Los Angeles Capital Management LLC Takes Position in Gladstone Commercial Co. (NASDAQ:GOOD)

Los Angeles Capital Management LLC bought a new position in Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 141,996 shares of the real estate investment trust's stock, valued at approximately $2,306,000. Los Angeles Capital Management LLC owned approximately 0.33% of Gladstone Commercial at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in GOOD. Asset Management One Co. Ltd. raised its holdings in shares of Gladstone Commercial by 3.9% during the third quarter. Asset Management One Co. Ltd. now owns 58,177 shares of the real estate investment trust's stock valued at $945,000 after acquiring an additional 2,209 shares in the last quarter. EMC Capital Management raised its holdings in Gladstone Commercial by 374.8% in the third quarter. EMC Capital Management now owns 34,840 shares of the real estate investment trust's stock worth $566,000 after purchasing an additional 27,502 shares in the last quarter. Ballentine Partners LLC lifted its position in Gladstone Commercial by 11.4% during the third quarter. Ballentine Partners LLC now owns 15,838 shares of the real estate investment trust's stock valued at $257,000 after buying an additional 1,624 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Gladstone Commercial by 1,524.0% during the 3rd quarter. International Assets Investment Management LLC now owns 37,644 shares of the real estate investment trust's stock valued at $611,000 after buying an additional 35,326 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Gladstone Commercial in the 3rd quarter worth about $226,000. Hedge funds and other institutional investors own 45.51% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on GOOD. Canaccord Genuity Group raised shares of Gladstone Commercial to a "strong-buy" rating in a research note on Friday, October 4th. StockNews.com lowered Gladstone Commercial from a "buy" rating to a "hold" rating in a research report on Wednesday, August 7th. Finally, B. Riley reissued a "neutral" rating and issued a $15.00 target price (up from $13.50) on shares of Gladstone Commercial in a report on Thursday, October 10th.

Gladstone Commercial Stock Down 1.6 %

GOOD traded down $0.27 during trading on Thursday, hitting $16.79. 226,878 shares of the company's stock traded hands, compared to its average volume of 243,884. Gladstone Commercial Co. has a 12-month low of $11.89 and a 12-month high of $17.53. The company's 50 day simple moving average is $16.14 and its two-hundred day simple moving average is $15.04. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 4.10. The stock has a market capitalization of $737.42 million, a price-to-earnings ratio of 86.40, a PEG ratio of 2.04 and a beta of 1.21.

Gladstone Commercial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.20 dividend on an annualized basis and a yield of 7.15%. Gladstone Commercial's dividend payout ratio (DPR) is 600.00%.

Gladstone Commercial 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.