JPMorgan Chase & Co. Grows Holdings in Gladstone Commercial Corporation $GOOD

JPMorgan Chase & Co. increased its holdings in Gladstone Commercial Corporation (NASDAQ:GOOD) by 56.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 336,791 shares of the real estate investment trust’s stock after acquiring an additional 122,047 shares during the quarter. JPMorgan Chase & Co. owned about 0.70% of Gladstone Commercial worth $4,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its holdings in Gladstone Commercial by 751.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,788 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,578 shares during the period. Advisory Services Network LLC purchased a new position in shares of Gladstone Commercial during the third quarter valued at approximately $34,000. Parallel Advisors LLC boosted its position in shares of Gladstone Commercial by 71.1% in the 3rd quarter. Parallel Advisors LLC now owns 2,811 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 1,168 shares in the last quarter. New York State Teachers Retirement System boosted its position in shares of Gladstone Commercial by 142.6% in the 3rd quarter. New York State Teachers Retirement System now owns 4,148 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 2,438 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Gladstone Commercial by 67.2% in the 2nd quarter. BNP Paribas Financial Markets now owns 4,189 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 1,684 shares during the last quarter. 45.51% of the stock is owned by hedge funds and other institutional investors.

Gladstone Commercial Stock Performance

Shares of GOOD opened at $11.70 on Friday. The company has a market cap of $566.40 million, a price-to-earnings ratio of 83.57 and a beta of 1.09. The business’s fifty day simple moving average is $11.86 and its two-hundred day simple moving average is $11.50. Gladstone Commercial Corporation has a 12 month low of $10.33 and a 12 month high of $15.03. The company has a current ratio of 5.36, a quick ratio of 5.36 and a debt-to-equity ratio of 4.92.

Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings results on Wednesday, February 18th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.31). Gladstone Commercial had a return on equity of 10.75% and a net margin of 11.95%.The business had revenue of $43.46 million during the quarter, compared to analysts’ expectations of $41.23 million. Research analysts anticipate that Gladstone Commercial Corporation will post 1.45 earnings per share for the current fiscal year.

Gladstone Commercial Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were paid a dividend of $0.10 per share. The ex-dividend date was Monday, March 23rd. This represents a c) annualized dividend and a yield of 10.3%. Gladstone Commercial’s dividend payout ratio is currently 857.14%.

Analyst Ratings Changes

GOOD has been the subject of a number of recent research reports. Wall Street Zen upgraded Gladstone Commercial from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of Gladstone Commercial in a research note on Friday, March 27th. B. Riley Financial reaffirmed a “neutral” rating and issued a $12.50 price target (up from $11.00) on shares of Gladstone Commercial in a research report on Tuesday, February 24th. Finally, Zacks Research upgraded shares of Gladstone Commercial from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Gladstone Commercial presently has a consensus rating of “Hold” and an average target price of $12.75.

Gladstone Commercial Company Profile

Gladstone Commercial Corporation is a real estate investment trust (REIT) that focuses on the acquisition and long‐term ownership of industrial and office properties throughout the United States. The company’s portfolio emphasizes both single‐tenant net‐leased investments and multi‐tenant assets, targeting properties that provide stable, predictable rental income. Gladstone Commercial seeks to grow shareholder value through both internal cash flow from its existing portfolio and strategic property acquisitions in markets with strong occupancy trends.

The company’s primary business activities include identifying, underwriting and acquiring commercial real estate assets that support light industrial users and professional office tenants.