Bard Associates Inc. reduced its position in Gladstone Commercial Corporation (NASDAQ:GOOD) by 0.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,955 shares of the real estate investment trust’s stock after selling 150 shares during the quarter. Bard Associates Inc. owned approximately 0.26% of Gladstone Commercial Corporation worth $1,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Creative Planning increased its position in Gladstone Commercial Corporation by 11.7% in the second quarter. Creative Planning now owns 4,928 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 517 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in Gladstone Commercial Corporation by 99.6% in the second quarter. BNP Paribas Arbitrage SA now owns 5,032 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 2,511 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Gladstone Commercial Corporation by 4.5% in the second quarter. Nisa Investment Advisors LLC now owns 8,190 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 350 shares during the last quarter. Bank of America Corp DE increased its position in Gladstone Commercial Corporation by 44.0% in the first quarter. Bank of America Corp DE now owns 12,831 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 3,918 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Gladstone Commercial Corporation by 7.2% in the first quarter. Goldman Sachs Group Inc. now owns 13,488 shares of the real estate investment trust’s stock worth $279,000 after buying an additional 910 shares during the last quarter. 49.07% of the stock is owned by institutional investors and hedge funds.

Shares of Gladstone Commercial Corporation (NASDAQ GOOD) traded up 0.51% during trading on Monday, hitting $21.85. The stock had a trading volume of 21,593 shares. The firm’s market capitalization is $603.98 million. The stock’s 50-day moving average price is $21.01 and its 200 day moving average price is $21.02. Gladstone Commercial Corporation has a 1-year low of $16.02 and a 1-year high of $23.35.

The company also recently declared a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 20th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $1.50 annualized dividend and a dividend yield of 6.90%. Gladstone Commercial Corporation’s payout ratio is -1,250.00%.

TRADEMARK VIOLATION NOTICE: This story was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/09/11/bard-associates-inc-sells-150-shares-of-gladstone-commercial-corporation-good.html.

GOOD has been the subject of a number of recent research reports. Zacks Investment Research downgraded Gladstone Commercial Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, May 23rd. BidaskClub downgraded Gladstone Commercial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Canaccord Genuity initiated coverage on Gladstone Commercial Corporation in a research report on Tuesday, July 18th. They issued a “hold” rating and a $22.00 target price for the company. DA Davidson initiated coverage on Gladstone Commercial Corporation in a research report on Tuesday, July 25th. They issued a “buy” rating and a $24.00 target price for the company. Finally, Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Gladstone Commercial Corporation in a research report on Thursday, August 17th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $22.67.

Gladstone Commercial Corporation Company Profile

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.

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

Receive News & Stock Ratings for Gladstone Commercial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Commercial Corporation and related stocks with our FREE daily email newsletter.