Arizona State Retirement System Acquires 811 Shares of Gladstone Commercial Co. (NASDAQ:GOOD)

Arizona State Retirement System lifted its position in Gladstone Commercial Co. (NASDAQ:GOOD) by 7.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,344 shares of the real estate investment trust’s stock after purchasing an additional 811 shares during the period. Arizona State Retirement System’s holdings in Gladstone Commercial were worth $200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of Gladstone Commercial by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,098,176 shares of the real estate investment trust’s stock worth $17,837,000 after buying an additional 34,017 shares during the last quarter. State Street Corp boosted its stake in shares of Gladstone Commercial by 3.6% in the 3rd quarter. State Street Corp now owns 1,051,383 shares of the real estate investment trust’s stock worth $17,074,000 after buying an additional 36,616 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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 buying an additional 226,602 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Gladstone Commercial by 78.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 181,118 shares of the real estate investment trust’s stock worth $2,941,000 after buying an additional 79,893 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of 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 worth $2,882,000 after buying an additional 50,052 shares during the last quarter. 45.51% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Commercial Price Performance

NASDAQ GOOD opened at $14.89 on Friday. The company has a market capitalization of $658.03 million, a PE ratio of 57.27, a price-to-earnings-growth ratio of 1.82 and a beta of 1.24. The company has a debt-to-equity ratio of 4.05, a quick ratio of 3.54 and a current ratio of 5.68. The business’s fifty day moving average is $15.97 and its 200 day moving average is $16.20. Gladstone Commercial Co. has a fifty-two week low of $12.85 and a fifty-two week high of $17.88.

Gladstone Commercial (NASDAQ:GOOD) last released its earnings results on Tuesday, February 18th. The real estate investment trust reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.24. The company had revenue of $37.38 million for the quarter, compared to the consensus estimate of $38.04 million. Gladstone Commercial had a return on equity of 15.16% and a net margin of 16.09%. Sell-side analysts predict that Gladstone Commercial Co. will post 1.45 earnings per share for the current year.

Gladstone Commercial Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, January 24th. This represents a yield of 7.48%. Gladstone Commercial’s dividend payout ratio is presently 461.54%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

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.