.51% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Commercial Price Performance

Shares of GOOD stock opened at $13.77 on Friday. Gladstone Commercial Co. has a 1 year low of $12.67 and a 1 year high of $17.88. The firm’s 50 day moving average is $14.19 and its 200-day moving average is $15.61. The firm has a market capitalization of $637.32 million, a price-to-earnings ratio of 52.96, a PEG ratio of 1.82 and a beta of 1.21. The company has a current ratio of 5.68, a quick ratio of 3.54 and a debt-to-equity ratio of 4.05.

Gladstone Commercial (NASDAQ:GOOD) last announced its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. Gladstone Commercial had a net margin of 16.09% and a return on equity of 15.16%. The company had revenue of $37.50 million for the quarter, compared to analyst estimates of $37.33 million. Sell-side analysts forecast that Gladstone Commercial Co. will post 1.45 EPS for the current fiscal year.

Gladstone Commercial Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 22nd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a dividend yield of 8.66%. Gladstone Commercial’s payout ratio is 413.79%.

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.