State Street Corp Buys 36,616 Shares of Gladstone Commercial Co. (NASDAQ:GOOD)

State Street Corp raised its holdings in Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) by 3.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,051,383 shares of the real estate investment trust's stock after buying an additional 36,616 shares during the period. State Street Corp owned about 2.39% of Gladstone Commercial worth $17,074,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in GOOD. International Assets Investment Management LLC acquired a new position in Gladstone Commercial in the 2nd quarter valued at about $33,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Gladstone Commercial by 68.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,116 shares of the real estate investment trust's stock worth $116,000 after purchasing an additional 2,885 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Gladstone Commercial during the second quarter worth approximately $127,000. Atomi Financial Group Inc. acquired a new stake in shares of Gladstone Commercial in the second quarter valued at approximately $158,000. Finally, American Century Companies Inc. boosted its stake in shares of Gladstone Commercial by 21.8% in the second quarter. American Century Companies Inc. now owns 12,337 shares of the real estate investment trust's stock valued at $176,000 after buying an additional 2,210 shares during the period. 45.51% of the stock is owned by institutional investors and hedge funds.

Gladstone Commercial Price Performance

GOOD traded up $0.16 during trading on Wednesday, hitting $16.09. 104,975 shares of the stock traded hands, compared to its average volume of 247,849. The business has a 50 day moving average price of $16.72 and a 200 day moving average price of $15.59. The company has a debt-to-equity ratio of 4.10, a current ratio of 3.54 and a quick ratio of 3.54. Gladstone Commercial Co. has a twelve month low of $11.89 and a twelve month high of $17.88. The company has a market cap of $706.66 million, a price-to-earnings ratio of 80.45, a PEG ratio of 1.97 and a beta of 1.24.

Gladstone Commercial Announces Dividend

The firm 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 is Friday, December 20th. This represents a $1.20 annualized dividend and a dividend yield of 7.46%. Gladstone Commercial's dividend payout ratio is currently 600.00%.

Wall Street Analyst Weigh In

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

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.