Geode Capital Management LLC Buys 19,327 Shares of Gladstone Commercial Co. (NASDAQ:GOOD)

Geode Capital Management LLC grew its position in shares of Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,117,503 shares of the real estate investment trust's stock after purchasing an additional 19,327 shares during the quarter. Geode Capital Management LLC owned approximately 2.54% of Gladstone Commercial worth $18,152,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Gladstone Commercial by 5.2% during 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 in the last quarter. State Street Corp lifted its stake in Gladstone Commercial by 3.6% in the third quarter. State Street Corp now owns 1,051,383 shares of the real estate investment trust's stock worth $17,074,000 after purchasing an additional 36,616 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Gladstone Commercial by 51.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 667,966 shares of the real estate investment trust's stock valued at $10,848,000 after buying an additional 226,602 shares during the last quarter. JPMorgan Chase & Co. grew its position in Gladstone Commercial by 64.2% during the 4th 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 last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of 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 acquiring an additional 50,052 shares during the period. 45.51% of the stock is owned by hedge funds and other institutional investors.

Gladstone Commercial Stock Down 0.6 %

GOOD traded down $0.08 on Thursday, hitting $14.04. The company had a trading volume of 51,466 shares, compared to its average volume of 378,988. The firm has a market capitalization of $642.25 million, a P/E ratio of 53.98, a P/E/G ratio of 1.82 and a beta of 1.17. The stock has a fifty day simple moving average of $14.86 and a 200-day simple moving average of $15.90. Gladstone Commercial Co. has a 52-week low of $12.67 and a 52-week high of $17.88. The company has a debt-to-equity ratio of 4.05, a current ratio of 5.68 and a quick ratio of 3.54.

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

Gladstone Commercial Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, April 21st. This represents a yield of 8.5%. Gladstone Commercial's dividend payout ratio 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.