Evermay Wealth Management LLC Acquires 3,475 Shares of Gladstone Commercial Co. (NASDAQ:GOOD)

Evermay Wealth Management LLC lifted its holdings in Gladstone Commercial Co. (NASDAQ:GOOD) by 82.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,690 shares of the real estate investment trust’s stock after buying an additional 3,475 shares during the quarter. Evermay Wealth Management LLC’s holdings in Gladstone Commercial were worth $106,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Central Pacific Bank Trust Division bought a new position in Gladstone Commercial in the 1st quarter valued at $64,000. PNC Financial Services Group Inc. boosted its stake in shares of Gladstone Commercial by 68.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,948 shares of the real estate investment trust’s stock valued at $92,000 after purchasing an additional 2,828 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Gladstone Commercial during the 1st quarter worth approximately $113,000. Baader Bank Aktiengesellschaft acquired a new position in Gladstone Commercial in the fourth quarter valued at approximately $140,000. Finally, First Citizens Bank & Trust Co. bought a new position in Gladstone Commercial in the fourth quarter valued at approximately $161,000. Institutional investors own 45.51% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Gladstone Commercial from a “hold” rating to a “buy” rating in a research note on Friday, June 28th.

Gladstone Commercial Trading Up 0.5 %

Shares of GOOD stock traded up $0.08 on Thursday, reaching $14.67. The company had a trading volume of 191,995 shares, compared to its average volume of 240,965. The stock has a market cap of $587.53 million, a PE ratio of -77.21, a PEG ratio of 1.82 and a beta of 1.19. The company has a 50-day moving average of $14.32 and a 200-day moving average of $13.62. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 4.85. Gladstone Commercial Co. has a 12 month low of $11.40 and a 12 month high of $15.04.

Gladstone Commercial (NASDAQ:GOOD) last issued its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.33). The firm had revenue of $35.72 million for the quarter, compared to analyst estimates of $36.41 million. Gladstone Commercial had a net margin of 3.60% and a return on equity of 3.19%. On average, equities analysts forecast that Gladstone Commercial Co. will post 1.36 earnings per share for the current year.

Gladstone Commercial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 8.18%. The ex-dividend date is Friday, September 20th. Gladstone Commercial’s payout ratio is presently -631.58%.

Gladstone Commercial 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.