Bank of New York Mellon Corp Boosts Stake in Gladstone Commercial Co. (NASDAQ:GOOD)

Bank of New York Mellon Corp grew its stake in shares of Gladstone Commercial Co. (NASDAQ:GOOD) by 39.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,473 shares of the real estate investment trust’s stock after acquiring an additional 50,052 shares during the period. Bank of New York Mellon Corp owned about 0.40% of Gladstone Commercial worth $2,882,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Atomi Financial Group Inc. raised its stake in Gladstone Commercial by 8.0% during the fourth 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 period. Register Financial Advisors LLC boosted its position in shares of Gladstone Commercial by 2.2% during the 4th quarter. Register Financial Advisors LLC now owns 53,342 shares of the real estate investment trust’s stock valued at $866,000 after purchasing an additional 1,166 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Gladstone Commercial by 6.5% in the fourth 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 buying an additional 1,242 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Gladstone Commercial by 11.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 21,304 shares of the real estate investment trust’s stock worth $346,000 after purchasing an additional 2,217 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Gladstone Commercial in the 4th quarter valued at approximately $43,000. Institutional investors own 45.51% of the company’s stock.

Gladstone Commercial Trading Down 0.2 %

Gladstone Commercial stock opened at $14.87 on Friday. The company’s fifty day moving average price is $15.88 and its two-hundred day moving average price is $16.19. Gladstone Commercial Co. has a one year low of $12.85 and a one year 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. The company has a market capitalization of $657.15 million, a price-to-earnings ratio of 57.19, a PEG ratio of 1.82 and a beta of 1.24.

Gladstone Commercial (NASDAQ:GOOD) last released its 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 for the quarter, compared to analyst estimates of $38.04 million. Gladstone Commercial had a return on equity of 15.16% and a net margin of 16.09%. On average, analysts forecast that Gladstone Commercial Co. will post 1.45 earnings per share for the current fiscal year.

Gladstone Commercial Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a yield of 7.48%. Gladstone Commercial’s dividend payout ratio is currently 461.54%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

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.