Geode Capital Management LLC lifted its holdings in shares of Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) by 3.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,098,176 shares of the real estate investment trust's stock after buying an additional 34,017 shares during the period. Geode Capital Management LLC owned approximately 2.50% of Gladstone Commercial worth $17,837,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in GOOD. Ballentine Partners LLC lifted its position in 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 during the period. Daiwa Securities Group Inc. raised its stake in shares of Gladstone Commercial by 4.8% during the second quarter. Daiwa Securities Group Inc. now owns 19,087 shares of the real estate investment trust's stock worth $272,000 after purchasing an additional 867 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Gladstone Commercial by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 159,547 shares of the real estate investment trust's stock worth $2,277,000 after purchasing an additional 1,327 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Gladstone Commercial by 12.6% during the second quarter. The Manufacturers Life Insurance Company now owns 16,039 shares of the real estate investment trust's stock worth $229,000 after purchasing an additional 1,795 shares during the period. Finally, Asset Management One Co. Ltd. grew its position in Gladstone Commercial by 3.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 58,177 shares of the real estate investment trust's stock valued at $945,000 after buying an additional 2,209 shares during the last quarter. Hedge funds and other institutional investors own 45.51% of the company's stock.
Gladstone Commercial Price Performance
GOOD stock traded down $0.17 on Friday, reaching $16.01. 181,462 shares of the company's stock were exchanged, compared to its average volume of 247,139. The stock has a fifty day moving average of $16.70 and a 200-day moving average of $15.63. The firm has a market cap of $703.14 million, a PE ratio of 80.05, a P/E/G 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 Co. has a twelve month low of $11.89 and a twelve month high of $17.88.
Gladstone Commercial Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, December 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.50%. Gladstone Commercial's dividend payout ratio (DPR) is presently 600.00%.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Canaccord Genuity Group upgraded shares of Gladstone Commercial to a "strong-buy" rating in a research report on Friday, October 4th. B. Riley reiterated a "neutral" rating and set a $15.00 price target (up from $13.50) on shares of Gladstone Commercial in a research note on Thursday, October 10th. Finally, StockNews.com downgraded shares of Gladstone Commercial from a "buy" rating to a "hold" rating in a research report on Wednesday, December 18th.
Get Our Latest Report on Gladstone Commercial
Gladstone Commercial Company Profile
(
Free Report)
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.
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