Sumitomo Mitsui DS Asset Management Company Ltd Takes Position in Gladstone Commercial Co. (NASDAQ:GOOD)

Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Gladstone Commercial Co. (NASDAQ:GOOD) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 11,800 shares of the real estate investment trust’s stock, valued at approximately $192,000.

A number of other hedge funds also recently made changes to their positions in GOOD. Los Angeles Capital Management LLC purchased a new stake in shares of Gladstone Commercial during the third quarter valued at approximately $2,306,000. Charles Schwab Investment Management Inc. increased 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 buying an additional 117,988 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Gladstone Commercial in the fourth quarter worth $1,471,000. JPMorgan Chase & Co. increased 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 buying an additional 79,893 shares during the last quarter. Finally, Martingale Asset Management L P bought a new stake in shares of Gladstone Commercial in the third quarter worth $947,000. Hedge funds and other institutional investors own 45.51% of the company’s stock.

Gladstone Commercial Stock Down 0.9 %

Shares of NASDAQ:GOOD opened at $16.08 on Thursday. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 4.10. Gladstone Commercial Co. has a 12-month low of $11.89 and a 12-month high of $17.88. The company has a fifty day simple moving average of $16.29 and a 200 day simple moving average of $16.04. The firm has a market cap of $706.23 million, a PE ratio of 80.40, a price-to-earnings-growth ratio of 1.88 and a beta of 1.25.

Gladstone Commercial Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, 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 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.