Strs Ohio grew its position in Gladstone Commercial Co. (NASDAQ:GOOD) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,650 shares of the real estate investment trust’s stock after acquiring an additional 3,517 shares during the period. Strs Ohio’s holdings in Gladstone Commercial were worth $889,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in GOOD. Advisory Services Network LLC grew its position in shares of Gladstone Commercial by 380.4% in the 3rd quarter. Advisory Services Network LLC now owns 6,946 shares of the real estate investment trust’s stock valued at $133,000 after acquiring an additional 5,500 shares during the period. State of Alaska Department of Revenue bought a new position in shares of Gladstone Commercial in the 3rd quarter valued at about $171,000. Public Employees Retirement Association of Colorado bought a new stake in shares of Gladstone Commercial during the 3rd quarter worth about $264,000. Wedbush Securities Inc. bought a new stake in shares of Gladstone Commercial during the 3rd quarter worth about $347,000. Finally, MetLife Investment Advisors LLC boosted its holdings in shares of Gladstone Commercial by 51.6% during the 3rd quarter. MetLife Investment Advisors LLC now owns 20,071 shares of the real estate investment trust’s stock worth $384,000 after buying an additional 6,828 shares during the period. 54.15% of the stock is owned by institutional investors.
Shares of GOOD stock opened at $20.22 on Wednesday. The stock has a market cap of $585.84 million, a P/E ratio of 12.79, a P/E/G ratio of 2.07 and a beta of 0.84. The company has a quick ratio of 13.78, a current ratio of 13.78 and a debt-to-equity ratio of 2.19. Gladstone Commercial Co. has a 52 week low of $16.78 and a 52 week high of $20.47.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 29th. Shareholders of record on Wednesday, March 20th will be paid a $0.125 dividend. This represents a $1.50 annualized dividend and a yield of 7.42%. The ex-dividend date is Tuesday, March 19th. Gladstone Commercial’s dividend payout ratio (DPR) is 98.68%.
GOOD has been the subject of several research analyst reports. Wedbush raised shares of Gladstone Commercial from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 7th. BidaskClub raised shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a report on Thursday, October 11th. Zacks Investment Research downgraded shares of Gladstone Commercial from a “hold” rating to a “sell” rating in a report on Thursday, January 17th. Boenning Scattergood set a $21.00 target price on shares of Gladstone Commercial and gave the stock a “buy” rating in a report on Wednesday, October 31st. Finally, ValuEngine raised shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $21.13.
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About Gladstone Commercial
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 October 2018, Gladstone Commercial has paid 165 consecutive monthly cash distributions on its common stock.
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