Gladstone Commercial Co. (NASDAQ:GOOD) Shares Bought by Bank of America Corp DE

Bank of America Corp DE grew its position in Gladstone Commercial Co. (NASDAQ:GOOD) by 33.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,102 shares of the real estate investment trust’s stock after buying an additional 13,316 shares during the period. Bank of America Corp DE owned 0.12% of Gladstone Commercial worth $862,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in GOOD. LPL Financial LLC lifted its position in Gladstone Commercial by 0.6% in the fourth quarter. LPL Financial LLC now owns 117,327 shares of the real estate investment trust’s stock valued at $1,905,000 after buying an additional 710 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Gladstone Commercial by 7.0% in the 4th quarter. Arizona State Retirement System now owns 12,344 shares of the real estate investment trust’s stock valued at $200,000 after acquiring an additional 811 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Gladstone Commercial by 6.5% in the 4th quarter. State of Alaska Department of Revenue now owns 20,246 shares of the real estate investment trust’s stock worth $328,000 after acquiring an additional 1,242 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Gladstone Commercial in the 4th quarter worth approximately $43,000. Finally, MetLife Investment Management LLC boosted its position in shares of Gladstone Commercial by 11.5% during the 4th quarter. MetLife Investment Management LLC now owns 28,611 shares of the real estate investment trust’s stock worth $465,000 after purchasing an additional 2,960 shares during the period. Institutional investors and hedge funds own 45.51% of the company’s stock.

Gladstone Commercial Stock Up 0.5%

Shares of NASDAQ GOOD opened at $14.46 on Monday. The company has a quick ratio of 3.54, a current ratio of 5.68 and a debt-to-equity ratio of 4.05. The business’s 50 day moving average is $14.05 and its two-hundred day moving average is $15.37. Gladstone Commercial Co. has a 52-week low of $12.67 and a 52-week high of $17.88. The firm has a market cap of $669.25 million, a price-to-earnings ratio of 55.62, a PEG ratio of 1.82 and a beta of 1.16.

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

Gladstone Commercial Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 22nd were given a $0.10 dividend. The ex-dividend date was Wednesday, May 21st. This represents a yield of 8.66%. Gladstone Commercial’s dividend payout ratio is presently 413.79%.

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.