Dimensional Fund Advisors LP grew its holdings in shares of Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 575,092 shares of the real estate investment trust's stock after purchasing an additional 22,584 shares during the period. Dimensional Fund Advisors LP owned approximately 1.31% of Gladstone Commercial worth $9,339,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in Gladstone Commercial by 78.9% during the third quarter. JPMorgan Chase & Co. now owns 181,118 shares of the real estate investment trust's stock worth $2,941,000 after buying an additional 79,893 shares in the last quarter. Barclays PLC lifted its position in shares of Gladstone Commercial by 323.4% during the 3rd quarter. Barclays PLC now owns 62,132 shares of the real estate investment trust's stock valued at $1,009,000 after acquiring an additional 47,456 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Gladstone Commercial by 7.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 62,417 shares of the real estate investment trust's stock worth $999,000 after acquiring an additional 4,240 shares in the last quarter. Atomi Financial Group Inc. grew its holdings in shares of Gladstone Commercial by 8.0% in the 4th quarter. Atomi Financial Group Inc. now owns 12,256 shares of the real estate investment trust's stock worth $199,000 after acquiring an additional 908 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Gladstone Commercial during the fourth quarter worth $334,000. Institutional investors and hedge funds own 45.51% of the company's stock.
Gladstone Commercial Trading Up 2.0 %
Shares of NASDAQ GOOD opened at $14.05 on Friday. The business has a fifty day simple moving average of $14.39 and a 200-day simple moving average of $15.71. The company has a market cap of $642.89 million, a price-to-earnings ratio of 54.04, a P/E/G ratio of 1.82 and a beta of 1.21. Gladstone Commercial Co. has a 12 month low of $12.67 and a 12 month high of $17.88. The company has a quick ratio of 3.54, a current ratio of 5.68 and a debt-to-equity ratio of 4.05.
Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last announced its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. Gladstone Commercial had a net margin of 16.09% and a return on equity of 15.16%. The company had revenue of $37.50 million during the quarter, compared to analysts' expectations of $37.33 million. Sell-side analysts predict that Gladstone Commercial Co. will post 1.45 EPS for the current year.
Gladstone Commercial Dividend Announcement
The company also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd were paid a dividend of $0.10 per share. This represents a yield of 8.5%. The ex-dividend date of this dividend was Monday, April 21st. Gladstone Commercial's dividend payout ratio (DPR) is currently 461.54%.
Gladstone Commercial Profile
(
Free Report)
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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