Martingale Asset Management L P lifted its holdings in shares of Gladstone Commercial Corporation (NASDAQ:GOOD) by 0.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 124,111 shares of the real estate investment trust’s stock after buying an additional 800 shares during the period. Martingale Asset Management L P owned about 0.45% of Gladstone Commercial Corporation worth $2,705,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Metropolitan Life Insurance Co. NY raised its holdings in shares of Gladstone Commercial Corporation by 0.3% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 16,717 shares of the real estate investment trust’s stock worth $346,000 after buying an additional 51 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Gladstone Commercial Corporation by 1.0% during the 1st quarter. California Public Employees Retirement System now owns 31,500 shares of the real estate investment trust’s stock worth $651,000 after buying an additional 300 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings 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 worth $168,000 after buying an additional 350 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Gladstone Commercial Corporation by 0.8% during the 2nd quarter. Bessemer Group Inc. now owns 52,500 shares of the real estate investment trust’s stock worth $1,144,000 after buying an additional 400 shares in the last quarter. Finally, Strs Ohio raised its holdings in shares of Gladstone Commercial Corporation by 0.9% during the 1st quarter. Strs Ohio now owns 43,721 shares of the real estate investment trust’s stock worth $903,000 after buying an additional 401 shares in the last quarter. 49.07% of the stock is owned by institutional investors.

Shares of Gladstone Commercial Corporation (NASDAQ GOOD) opened at 21.74 on Monday. The company’s market cap is $600.94 million. The company’s 50-day moving average price is $21.13 and its 200-day moving average price is $21.05. Gladstone Commercial Corporation has a 12 month low of $16.02 and a 12 month high of $23.35.

The company also recently declared a monthly dividend, which will be paid on Friday, September 29th. Shareholders 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 dividend on an annualized basis and a yield of 6.90%. Gladstone Commercial Corporation’s payout ratio is -1,250.00%.

GOOD has been the subject of a number of research analyst reports. Zacks Investment Research cut Gladstone Commercial Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, May 23rd. BidaskClub cut Gladstone Commercial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Canaccord Genuity initiated coverage on Gladstone Commercial Corporation in a report on Tuesday, July 18th. They set a “hold” rating and a $22.00 price target for the company. DA Davidson initiated coverage on Gladstone Commercial Corporation in a report on Tuesday, July 25th. They set a “buy” rating and a $24.00 price target for the company. Finally, Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Gladstone Commercial Corporation in a 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’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.67.

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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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