Barclays PLC Acquires 47,456 Shares of Gladstone Commercial Co. (NASDAQ:GOOD)

Barclays PLC raised its holdings in Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) by 323.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & 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 period. Barclays PLC owned 0.14% of Gladstone Commercial worth $1,009,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of 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 valued at $17,837,000 after purchasing an additional 34,017 shares in the last quarter. State Street Corp increased its stake in 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 last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Gladstone Commercial by 36.5% in the 3rd 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 acquiring an additional 117,988 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Gladstone Commercial during the 3rd quarter valued at about $2,306,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Gladstone Commercial by 2.5% during the second quarter. Renaissance Technologies LLC now owns 1,410,120 shares of the real estate investment trust's stock worth $20,122,000 after purchasing an additional 34,400 shares in the last quarter. Institutional investors own 45.51% of the company's stock.

Gladstone Commercial Price Performance

Shares of GOOD stock traded up $0.25 during trading hours on Wednesday, hitting $16.13. 125,743 shares of the company's stock were exchanged, compared to its average volume of 179,809. The company has a market capitalization of $708.41 million, a PE ratio of 80.65, a PEG ratio of 1.96 and a beta of 1.25. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 4.10. Gladstone Commercial Co. has a 12-month low of $11.89 and a 12-month high of $17.88. The business's 50 day simple moving average is $16.69 and its 200-day simple moving average is $15.80.

Gladstone Commercial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, March 19th will be given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.44%. The ex-dividend date of this dividend is Wednesday, March 19th. Gladstone Commercial's payout ratio is presently 600.00%.

Analyst Ratings Changes

Several equities research analysts have issued reports on GOOD shares. StockNews.com lowered shares of Gladstone Commercial from a "buy" rating to a "hold" rating in a research report on Wednesday, December 18th. B. Riley reaffirmed a "neutral" rating and set a $15.00 price objective (up from $13.50) on shares of Gladstone Commercial in a report on Thursday, October 10th. Finally, Canaccord Genuity Group upgraded Gladstone Commercial to a "strong-buy" rating in a research report on Friday, October 4th.

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.