Swiss National Bank Boosts Holdings in Gladstone Commercial Co. (NASDAQ:GOOD)

Swiss National Bank increased its position in shares of Gladstone Commercial Co. (NASDAQ:GOOD) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 83,700 shares of the real estate investment trust’s stock after buying an additional 5,000 shares during the quarter. Swiss National Bank owned about 0.19% of Gladstone Commercial worth $1,359,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its stake in shares of Gladstone Commercial by 51.3% in the 4th 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 purchasing an additional 226,602 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in Gladstone Commercial in the 4th quarter valued at about $1,471,000. JPMorgan Chase & Co. lifted its position in Gladstone Commercial by 78.9% in the third quarter. JPMorgan Chase & Co. now owns 181,118 shares of the real estate investment trust’s stock valued at $2,941,000 after buying an additional 79,893 shares during the last quarter. Martingale Asset Management L P acquired a new position in shares of Gladstone Commercial in the 3rd quarter worth approximately $947,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Gladstone Commercial by 39.3% during the 4th quarter. Bank of New York Mellon Corp now owns 177,473 shares of the real estate investment trust’s stock worth $2,882,000 after purchasing an additional 50,052 shares during the period. 45.51% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Commercial Stock Up 0.1 %

Shares of GOOD opened at $14.90 on Friday. The company’s 50-day simple moving average is $15.74 and its 200-day simple moving average is $16.17. The company has a debt-to-equity ratio of 4.05, a quick ratio of 3.54 and a current ratio of 5.68. Gladstone Commercial Co. has a 1 year low of $12.85 and a 1 year high of $17.88. The stock has a market capitalization of $681.78 million, a PE ratio of 57.31, a P/E/G 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, topping analysts’ consensus estimates of $0.11 by $0.24. The company had revenue of $37.38 million for the quarter, compared to analyst estimates of $38.04 million. Gladstone Commercial had a net margin of 16.09% and a return on equity of 15.16%. Analysts forecast that Gladstone Commercial Co. will post 1.45 earnings per share for the current fiscal year.

Gladstone Commercial Announces Dividend

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

Wall Street Analyst Weigh In

Separately, StockNews.com cut Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

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.