Vanguard Group Inc. Purchases 213,281 Shares of Gladstone Commercial Co. (NASDAQ:GOOD)

Vanguard Group Inc. raised its holdings in shares of Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,283,840 shares of the real estate investment trust's stock after purchasing an additional 213,281 shares during the quarter. Vanguard Group Inc. owned approximately 9.75% of Gladstone Commercial worth $69,570,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in GOOD. Charles Schwab Investment Management Inc. increased its position in Gladstone Commercial by 51.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 667,966 shares of the real estate investment trust's stock worth $10,848,000 after buying an additional 226,602 shares during the period. Strategic Financial Concepts LLC bought a new position in Gladstone Commercial during the 4th quarter worth $1,471,000. JPMorgan Chase & Co. increased its position in shares of Gladstone Commercial by 78.9% in the third quarter. JPMorgan Chase & Co. now owns 181,118 shares of the real estate investment trust's stock worth $2,941,000 after purchasing an additional 79,893 shares during the period. Bank of New York Mellon Corp raised its stake in Gladstone Commercial by 39.3% in the fourth quarter. Bank of New York Mellon Corp now owns 177,473 shares of the real estate investment trust's stock valued at $2,882,000 after purchasing an additional 50,052 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its stake in Gladstone Commercial by 109.7% during the fourth quarter. Teacher Retirement System of Texas now owns 93,948 shares of the real estate investment trust's stock worth $1,526,000 after buying an additional 49,155 shares in the last quarter. Institutional investors and hedge funds own 45.51% of the company's stock.

Gladstone Commercial Price Performance

GOOD traded up $0.04 on Wednesday, reaching $13.93. The stock had a trading volume of 30,686 shares, compared to its average volume of 287,287. The firm has a 50-day moving average of $15.11 and a 200-day moving average of $15.98. Gladstone Commercial Co. has a fifty-two week low of $12.67 and a fifty-two week high of $17.88. The company has a market capitalization of $637.17 million, a price-to-earnings ratio of 53.56, a price-to-earnings-growth ratio of 1.82 and a beta of 1.17. The company has a current ratio of 5.68, a quick ratio of 3.54 and a debt-to-equity ratio of 4.05.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.24. Gladstone Commercial had a net margin of 16.09% and a return on equity of 15.16%. The business had revenue of $37.38 million during the quarter, compared to analyst estimates of $38.04 million. As a group, sell-side analysts anticipate that Gladstone Commercial Co. will post 1.45 EPS for the current year.

Gladstone Commercial Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 21st will be issued a $0.10 dividend. The ex-dividend date is Monday, April 21st. Gladstone Commercial's payout ratio is currently 461.54%.

Analyst Ratings Changes

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

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.