90,606 Shares in Gladstone Commercial Co. (NASDAQ:GOOD) Purchased by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC acquired a new position in shares of Gladstone Commercial Co. (NASDAQ:GOOD) in the fourth quarter, HoldingsChannel reports. The firm acquired 90,606 shares of the real estate investment trust’s stock, valued at approximately $1,471,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOD. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Gladstone Commercial by 68.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,116 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 2,885 shares in the last quarter. Atomi Financial Group Inc. lifted its stake in shares of Gladstone Commercial by 8.0% in the 4th quarter. Atomi Financial Group Inc. now owns 12,256 shares of the real estate investment trust’s stock valued at $199,000 after purchasing an additional 908 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Gladstone Commercial in the 3rd quarter valued at about $226,000. Ballentine Partners LLC lifted its stake in shares of Gladstone Commercial by 11.4% in the 3rd quarter. Ballentine Partners LLC now owns 15,838 shares of the real estate investment trust’s stock valued at $257,000 after purchasing an additional 1,624 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Gladstone Commercial by 12.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,039 shares of the real estate investment trust’s stock valued at $229,000 after purchasing an additional 1,795 shares in the last quarter. Hedge funds and other institutional investors own 45.51% of the company’s stock.

Analyst Ratings Changes

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

Gladstone Commercial Stock Performance

Gladstone Commercial stock opened at $16.14 on Tuesday. The stock’s 50 day moving average price is $16.34 and its 200 day moving average price is $16.02. Gladstone Commercial Co. has a one year low of $11.89 and a one year high of $17.88. The firm has a market capitalization of $708.87 million, a PE ratio of 80.70, a price-to-earnings-growth ratio of 1.88 and a beta of 1.25. 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 Announces Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a dividend yield of 7.48%. Gladstone Commercial’s dividend payout ratio (DPR) is 600.00%.

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.