Geode Capital Management LLC Has $18.15 Million Position in Gladstone Commercial Co. (NASDAQ:GOOD)

Geode Capital Management LLC grew its position in Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,117,503 shares of the real estate investment trust's stock after purchasing an additional 19,327 shares during the period. Geode Capital Management LLC owned approximately 2.54% of Gladstone Commercial worth $18,152,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Newbridge Financial Services Group Inc. bought a new stake in Gladstone Commercial in the 4th quarter valued at approximately $43,000. KLP Kapitalforvaltning AS bought a new stake in shares of Gladstone Commercial in the fourth quarter worth $112,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Gladstone Commercial in the fourth quarter valued at $192,000. Wealthfront Advisers LLC acquired a new stake in Gladstone Commercial in the 4th quarter valued at $194,000. Finally, Atomi Financial Group Inc. boosted its stake in shares of Gladstone Commercial by 8.0% during the 4th quarter. Atomi Financial Group Inc. now owns 12,256 shares of the real estate investment trust's stock worth $199,000 after buying an additional 908 shares during the last quarter. 45.51% of the stock is owned by institutional investors and hedge funds.

Gladstone Commercial Stock Down 0.2 %

Shares of NASDAQ:GOOD traded down $0.03 during midday trading on Tuesday, reaching $14.08. The company had a trading volume of 795,988 shares, compared to its average volume of 291,848. The business's 50 day moving average price is $14.94 and its 200 day moving average price is $15.92. Gladstone Commercial Co. has a 1-year low of $12.67 and a 1-year 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 stock has a market cap of $644.26 million, a PE ratio of 54.15, a P/E/G ratio of 1.82 and a beta of 1.17.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The real estate investment trust reported $0.35 EPS for the quarter, beating the consensus estimate of $0.11 by $0.24. Gladstone Commercial had a return on equity of 15.16% and a net margin of 16.09%. The company had revenue of $37.38 million during the quarter, compared to the consensus estimate of $38.04 million. Research analysts forecast that Gladstone Commercial Co. will post 1.45 EPS for the current fiscal year.

Gladstone Commercial Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 22nd will be paid a $0.10 dividend. The ex-dividend date is Monday, April 21st. This represents a yield of 8.5%. Gladstone Commercial's dividend payout ratio (DPR) is currently 461.54%.

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.