Strs Ohio Has $927,000 Stake in Gladstone Commercial Corporation (GOOD)

Strs Ohio grew its stake in shares of Gladstone Commercial Corporation (NASDAQ:GOOD) by 5.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,661 shares of the real estate investment trust’s stock after buying an additional 2,261 shares during the period. Strs Ohio owned 0.15% of Gladstone Commercial Corporation worth $927,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Creative Planning lifted its position in shares of Gladstone Commercial Corporation by 11.7% during the 2nd quarter. Creative Planning now owns 4,928 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 517 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Gladstone Commercial Corporation by 99.6% during 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 buying an additional 2,511 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Gladstone Commercial Corporation by 4.5% during 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 buying an additional 350 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Gladstone Commercial Corporation by 44.0% during 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 buying an additional 3,918 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Gladstone Commercial Corporation by 7.2% during 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 buying an additional 910 shares in the last quarter. 49.11% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Gladstone Commercial Corporation (GOOD) opened at $22.38 on Friday. The stock has a market capitalization of $620.06, a P/E ratio of 14.82, a P/E/G ratio of 2.44 and a beta of 0.86. Gladstone Commercial Corporation has a 12 month low of $16.56 and a 12 month high of $23.35. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.81 and a current ratio of 0.68.

The firm also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Investors of record on Monday, November 20th will be paid a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a yield of 6.70%. The ex-dividend date is Friday, November 17th. Gladstone Commercial Corporation’s dividend payout ratio (DPR) is presently -5,000.00%.

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GOOD has been the topic of a number of analyst reports. BidaskClub cut Gladstone Commercial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Zacks Investment Research raised Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Canaccord Genuity initiated coverage on Gladstone Commercial Corporation in a research note on Tuesday, July 18th. They set a “hold” rating and a $22.00 target price on the stock. DA Davidson initiated coverage on Gladstone Commercial Corporation in a research note on Tuesday, July 25th. They set a “buy” rating and a $24.00 target price on the stock. Finally, Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Gladstone Commercial Corporation in a research note on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Gladstone Commercial Corporation has a consensus rating of “Hold” and an average price target of $23.33.

Gladstone Commercial Corporation 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)

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