Gladstone Commercial Co. (NASDAQ:GOOD) Holdings Lifted by Northern Trust Corp

Northern Trust Corp boosted its holdings in Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) by 22.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 455,385 shares of the real estate investment trust's stock after acquiring an additional 82,684 shares during the quarter. Northern Trust Corp owned about 1.04% of Gladstone Commercial worth $7,395,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in shares of Gladstone Commercial by 78.9% in the 3rd 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 in the last quarter. Atomi Financial Group Inc. grew its position in Gladstone Commercial by 8.0% in the fourth 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. SG Americas Securities LLC increased its holdings in shares of Gladstone Commercial by 23.7% in the fourth quarter. SG Americas Securities LLC now owns 17,240 shares of the real estate investment trust's stock valued at $280,000 after buying an additional 3,298 shares in the last quarter. Register Financial Advisors LLC increased its holdings in shares of Gladstone Commercial by 2.2% in the fourth quarter. Register Financial Advisors LLC now owns 53,342 shares of the real estate investment trust's stock valued at $866,000 after buying an additional 1,166 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in shares of Gladstone Commercial by 6.5% during the 4th quarter. State of Alaska Department of Revenue now owns 20,246 shares of the real estate investment trust's stock valued at $328,000 after acquiring an additional 1,242 shares during the last quarter. 45.51% of the stock is owned by institutional investors and hedge funds.

Gladstone Commercial Stock Performance

GOOD opened at $14.29 on Tuesday. 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 $661.38 million, a PE ratio of 54.96, a P/E/G ratio of 1.82 and a beta of 1.21. The business has a fifty day simple moving average of $14.25 and a 200-day simple moving average of $15.64. Gladstone Commercial Co. has a fifty-two week low of $12.67 and a fifty-two week high of $17.88.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.34 earnings per share for the quarter, meeting analysts' consensus estimates of $0.34. The business had revenue of $37.50 million during the quarter, compared to analyst estimates of $37.33 million. Gladstone Commercial had a return on equity of 15.16% and a net margin of 16.09%. As a group, equities analysts predict 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 was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd were issued a $0.10 dividend. This represents a dividend yield of 8.5%. The ex-dividend date of this dividend was Monday, April 21st. Gladstone Commercial's payout ratio is 413.79%.

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.

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