UBS Group AG reduced its stake in Gladstone Commercial Corporation (NASDAQ:GOOD) by 42.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,470 shares of the real estate investment trust’s stock after selling 6,989 shares during the period. UBS Group AG’s holdings in Gladstone Commercial Corporation were worth $196,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Karp Capital Management Corp purchased a new stake in Gladstone Commercial Corporation during the first quarter worth approximately $481,000. Bank of New York Mellon Corp boosted its stake in Gladstone Commercial Corporation by 6.5% in the first quarter. Bank of New York Mellon Corp now owns 237,993 shares of the real estate investment trust’s stock worth $4,919,000 after buying an additional 14,535 shares during the last quarter. HPM Partners LLC purchased a new stake in Gladstone Commercial Corporation during the first quarter worth approximately $289,000. Boston Partners boosted its stake in Gladstone Commercial Corporation by 2.6% in the first quarter. Boston Partners now owns 77,272 shares of the real estate investment trust’s stock worth $1,597,000 after buying an additional 1,984 shares during the last quarter. Finally, Albert D Mason Inc. boosted its stake in Gladstone Commercial Corporation by 1.3% in the first quarter. Albert D Mason Inc. now owns 68,778 shares of the real estate investment trust’s stock worth $1,422,000 after buying an additional 870 shares during the last quarter. 48.19% of the stock is owned by hedge funds and other institutional investors.

Gladstone Commercial Corporation (NASDAQ GOOD) traded down 0.341% during midday trading on Tuesday, reaching $20.739. 8,629 shares of the company were exchanged. The company’s market cap is $573.27 million. Gladstone Commercial Corporation has a 52 week low of $16.02 and a 52 week high of $23.35.

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 20th will be given a dividend of $0.125 per share. The ex-dividend date is Tuesday, September 19th. This represents a $1.50 annualized dividend and a dividend yield of 7.21%. Gladstone Commercial Corporation’s dividend payout ratio is presently -1,250.00%.

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A number of equities research analysts recently commented on GOOD shares. DA Davidson started coverage on shares of Gladstone Commercial Corporation in a research report on Tuesday, July 25th. They set a “buy” rating and a $24.00 target price for the company. Canaccord Genuity started coverage on shares of Gladstone Commercial Corporation in a research report on Tuesday, July 18th. They set a “hold” rating and a $22.00 target price for the company. BidaskClub cut shares of Gladstone Commercial Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Zacks Investment Research raised shares of Gladstone Commercial Corporation from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Tuesday, May 9th. Finally, Hilliard Lyons cut shares of Gladstone Commercial Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $22.67.

About Gladstone Commercial Corporation

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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