Martingale Asset Management L P Purchases New Holdings in Gladstone Commercial Co. (NASDAQ:GOOD)

Martingale Asset Management L P acquired a new position in shares of Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 58,290 shares of the real estate investment trust's stock, valued at approximately $947,000. Martingale Asset Management L P owned 0.13% of Gladstone Commercial at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Ballentine Partners LLC boosted its stake in shares of Gladstone Commercial by 5.3% during the second quarter. Ballentine Partners LLC now owns 14,214 shares of the real estate investment trust's stock valued at $203,000 after purchasing an additional 714 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings 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 valued at $272,000 after acquiring an additional 867 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in Gladstone Commercial by 7.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 17,990 shares of the real estate investment trust's stock worth $250,000 after buying an additional 1,185 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in 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 buying an additional 1,327 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Gladstone Commercial by 7.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,618 shares of the real estate investment trust's stock worth $327,000 after buying an additional 1,609 shares in the last quarter. Institutional investors own 45.51% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GOOD. StockNews.com cut Gladstone Commercial from a "buy" rating to a "hold" rating in a research report on Monday. B. Riley reaffirmed a "neutral" rating and set a $15.00 price target (up previously from $13.50) on shares of Gladstone Commercial in a research report on Thursday, October 10th. Finally, Canaccord Genuity Group upgraded Gladstone Commercial to a "strong-buy" rating in a research note on Friday, October 4th.

Gladstone Commercial Trading Down 1.1 %

GOOD stock traded down $0.19 during trading on Tuesday, hitting $17.33. 200,568 shares of the company traded hands, compared to its average volume of 244,423. The firm has a market capitalization of $761.13 million, a PE ratio of 86.65, a P/E/G ratio of 2.04 and a beta of 1.24. Gladstone Commercial Co. has a 1 year low of $11.89 and a 1 year high of $17.88. The company has a 50-day moving average of $16.53 and a 200-day moving average of $15.33. The company has a debt-to-equity ratio of 4.10, a quick ratio of 3.54 and a current ratio of 3.54.

Gladstone Commercial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be issued a $0.10 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.20 dividend on an annualized basis and a yield of 6.92%. Gladstone Commercial's dividend payout ratio (DPR) is 600.00%.

Gladstone Commercial Company 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.