Newbridge Financial Services Group Inc. Buys Shares of 2,642 Gladstone Commercial Co. (NASDAQ:GOOD)

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

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in Gladstone Commercial by 3.2% in the third quarter. Geode Capital Management LLC now owns 1,098,176 shares of the real estate investment trust’s stock valued at $17,837,000 after buying an additional 34,017 shares during the last quarter. State Street Corp lifted its position in Gladstone Commercial by 3.6% in the third quarter. State Street Corp now owns 1,051,383 shares of the real estate investment trust’s stock valued at $17,074,000 after buying an additional 36,616 shares during the last quarter. Barclays PLC lifted its position in Gladstone Commercial by 323.4% in the third quarter. Barclays PLC now owns 62,132 shares of the real estate investment trust’s stock valued at $1,009,000 after buying an additional 47,456 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in 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 valued at $7,168,000 after buying an additional 117,988 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in 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 valued at $2,941,000 after buying an additional 79,893 shares during the last quarter. Institutional investors and hedge funds own 45.51% of the company’s stock.

Gladstone Commercial Stock Up 0.6 %

Shares of NASDAQ:GOOD opened at $16.23 on Wednesday. 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 market capitalization of $712.82 million, a PE ratio of 81.15, a price-to-earnings-growth ratio of 1.88 and a beta of 1.25. The firm’s 50-day moving average is $16.31 and its two-hundred day moving average is $16.03. Gladstone Commercial Co. has a 1 year low of $11.89 and a 1 year high of $17.88.

Gladstone Commercial Dividend Announcement

The firm also recently declared 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 was Friday, January 24th. This represents a yield of 7.48%. Gladstone Commercial’s dividend payout ratio (DPR) is presently 600.00%.

Wall Street Analyst Weigh In

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.