Barclays PLC Grows Position in Gladstone Commercial Co. (NASDAQ:GOOD)

Barclays PLC raised its holdings in Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) by 323.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,132 shares of the real estate investment trust's stock after purchasing an additional 47,456 shares during the quarter. Barclays PLC owned 0.14% of Gladstone Commercial worth $1,009,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of Gladstone Commercial during the 2nd quarter worth $33,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Gladstone Commercial by 68.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,116 shares of the real estate investment trust's stock worth $116,000 after buying an additional 2,885 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in Gladstone Commercial in the second quarter valued at about $127,000. American Century Companies Inc. lifted its position in shares of Gladstone Commercial by 21.8% during the 2nd quarter. American Century Companies Inc. now owns 12,337 shares of the real estate investment trust's stock valued at $176,000 after acquiring an additional 2,210 shares during the period. Finally, Ballentine Partners LLC boosted its stake in shares of Gladstone Commercial by 5.3% during the 2nd quarter. Ballentine Partners LLC now owns 14,214 shares of the real estate investment trust's stock worth $203,000 after acquiring an additional 714 shares in the last quarter. Institutional investors and hedge funds own 45.51% of the company's stock.

Gladstone Commercial Trading Up 0.4 %

Shares of NASDAQ:GOOD traded up $0.06 during trading on Tuesday, reaching $16.24. The stock had a trading volume of 244,990 shares, compared to its average volume of 246,903. Gladstone Commercial Co. has a fifty-two week low of $11.89 and a fifty-two week high of $17.88. The business has a fifty day moving average price of $16.70 and a 200-day moving average price of $15.66. The stock has a market cap of $713.24 million, a P/E ratio of 81.20, a PEG ratio of 1.97 and a beta of 1.24. The company has a quick ratio of 3.54, a current ratio of 3.54 and a debt-to-equity ratio of 4.10.

Gladstone Commercial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.39%. The ex-dividend date of this dividend is Friday, December 20th. Gladstone Commercial's dividend payout ratio is presently 600.00%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GOOD. Canaccord Genuity Group raised Gladstone Commercial to a "strong-buy" rating in a research note on Friday, October 4th. StockNews.com cut Gladstone Commercial from a "buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Finally, B. Riley reissued a "neutral" rating and issued a $15.00 price objective (up from $13.50) on shares of Gladstone Commercial in a research note on Thursday, October 10th.

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.