Millennium Management LLC Buys 20,776 Shares of Gladstone Commercial Co. (NASDAQ:GOOD)

Millennium Management LLC lifted its stake in Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) by 103.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,937 shares of the real estate investment trust's stock after acquiring an additional 20,776 shares during the period. Millennium Management LLC owned approximately 0.09% of Gladstone Commercial worth $665,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GOOD. Charles Schwab Investment Management Inc. boosted its holdings in shares of Gladstone Commercial by 51.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 667,966 shares of the real estate investment trust's stock worth $10,848,000 after acquiring an additional 226,602 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Gladstone Commercial by 5.2% in the fourth quarter. Vanguard Group Inc. now owns 4,283,840 shares of the real estate investment trust's stock worth $69,570,000 after acquiring an additional 213,281 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Gladstone Commercial by 64.2% in the fourth quarter. JPMorgan Chase & Co. now owns 297,473 shares of the real estate investment trust's stock worth $4,831,000 after acquiring an additional 116,355 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of Gladstone Commercial in the fourth quarter worth $1,471,000. Finally, Northern Trust Corp boosted its holdings in shares of Gladstone Commercial by 22.2% in the fourth quarter. Northern Trust Corp now owns 455,385 shares of the real estate investment trust's stock worth $7,395,000 after acquiring an additional 82,684 shares during the period. 45.51% of the stock is owned by institutional investors.

Gladstone Commercial Price Performance

Gladstone Commercial stock opened at $14.46 on Friday. Gladstone Commercial Co. has a one year low of $12.67 and a one year high of $17.88. The business has a fifty day moving average price of $14.05 and a 200-day moving average price of $15.38. 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 firm has a market capitalization of $669.25 million, a P/E ratio of 55.62, a PEG ratio of 1.82 and a beta of 1.16.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.34 EPS for the quarter, hitting analysts' consensus estimates of $0.34. Gladstone Commercial had a return on equity of 15.16% and a net margin of 16.09%. The firm had revenue of $37.50 million during the quarter, compared to analyst estimates of $37.33 million. As a group, equities research analysts forecast that Gladstone Commercial Co. will post 1.45 EPS for the current year.

Gladstone Commercial Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 22nd were given a dividend of $0.10 per share. This represents a yield of 8.66%. The ex-dividend date was Wednesday, May 21st. Gladstone Commercial's payout ratio is 413.79%.

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.

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