State Street Corp raised its position in Gladstone Commercial Co. (NASDAQ:GOOD) by 12.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 385,589 shares of the real estate investment trust’s stock after buying an additional 41,451 shares during the period. State Street Corp owned 1.62% of Gladstone Commercial worth $7,750,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. First Trust Advisors LP bought a new position in Gladstone Commercial during the third quarter valued at $195,000. Russell Investments Group Ltd. purchased a new stake in Gladstone Commercial during the fourth quarter worth approximately $366,000. Aperio Group LLC increased its stake in Gladstone Commercial by 30.9% in the third quarter. Aperio Group LLC now owns 22,250 shares of the real estate investment trust’s stock worth $415,000 after buying an additional 5,247 shares in the last quarter. Cornercap Investment Counsel Inc. purchased a new stake in Gladstone Commercial during the fourth quarter worth approximately $514,000. Finally, DIAM Co. Ltd. increased its stake in Gladstone Commercial by 2.6% in the third quarter. DIAM Co. Ltd. now owns 50,900 shares of the real estate investment trust’s stock worth $957,000 after buying an additional 1,270 shares in the last quarter. 42.54% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Gladstone Commercial (NASDAQ:GOOD)

Shares of Gladstone Commercial Co. (NASDAQ:GOOD) traded up 0.25% during midday trading on Friday, reaching $20.19. The company’s stock had a trading volume of 139,240 shares. The company has a 50 day moving average price of $21.36 and a 200-day moving average price of $19.90. Gladstone Commercial Co. has a 52 week low of $16.02 and a 52 week high of $23.35. The stock’s market capitalization is $508.69 million.

Gladstone Commercial (NASDAQ:GOOD) last posted its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.38 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.38. Gladstone Commercial had a net margin of 4.91% and a return on equity of 1.85%. The firm had revenue of $22.31 million during the quarter. On average, equities research analysts expect that Gladstone Commercial Co. will post $0.01 EPS for the current year.

The business also recently announced a monthly dividend, which was paid on Friday, April 28th. Investors of record on Friday, April 21st were issued a $0.125 dividend. The ex-dividend date was Wednesday, April 19th. This represents a $1.50 annualized dividend and a yield of 7.45%. Gladstone Commercial’s dividend payout ratio (DPR) is presently -1,666.67%.

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A number of research firms recently commented on GOOD. Zacks Investment Research upgraded Gladstone Commercial from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Tuesday, May 9th. Hilliard Lyons downgraded Gladstone Commercial from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 3rd.

About Gladstone Commercial

Gladstone Commercial Corporation is a real estate investment trust. The Company focuses on acquiring, owning and managing primarily office and industrial properties. The Company also makes long-term industrial and commercial mortgage loans. As of February 15, 2017, the Company owned 95 properties totaling 10.9 million square feet in 24 states.

5 Day Chart for NASDAQ:GOOD

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