Gladstone Commercial Co. (NASDAQ:GOOD) Stock Holdings Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in Gladstone Commercial Co. (NASDAQ:GOOD) by 78.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 181,118 shares of the real estate investment trust’s stock after acquiring an additional 79,893 shares during the period. JPMorgan Chase & Co. owned approximately 0.41% of Gladstone Commercial worth $2,941,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GOOD. Barclays PLC increased its stake in shares of Gladstone Commercial by 323.4% in the third quarter. Barclays PLC now owns 62,132 shares of the real estate investment trust’s stock valued at $1,009,000 after purchasing an additional 47,456 shares during the period. Geode Capital Management LLC grew its holdings in Gladstone Commercial by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,098,176 shares of the real estate investment trust’s stock worth $17,837,000 after buying an additional 34,017 shares in the last quarter. State Street Corp increased its position in Gladstone Commercial by 3.6% in the 3rd quarter. State Street Corp now owns 1,051,383 shares of the real estate investment trust’s stock valued at $17,074,000 after acquiring an additional 36,616 shares during the period. ClearAlpha Technologies LP bought a new stake in Gladstone Commercial during the 3rd quarter valued at $375,000. Finally, Martingale Asset Management L P acquired a new position in Gladstone Commercial during the 3rd quarter worth $947,000. 45.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GOOD has been the topic of a number of research analyst reports. Canaccord Genuity Group raised Gladstone Commercial to a “strong-buy” rating in a report on Friday, October 4th. B. Riley reissued a “neutral” rating and set a $15.00 target price (up previously from $13.50) on shares of Gladstone Commercial in a research note on Thursday, October 10th. Finally, StockNews.com lowered shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

Gladstone Commercial Stock Down 0.5 %

GOOD opened at $16.31 on Monday. The stock’s fifty day moving average is $16.64 and its 200-day moving average is $15.84. Gladstone Commercial Co. has a one year low of $11.89 and a one year high of $17.88. The company has a market capitalization of $716.32 million, a PE ratio of 81.55, a P/E/G ratio of 1.81 and a beta of 1.25. The company has a debt-to-equity ratio of 4.10, a quick ratio of 3.54 and a current ratio of 3.54.

Gladstone Commercial Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, January 24th. Gladstone Commercial’s dividend payout ratio is presently 600.00%.

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.