JPMorgan Chase & Co. Acquires 116,355 Shares of Gladstone Commercial Co. (NASDAQ:GOOD)

JPMorgan Chase & Co. increased its holdings in shares of Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) by 64.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 297,473 shares of the real estate investment trust's stock after acquiring an additional 116,355 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.68% of Gladstone Commercial worth $4,831,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Newbridge Financial Services Group Inc. bought a new position in shares of Gladstone Commercial during the 4th quarter worth $43,000. KLP Kapitalforvaltning AS bought a new position in shares of Gladstone Commercial in the fourth quarter worth $112,000. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of Gladstone Commercial in the fourth quarter valued at $192,000. Wealthfront Advisers LLC purchased a new stake in Gladstone Commercial during the 4th quarter worth about $194,000. Finally, Atomi Financial Group Inc. boosted its stake in 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 purchasing an additional 908 shares during the period. 45.51% of the stock is owned by hedge funds and other institutional investors.

Gladstone Commercial Price Performance

NASDAQ:GOOD traded down $0.08 during mid-day trading on Thursday, hitting $14.04. 51,466 shares of the stock traded hands, compared to its average volume of 378,988. 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. The company has a market cap of $642.25 million, a PE ratio of 53.98, a price-to-earnings-growth ratio of 1.82 and a beta of 1.17. The business's 50-day moving average price is $14.86 and its 200 day moving average price is $15.90.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $37.38 million during the quarter, compared to the consensus estimate of $38.04 million. Gladstone Commercial had a return on equity of 15.16% and a net margin of 16.09%. On average, analysts expect that Gladstone Commercial Co. will post 1.45 EPS for the current fiscal year.

Gladstone Commercial Dividend Announcement

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