Gladstone Commercial Co. (NASDAQ:GOOD) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in shares of Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) by 39.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 177,473 shares of the real estate investment trust's stock after purchasing an additional 50,052 shares during the quarter. Bank of New York Mellon Corp owned about 0.40% of Gladstone Commercial worth $2,882,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new position in Gladstone Commercial during the fourth quarter valued at approximately $334,000. Strategic Financial Concepts LLC acquired a new position in shares of Gladstone Commercial during the 4th quarter valued at $1,471,000. Rhumbline Advisers boosted its position in Gladstone Commercial by 6.5% during the 4th quarter. Rhumbline Advisers now owns 72,959 shares of the real estate investment trust's stock worth $1,185,000 after purchasing an additional 4,469 shares during the period. Asset Management One Co. Ltd. increased its holdings in Gladstone Commercial by 7.3% in 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 purchasing an additional 4,240 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Gladstone Commercial in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 45.51% of the company's stock.

Gladstone Commercial Stock Up 1.2 %

Shares of GOOD traded up $0.17 during mid-day trading on Monday, reaching $14.90. 301,599 shares of the stock traded hands, compared to its average volume of 269,848. The stock has a fifty day simple moving average of $15.86 and a 200 day simple moving average of $16.20. Gladstone Commercial Co. has a 12-month low of $12.85 and a 12-month high of $17.88. 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 firm has a market cap of $681.78 million, a price-to-earnings ratio of 57.31, a P/E/G ratio of 1.82 and a beta of 1.24.

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Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $37.38 million for the quarter, compared to the consensus estimate of $38.04 million. Sell-side analysts expect that Gladstone Commercial Co. will post 1.45 EPS for the current fiscal year.

Gladstone Commercial Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were paid a $0.10 dividend. This represents a dividend yield of 7.48%. The ex-dividend date was Friday, January 24th. Gladstone Commercial's dividend payout ratio (DPR) is 461.54%.

Analyst Ratings Changes

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

About Gladstone Commercial

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.