Nomura Asset Management Co. Ltd. Grows Position in Gladstone Commercial Co. (NASDAQ:GOOD)

Nomura Asset Management Co. Ltd. lifted its stake in shares of Gladstone Commercial Co. (NASDAQ:GOOD) by 12.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 55,600 shares of the real estate investment trust’s stock after purchasing an additional 6,100 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.13% of Gladstone Commercial worth $903,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC grew its position in Gladstone Commercial by 3.2% during the third quarter. Geode Capital Management LLC now owns 1,098,176 shares of the real estate investment trust’s stock worth $17,837,000 after buying an additional 34,017 shares during the period. State Street Corp grew its holdings 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 acquiring an additional 36,616 shares during the period. Barclays PLC increased its stake in Gladstone Commercial by 323.4% in the 3rd quarter. Barclays PLC now owns 62,132 shares of the real estate investment trust’s stock valued at $1,009,000 after purchasing an additional 47,456 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Gladstone Commercial by 36.5% during the third 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. Finally, JPMorgan Chase & Co. boosted its position in Gladstone Commercial by 78.9% during the third 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 in the last quarter. 45.51% of the stock is owned by institutional investors and hedge funds.

Gladstone Commercial Stock Performance

Shares of Gladstone Commercial stock opened at $15.07 on Thursday. Gladstone Commercial Co. has a 1 year low of $12.85 and a 1 year high of $17.88. The company has a debt-to-equity ratio of 4.05, a current ratio of 5.68 and a quick ratio of 3.54. The business has a 50 day moving average price of $15.66 and a 200 day moving average price of $16.16. The company has a market capitalization of $689.56 million, a P/E ratio of 57.96, a P/E/G ratio of 1.82 and a beta of 1.24.

Gladstone Commercial (NASDAQ:GOOD) last issued its quarterly earnings data on Tuesday, February 18th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.24. The business had revenue of $37.38 million for the quarter, compared to the consensus estimate of $38.04 million. Gladstone Commercial had a return on equity of 15.16% and a net margin of 16.09%. Sell-side analysts anticipate that Gladstone Commercial Co. will post 1.45 EPS for the current fiscal year.

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 dividend of $0.10 per share. The ex-dividend date was Friday, January 24th. This represents a dividend yield of 7.48%. Gladstone Commercial’s dividend payout ratio (DPR) is presently 461.54%.

Wall Street Analyst Weigh In

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

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.