Gladstone Commercial Co. (GOOD) Position Increased by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY increased its position in shares of Gladstone Commercial Co. (NASDAQ:GOOD) by 192.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,316 shares of the real estate investment trust’s stock after buying an additional 6,794 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Gladstone Commercial were worth $185,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of Gladstone Commercial by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 158,939 shares of the real estate investment trust’s stock valued at $3,044,000 after buying an additional 11,368 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Gladstone Commercial by 2.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 27,147 shares of the real estate investment trust’s stock valued at $486,000 after buying an additional 632 shares during the last quarter. Martingale Asset Management L P raised its position in shares of Gladstone Commercial by 37.0% in the fourth quarter. Martingale Asset Management L P now owns 147,313 shares of the real estate investment trust’s stock valued at $2,641,000 after buying an additional 39,800 shares during the last quarter. Great West Life Assurance Co. Can raised its position in shares of Gladstone Commercial by 13.4% in the fourth quarter. Great West Life Assurance Co. Can now owns 9,185 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 1,083 shares during the last quarter. Finally, Vanguard Group Inc raised its position in shares of Gladstone Commercial by 1.8% in the third quarter. Vanguard Group Inc now owns 2,934,305 shares of the real estate investment trust’s stock valued at $56,192,000 after buying an additional 53,204 shares during the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Shares of GOOD opened at $20.71 on Wednesday. The company has a quick ratio of 15.32, a current ratio of 15.32 and a debt-to-equity ratio of 2.22. Gladstone Commercial Co. has a 12-month low of $16.89 and a 12-month high of $21.45. The stock has a market capitalization of $635.28 million, a P/E ratio of 13.16, a PEG ratio of 2.59 and a beta of 0.90.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.41). The firm had revenue of $27.26 million during the quarter, compared to analysts’ expectations of $27.18 million. Gladstone Commercial had a net margin of 11.54% and a return on equity of 4.87%. Equities research analysts anticipate that Gladstone Commercial Co. will post 1.62 EPS for the current year.

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 22nd will be paid a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a yield of 7.24%. The ex-dividend date of this dividend is Thursday, April 18th. Gladstone Commercial’s dividend payout ratio (DPR) is presently 94.34%.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a report on Monday, February 4th. BidaskClub raised shares of Gladstone Commercial from a “buy” rating to a “strong-buy” rating in a report on Friday, February 22nd. ValuEngine lowered shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Finally, Boenning Scattergood reissued a “buy” rating and issued a $21.00 price objective on shares of Gladstone Commercial in a report on Thursday, February 14th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $21.13.

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Gladstone Commercial Company Profile

Gladstone Commercial Corp. is a real estate investment trust, which engages in the acquisition, investmen,t and ownership of net leased industrial, commercial, and retail real properties. Its portfolio consists of single-tenant commercial and industrial real properties. The company was founded by David John Gladstone on February 14, 2003 and is headquartered in McLean, VA.

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Institutional Ownership by Quarter for Gladstone Commercial (NASDAQ:GOOD)

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