JPMorgan Chase & Co. Buys 116,355 Shares of Gladstone Commercial Co. (NASDAQ:GOOD)

JPMorgan Chase & Co. boosted its holdings in Gladstone Commercial Co. (NASDAQ:GOOD) by 64.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 297,473 shares of the real estate investment trust’s stock after acquiring an additional 116,355 shares during the quarter. JPMorgan Chase & Co. owned 0.68% of Gladstone Commercial worth $4,831,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its position in shares of Gladstone Commercial by 51.3% in the 4th 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 during the last quarter. Vanguard Group Inc. lifted its position in shares of Gladstone Commercial by 5.2% in the fourth quarter. Vanguard Group Inc. now owns 4,283,840 shares of the real estate investment trust’s stock valued at $69,570,000 after buying an additional 213,281 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Gladstone Commercial during the 4th quarter worth about $1,471,000. Bank of New York Mellon Corp grew its holdings in Gladstone Commercial by 39.3% in the 4th quarter. Bank of New York Mellon Corp now owns 177,473 shares of the real estate investment trust’s stock valued at $2,882,000 after buying an additional 50,052 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in Gladstone Commercial by 109.7% in the 4th quarter. Teacher Retirement System of Texas now owns 93,948 shares of the real estate investment trust’s stock worth $1,526,000 after purchasing an additional 49,155 shares in the last quarter. 45.51% of the stock is currently owned by institutional investors.

Gladstone Commercial Stock Up 1.1 %

Shares of GOOD opened at $14.17 on Friday. The firm has a 50 day simple moving average of $14.98 and a two-hundred day simple moving average of $15.94. The company has a market cap of $648.38 million, a P/E ratio of 54.50, a P/E/G ratio of 1.82 and a beta of 1.17. The company has a debt-to-equity ratio of 4.05, a current ratio of 5.68 and a quick ratio of 3.54. Gladstone Commercial Co. has a one year low of $12.67 and a one year high of $17.88.

Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings results on Tuesday, February 18th. The real estate investment trust reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.24. Gladstone Commercial had a net margin of 16.09% and a return on equity of 15.16%. The business had revenue of $37.38 million during the quarter, compared to analysts’ expectations of $38.04 million. Research analysts forecast that Gladstone Commercial Co. will post 1.45 EPS for the current fiscal year.

Gladstone Commercial Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 21st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, April 21st. Gladstone Commercial’s payout ratio is 461.54%.

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.