Gladstone Commercial Corp. (NASDAQ:GOOD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday.

According to Zacks, “Gladstone Commercial Corporation is a publicly traded real estate investment trust that focuses on investing in and owning triple-net leased industrial and commercial real estate properties and selectively making long-term mortgage loans. Its goal is to pay our shareholders dividends on a monthly basis. Its objective is to increase the amount of dividends paid out each year. “

Separately, TheStreet upgraded Gladstone Commercial Corp. from a “sell” rating to a “hold” rating in a research note on Monday, August 8th.

Shares of Gladstone Commercial Corp. (NASDAQ:GOOD) opened at 19.14 on Monday. The firm’s 50-day moving average price is $0.00 and its 200-day moving average price is $0.00. Gladstone Commercial Corp. has a 52-week low of $12.00 and a 52-week high of $19.25.

The firm also recently declared a monthly dividend, which will be paid on Friday, December 30th. Investors of record on Tuesday, December 20th will be paid a $0.125 dividend. This represents a $1.50 annualized dividend and a dividend yield of 7.84%. The ex-dividend date is Friday, December 16th. Gladstone Commercial Corp.’s dividend payout ratio (DPR) is -1,666.67%.

In other news, Director Caren D. Merrick acquired 2,816 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was purchased at an average cost of $17.76 per share, with a total value of $50,012.16. Following the completion of the acquisition, the director now directly owns 2,816 shares in the company, valued at $50,012.16. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael Sodo acquired 1,800 shares of the stock in a transaction that occurred on Thursday, November 3rd. The stock was purchased at an average cost of $16.57 per share, with a total value of $29,826.00. Following the completion of the acquisition, the chief financial officer now owns 1,800 shares of the company’s stock, valued at $29,826. The disclosure for this purchase can be found here. 2.36% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. D.A. Davidson & CO. raised its stake in shares of Gladstone Commercial Corp. by 7.5% in the third quarter. D.A. Davidson & CO. now owns 9,257 shares of the real estate investment trust’s stock valued at $172,000 after buying an additional 647 shares in the last quarter. Credit Suisse AG raised its stake in shares of Gladstone Commercial Corp. by 50.7% in the third quarter. Credit Suisse AG now owns 32,408 shares of the real estate investment trust’s stock valued at $604,000 after buying an additional 10,903 shares in the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of Gladstone Commercial Corp. by 71.7% in the third quarter. D. E. Shaw & Co. Inc. now owns 20,228 shares of the real estate investment trust’s stock valued at $377,000 after buying an additional 8,449 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Gladstone Commercial Corp. during the third quarter valued at $341,000. Finally, Morgan Stanley raised its stake in shares of Gladstone Commercial Corp. by 9.9% in the third quarter. Morgan Stanley now owns 92,971 shares of the real estate investment trust’s stock valued at $1,732,000 after buying an additional 8,345 shares in the last quarter. 40.95% of the stock is owned by hedge funds and other institutional investors.

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Gladstone Commercial Corp. Company Profile

Gladstone Commercial Corporation is a real estate investment trust (REIT). The Company focuses on acquiring, owning and managing office and industrial properties, and making long-term industrial and commercial mortgage loans. The Company’s portfolio of real estate is leased to a section of tenants ranging from small businesses to large public companies.

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