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

Asset Management One Co. Ltd. boosted its holdings in shares of Gladstone Commercial Co. (NASDAQ:GOOD) by 7.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 62,417 shares of the real estate investment trust’s stock after buying an additional 4,240 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Gladstone Commercial were worth $999,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC boosted its position in shares of 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 purchasing an additional 34,017 shares during the last quarter. State Street Corp boosted its position in shares of 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 worth $17,074,000 after purchasing an additional 36,616 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Gladstone Commercial by 36.5% in the 3rd 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 during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Gladstone Commercial by 78.9% in the 3rd 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 during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Gladstone Commercial in the 3rd quarter worth $2,306,000. Institutional investors own 45.51% of the company’s stock.

Gladstone Commercial Stock Performance

GOOD stock opened at $15.82 on Friday. The business’s 50-day moving average price is $16.18 and its two-hundred day moving average price is $16.08. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 4.10. The firm has a market cap of $694.81 million, a PE ratio of 60.85, a P/E/G ratio of 1.85 and a beta of 1.25. Gladstone Commercial Co. has a 1-year low of $11.89 and a 1-year high of $17.88.

Gladstone Commercial (NASDAQ:GOOD) last posted its earnings results on Tuesday, February 18th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.24. The firm had revenue of $37.38 million for the quarter, compared to analyst estimates of $38.04 million. Gladstone Commercial had a return on equity of 15.57% and a net margin of 16.09%. As a group, research analysts forecast that Gladstone Commercial Co. will post 1.45 earnings per share for the current year.

Gladstone Commercial Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

Gladstone Commercial 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.