JPMorgan Chase & Co. Purchases 79,893 Shares of Gladstone Commercial Co. (NASDAQ:GOOD)

JPMorgan Chase & Co. increased its position in shares of Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) by 78.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 181,118 shares of the real estate investment trust's stock after buying an additional 79,893 shares during the quarter. JPMorgan Chase & Co. owned 0.41% of Gladstone Commercial worth $2,941,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Gladstone Commercial by 68.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,116 shares of the real estate investment trust's stock worth $116,000 after buying an additional 2,885 shares during the last quarter. American Century Companies Inc. grew its stake in Gladstone Commercial by 21.8% in the second quarter. American Century Companies Inc. now owns 12,337 shares of the real estate investment trust's stock valued at $176,000 after purchasing an additional 2,210 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Gladstone Commercial during the 3rd quarter worth approximately $226,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Gladstone Commercial by 12.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,039 shares of the real estate investment trust's stock valued at $229,000 after buying an additional 1,795 shares during the last quarter. Finally, Ballentine Partners LLC increased its holdings in Gladstone Commercial by 11.4% during the third quarter. Ballentine Partners LLC now owns 15,838 shares of the real estate investment trust's stock worth $257,000 after buying an additional 1,624 shares during the last quarter. Institutional investors and hedge funds own 45.51% of the company's stock.

Gladstone Commercial Price Performance

GOOD traded down $0.08 on Monday, reaching $16.31. The stock had a trading volume of 225,748 shares, compared to its average volume of 231,981. The firm has a 50-day moving average of $16.64 and a 200-day moving average of $15.84. Gladstone Commercial Co. has a fifty-two week low of $11.89 and a fifty-two week high of $17.88. The company has a market capitalization of $716.34 million, a price-to-earnings ratio of 81.55, a price-to-earnings-growth ratio of 1.81 and a beta of 1.25. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 4.10.

Gladstone Commercial Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be paid a $0.10 dividend. The ex-dividend date is Friday, January 24th. Gladstone Commercial's dividend payout ratio is 600.00%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Canaccord Genuity Group raised shares of Gladstone Commercial to a "strong-buy" rating in a research report on Friday, October 4th. StockNews.com cut shares of Gladstone Commercial from a "buy" rating to a "hold" rating in a report on Wednesday, December 18th. Finally, B. Riley reiterated a "neutral" rating and set a $15.00 target price (up previously from $13.50) on shares of Gladstone Commercial in a research note on Thursday, October 10th.

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.