Strategic Financial Concepts LLC Makes New Investment in Gladstone Commercial Co. (NASDAQ:GOOD)

Strategic Financial Concepts LLC bought a new position in shares of Gladstone Commercial Co. (NASDAQ:GOOD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 90,606 shares of the real estate investment trust’s stock, valued at approximately $1,471,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Geode Capital Management LLC grew its position in shares of Gladstone Commercial by 3.2% during 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 in the last quarter. State Street Corp boosted its position in shares of Gladstone Commercial by 3.6% during 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 acquiring an additional 36,616 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Gladstone Commercial by 36.5% during 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 acquiring an additional 117,988 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Gladstone Commercial by 78.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 181,118 shares of the real estate investment trust’s stock worth $2,941,000 after acquiring an additional 79,893 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Gladstone Commercial during the 3rd quarter worth approximately $2,306,000. Institutional investors and hedge funds own 45.51% of the company’s stock.

Analyst Ratings Changes

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

Gladstone Commercial Price Performance

Shares of NASDAQ:GOOD opened at $16.21 on Tuesday. The company has a market cap of $711.94 million, a price-to-earnings ratio of 81.05, a PEG ratio of 1.88 and a beta of 1.25. The company has a debt-to-equity ratio of 4.10, a current ratio of 3.54 and a quick ratio of 3.54. The firm has a 50 day simple moving average of $16.23 and a 200 day simple moving average of $16.06. Gladstone Commercial Co. has a one year low of $11.89 and a one year high of $17.88.

Gladstone Commercial Announces Dividend

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