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

JPMorgan Chase & Co. increased its holdings in Gladstone Commercial Co. (NASDAQ:GOOD) by 64.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 297,473 shares of the real estate investment trust’s stock after acquiring an additional 116,355 shares during the period. JPMorgan Chase & Co.’s holdings in Gladstone Commercial were worth $4,831,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC raised its position in Gladstone Commercial by 3.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,098,176 shares of the real estate investment trust’s stock valued at $17,837,000 after purchasing an additional 34,017 shares during the last quarter. State Street Corp increased its position in shares of Gladstone Commercial by 3.6% during the third quarter. State Street Corp now owns 1,051,383 shares of the real estate investment trust’s stock valued at $17,074,000 after buying an additional 36,616 shares during the period. Barclays PLC raised its stake in Gladstone Commercial by 323.4% in the third quarter. Barclays PLC now owns 62,132 shares of the real estate investment trust’s stock worth $1,009,000 after buying an additional 47,456 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Gladstone Commercial by 33.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,675 shares of the real estate investment trust’s stock worth $742,000 after buying an additional 11,340 shares during the period. Finally, Asset Management One Co. Ltd. boosted its position in Gladstone Commercial by 7.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 62,417 shares of the real estate investment trust’s stock valued at $999,000 after acquiring an additional 4,240 shares in the last quarter. Institutional investors own 45.51% of the company’s stock.

Gladstone Commercial Trading Up 1.1 %

GOOD opened at $14.17 on Friday. 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 has a 50 day moving average of $14.98 and a 200-day moving average of $15.94. The stock has a market cap of $648.38 million, a PE ratio of 54.50, a PEG ratio of 1.82 and a beta of 1.17. Gladstone Commercial Co. has a 52 week low of $12.67 and a 52 week high of $17.88.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly 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. Gladstone Commercial had a net margin of 16.09% and a return on equity of 15.16%. The company had revenue of $37.38 million during the quarter, compared to the consensus estimate of $38.04 million. Equities research analysts predict that Gladstone Commercial Co. will post 1.45 earnings per share for the current fiscal year.

Gladstone Commercial Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 21st will be issued 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.