The Manufacturers Life Insurance Company boosted its holdings in Gladstone Commercial Corporation (NASDAQ:GOOD) by 6.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,662 shares of the real estate investment trust’s stock after acquiring an additional 1,336 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Gladstone Commercial were worth $472,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Creative Planning increased its position in Gladstone Commercial by 11.7% in the 2nd quarter. Creative Planning now owns 4,928 shares of the real estate investment trust’s stock valued at $107,000 after acquiring an additional 517 shares during the period. BNP Paribas Arbitrage SA increased its position in Gladstone Commercial by 99.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,032 shares of the real estate investment trust’s stock valued at $110,000 after acquiring an additional 2,511 shares during the period. Nisa Investment Advisors LLC increased its position in Gladstone Commercial by 4.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 8,190 shares of the real estate investment trust’s stock valued at $168,000 after acquiring an additional 350 shares during the period. Bank of America Corp DE increased its position in Gladstone Commercial by 44.0% in the 1st quarter. Bank of America Corp DE now owns 12,831 shares of the real estate investment trust’s stock valued at $265,000 after acquiring an additional 3,918 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Gladstone Commercial by 7.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 13,488 shares of the real estate investment trust’s stock valued at $279,000 after acquiring an additional 910 shares during the period. Hedge funds and other institutional investors own 50.97% of the company’s stock.

GOOD has been the topic of several analyst reports. Canaccord Genuity lowered their target price on Gladstone Commercial from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Wednesday, August 2nd. Zacks Investment Research cut Gladstone Commercial from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. BidaskClub upgraded Gladstone Commercial from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Gladstone Commercial in a research report on Thursday, August 17th. Finally, Janney Montgomery Scott initiated coverage on Gladstone Commercial in a research report on Friday, September 8th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $23.33.

Gladstone Commercial Corporation (NASDAQ GOOD) opened at $22.81 on Friday. Gladstone Commercial Corporation has a 1 year low of $18.02 and a 1 year high of $23.35. The stock has a market capitalization of $631.97, a price-to-earnings ratio of 15.11, a PEG ratio of 2.49 and a beta of 0.86. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.68 and a current ratio of 0.68.

The company also recently declared a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, November 20th will be given a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a dividend yield of 6.58%. The ex-dividend date is Friday, November 17th. Gladstone Commercial’s dividend payout ratio (DPR) is presently -5,000.00%.

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Gladstone Commercial 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.

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

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