Gladstone Commercial Co. (NASDAQ:GOOD) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its holdings in Gladstone Commercial Co. (NASDAQ:GOOD) by 16.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,239 shares of the real estate investment trust’s stock after purchasing an additional 6,724 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.11% of Gladstone Commercial worth $783,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC grew its stake in Gladstone Commercial by 3.2% during 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 during the last quarter. State Street Corp grew its stake in Gladstone Commercial by 3.6% during the 3rd quarter. State Street Corp now owns 1,051,383 shares of the real estate investment trust’s stock worth $17,074,000 after buying an additional 36,616 shares during the last quarter. Barclays PLC grew 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 worth $1,009,000 after purchasing an additional 47,456 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Gladstone Commercial by 36.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 441,364 shares of the real estate investment trust’s stock worth $7,168,000 after purchasing an additional 117,988 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of 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 worth $2,941,000 after purchasing an additional 79,893 shares in the last quarter. 45.51% of the stock is owned by institutional investors and hedge funds.

Gladstone Commercial Price Performance

NASDAQ:GOOD opened at $16.21 on Friday. The business’s 50-day moving average price is $16.24 and its 200 day moving average price is $16.04. The firm has a market cap of $711.94 million, a P/E ratio of 81.05, a PEG ratio of 1.88 and a beta of 1.25. Gladstone Commercial Co. has a 52-week low of $11.89 and a 52-week high of $17.88. The company has a quick ratio of 3.54, a current ratio of 3.54 and a debt-to-equity ratio of 4.10.

Gladstone Commercial Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were issued a dividend of $0.10 per share. This represents a yield of 7.48%. The ex-dividend date was Friday, January 24th. Gladstone Commercial’s payout ratio is currently 600.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Gladstone Commercial from a “buy” rating to a “hold” rating in a research note 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.