Gladstone Commercial Corporation (NASDAQ:GOOD) Stake Raised by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its holdings in shares of Gladstone Commercial Corporation (NASDAQ:GOOD) by 1.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,440 shares of the real estate investment trust’s stock after acquiring an additional 1,967 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.39% of Gladstone Commercial worth $2,688,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of GOOD. Raymond James Financial Inc. acquired a new stake in shares of Gladstone Commercial during the 4th quarter valued at about $295,000. KLP Kapitalforvaltning AS bought a new position in Gladstone Commercial in the fourth quarter worth $112,000. LPL Financial LLC raised its stake in Gladstone Commercial by 0.6% during the fourth quarter. LPL Financial LLC now owns 117,327 shares of the real estate investment trust’s stock worth $1,905,000 after acquiring an additional 710 shares in the last quarter. Vanguard Group Inc. raised its stake in Gladstone Commercial by 5.2% during the fourth quarter. Vanguard Group Inc. now owns 4,283,840 shares of the real estate investment trust’s stock worth $69,570,000 after acquiring an additional 213,281 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new position in Gladstone Commercial during the fourth quarter worth $327,000. Hedge funds and other institutional investors own 45.51% of the company’s stock.

Gladstone Commercial Trading Down 0.4%

Shares of GOOD opened at $13.60 on Monday. Gladstone Commercial Corporation has a 52-week low of $12.67 and a 52-week high of $17.88. The company has a market cap of $629.41 million, a price-to-earnings ratio of 46.90, a PEG ratio of 1.60 and a beta of 1.15. The company has a debt-to-equity ratio of 4.06, a quick ratio of 4.72 and a current ratio of 4.72. The stock has a fifty day moving average price of $14.23 and a two-hundred day moving average price of $14.78.

Gladstone Commercial (NASDAQ:GOOD) last announced its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. The company had revenue of $37.50 million during the quarter, compared to analyst estimates of $37.33 million. Gladstone Commercial had a return on equity of 15.32% and a net margin of 16.97%. Analysts predict that Gladstone Commercial Corporation will post 1.45 EPS for the current fiscal year.

Gladstone Commercial Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 22nd will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, July 21st. This represents a dividend yield of 8.79%. Gladstone Commercial’s dividend payout ratio (DPR) 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.