Bessemer Group Inc. boosted its position in Gladstone Commercial Co. (NASDAQ:GOOD) by 71.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,800 shares of the real estate investment trust’s stock after purchasing an additional 28,300 shares during the period. Bessemer Group Inc. owned approximately 0.23% of Gladstone Commercial worth $1,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Gladstone Commercial by 1.8% during the third quarter. Vanguard Group Inc. now owns 2,934,305 shares of the real estate investment trust’s stock worth $56,192,000 after acquiring an additional 53,204 shares during the period. Vanguard Group Inc increased its position in shares of Gladstone Commercial by 1.8% during the third quarter. Vanguard Group Inc now owns 2,934,305 shares of the real estate investment trust’s stock worth $56,192,000 after acquiring an additional 53,204 shares during the period. BlackRock Inc. increased its position in shares of Gladstone Commercial by 3.1% during the fourth quarter. BlackRock Inc. now owns 2,252,248 shares of the real estate investment trust’s stock worth $40,361,000 after acquiring an additional 68,243 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Gladstone Commercial by 2.1% during the third quarter. Dimensional Fund Advisors LP now owns 405,552 shares of the real estate investment trust’s stock worth $7,766,000 after acquiring an additional 8,150 shares during the period. Finally, Northern Trust Corp increased its holdings in Gladstone Commercial by 6.3% during the second quarter. Northern Trust Corp now owns 365,808 shares of the real estate investment trust’s stock valued at $7,031,000 after buying an additional 21,559 shares during the period. 53.17% of the stock is owned by institutional investors and hedge funds.

Shares of GOOD stock opened at $20.87 on Friday. The company has a market cap of $611.17 million, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 2.57 and a beta of 0.91. The company has a debt-to-equity ratio of 2.22, a quick ratio of 15.32 and a current ratio of 15.32. Gladstone Commercial Co. has a 52-week low of $16.81 and a 52-week high of $21.45.

Gladstone Commercial (NASDAQ:GOOD) last issued its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.41). The business had revenue of $27.26 million for the quarter, compared to analysts’ expectations of $27.18 million. Gladstone Commercial had a net margin of 11.54% and a return on equity of 4.87%. Sell-side analysts anticipate that Gladstone Commercial Co. will post 1.61 earnings per share for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Friday, March 29th. Shareholders of record on Wednesday, March 20th will be issued a $0.125 dividend. This represents a $1.50 annualized dividend and a yield of 7.19%. The ex-dividend date is Tuesday, March 19th. Gladstone Commercial’s dividend payout ratio is currently 94.34%.

GOOD has been the topic of several research reports. BidaskClub lowered shares of Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 28th. Boenning Scattergood reissued a “buy” rating and set a $21.00 price objective on shares of Gladstone Commercial in a report on Thursday, February 14th. Zacks Investment Research raised shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a report on Saturday, January 26th. Finally, ValuEngine raised shares of Gladstone Commercial from a “hold” rating to a “buy” rating in a report on Friday, February 15th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $21.13.

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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 2019, Gladstone Commercial has paid 168 consecutive monthly cash distributions on its common stock.

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

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