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

JPMorgan Chase & Co. grew its holdings in Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) by 64.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 297,473 shares of the real estate investment trust's stock after purchasing an additional 116,355 shares during the period. JPMorgan Chase & Co. owned about 0.68% of Gladstone Commercial worth $4,831,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Newbridge Financial Services Group Inc. acquired a new stake in Gladstone Commercial in the 4th quarter valued at $43,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Gladstone Commercial in the fourth quarter valued at about $112,000. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Gladstone Commercial in the fourth quarter valued at about $192,000. Wealthfront Advisers LLC bought a new stake in Gladstone Commercial during the fourth quarter worth about $194,000. Finally, Atomi Financial Group Inc. boosted its position in Gladstone Commercial by 8.0% during the fourth quarter. Atomi Financial Group Inc. now owns 12,256 shares of the real estate investment trust's stock valued at $199,000 after purchasing an additional 908 shares during the last quarter. Institutional investors own 45.51% of the company's stock.

Gladstone Commercial Stock Down 0.2 %

GOOD stock traded down $0.03 during mid-day trading on Tuesday, reaching $14.08. The company had a trading volume of 795,988 shares, compared to its average volume of 291,848. Gladstone Commercial Co. has a 52 week low of $12.67 and a 52 week high of $17.88. The company has a market capitalization of $644.26 million, a price-to-earnings ratio of 54.15, a PEG ratio of 1.82 and a beta of 1.17. The company has a debt-to-equity ratio of 4.05, a current ratio of 5.68 and a quick ratio of 3.54. The stock has a 50 day simple moving average of $14.94 and a two-hundred day simple moving average of $15.92.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last issued its earnings results on Tuesday, February 18th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.24. The business had revenue of $37.38 million for the quarter, compared to the consensus estimate of $38.04 million. Gladstone Commercial had a net margin of 16.09% and a return on equity of 15.16%. As a group, equities 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 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%.

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.