Asset Management One Co. Ltd. Has $999,000 Stock Position in Gladstone Commercial Co. (NASDAQ:GOOD)

Asset Management One Co. Ltd. lifted its stake in Gladstone Commercial Co. (NASDAQ:GOOD) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,417 shares of the real estate investment trust’s stock after acquiring an additional 4,240 shares during the period. Asset Management One Co. Ltd. owned approximately 0.14% of Gladstone Commercial worth $999,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of GOOD. Newbridge Financial Services Group Inc. acquired a new stake in shares of Gladstone Commercial in the fourth quarter worth $43,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Gladstone Commercial by 68.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,116 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 2,885 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Gladstone Commercial in the fourth quarter worth $192,000. Atomi Financial Group Inc. grew its stake in shares of Gladstone Commercial by 8.0% in 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 last quarter. Finally, Ballentine Partners LLC grew its stake in shares of Gladstone Commercial by 11.4% in the third quarter. Ballentine Partners LLC now owns 15,838 shares of the real estate investment trust’s stock worth $257,000 after acquiring an additional 1,624 shares during the last quarter. Institutional investors and hedge funds own 45.51% of the company’s stock.

Gladstone Commercial Stock Down 1.5 %

Shares of NASDAQ GOOD opened at $15.82 on Friday. The stock has a market cap of $694.81 million, a PE ratio of 60.85, a PEG ratio of 1.85 and a beta of 1.25. The business has a fifty day moving average of $16.18 and a two-hundred day moving average of $16.08. Gladstone Commercial Co. has a 52-week low of $11.89 and a 52-week high of $17.88. 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 (NASDAQ:GOOD) last issued its quarterly earnings data 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 company had revenue of $37.38 million during the quarter, compared to analysts’ expectations of $38.04 million. Gladstone Commercial had a return on equity of 15.57% and a net margin of 16.09%. As a group, equities research analysts expect that Gladstone Commercial Co. will post 1.45 earnings per share for the current fiscal year.

Gladstone Commercial Announces Dividend

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

Analyst Upgrades and Downgrades

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

Gladstone Commercial Company 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.