2,642 Shares in Gladstone Commercial Co. (NASDAQ:GOOD) Acquired by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. bought a new position in shares of Gladstone Commercial Co. (NASDAQ:GOOD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,642 shares of the real estate investment trust’s stock, valued at approximately $43,000.

A number of other large investors have also recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of Gladstone Commercial during the fourth quarter worth approximately $192,000. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Gladstone Commercial by 16.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 48,239 shares of the real estate investment trust’s stock worth $783,000 after buying an additional 6,724 shares during the period. Strategic Financial Concepts LLC purchased a new stake in shares of Gladstone Commercial during the fourth quarter worth approximately $1,471,000. State of Alaska Department of Revenue increased its stake in shares of Gladstone Commercial by 6.5% during the fourth quarter. State of Alaska Department of Revenue now owns 20,246 shares of the real estate investment trust’s stock worth $328,000 after buying an additional 1,242 shares during the period. Finally, Register Financial Advisors LLC increased its stake in shares of Gladstone Commercial by 2.2% during the fourth quarter. Register Financial Advisors LLC now owns 53,342 shares of the real estate investment trust’s stock worth $866,000 after buying an additional 1,166 shares during the period. 45.51% of the stock is currently owned by hedge funds and other institutional investors.

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 Stock Performance

Shares of Gladstone Commercial stock opened at $16.23 on Wednesday. The firm has a market capitalization of $712.82 million, a P/E ratio of 81.15, a P/E/G 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. The firm’s 50 day moving average is $16.31 and its two-hundred day moving average is $16.03.

Gladstone Commercial Announces Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were paid 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 dividend payout ratio is currently 600.00%.

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.